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.
There are two types of additional Medicare tax: The 3.8% Medicare tax is levied on the lesser of net investment income or MAGI above the thresholds. The 0.9% surcharge is on W-2 income above the thresholds.