â¢ MINOR PREMISE (noun) The noun MINOR PREMISE has 1 sense: 1. the premise of a syllogism that contains the minor term (which is the subject of the conclusion) Familiarity information: MINOR PREMISE used as a noun is very rare.
The additional tax rate is 0.9% on employee income (employers do not have to contribute to this additional tax). The additional Medicare tax is effective for income over a specific level, depending on the individual's federal income tax filing status.
Starting in 2013, there's an additional Medicare tax applied to employee's whose Medicare wages exceed $200,000. This is an employee-only tax, there's no corresponding tax imposed on the employer. For 2011 and 2012, the employee portion of Social Security was reduced to 4.2% instead of 6.2%.