Title: How a Decades Old Loophole Lets Billionaires Avoid Medicare Taxes
Article Snip: "Most working Americans have to pay Medicare taxes, but some of the richest figures on Wall Street have found a way to opt out, a ProPublica investigation found. ...It’s so automatic for many workers that they may not even realize it takes a bite out of every paycheck. In theory, everyone is required to contribute to the country’s health insurance program for seniors, no matter how poor or rich, from cashiers to CEOs. Not on Wall Street. There, some of the most powerful people in finance found a way to opt out. The trove of tax records...these maneuvers by the rich hasten Medicare’s future crisis."
Reference: www.propublica.org