<p>Report Says Medicare Raises Significant Tax Revenue</p>

Report Says Medicare Raises Significant Tax Revenue

Urban Institute

Medicare spending generated $71 billion in federal tax revenue in 2019, plus $10.4 billion in state income tax revenue, and made up 2.3 percent of all federal income and payroll tax revenue, highlighting the importance of the program beyond its key individual services, according to an analysis released February 5 by the Urban Institute.

<p>Medicare spending generated $71 billion in federal tax revenue in 2019, plus $10.4 billion in state income tax revenue, and made up 2.3 percent of all federal income and payroll tax revenue, highlighting the importance of the program beyond its key individual services, according to an analysis released February 5 by the Urban Institute.</p>