My recommendation here is that any taxpayer who has Adjusted
Modified Gross Income of between $500,000 and $1 million in a given year gets his Medicare Benefits reduced in the following
year. This Medicare Benefit reduction includes among other items higher
copays, higher deductibles, and higher medicare government
insurance premiums. This Adjusted Modified Gross Income should include,
among other items, any tax-fee municipal bond interest.
And any taxpayer who has Adjusted
Modified Gross Income of $1 million or more in a given year gets his Medicare
Benefits reduced by significantly more in the following year than one
with Adjusted Modified Gross Income of between $500,000 and $1 million. This Medicare Benefit
reduction includes among other items even much higher copays, even much
higher deductibles, and even much higher medicare government insurance
premiums.
Given the $16 trillion of US Debt, this is a fair and wise way to reduce US Government spending.
