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TeachMeFinance.com - explain Taxation Of Benefits Taxation Of Benefits The term 'Taxation Of Benefits ' as it applies to the area of Medicare in the United States can be defined as ' Beginning in 1994, up to 85 percent of an individual's or a couple's OASDI benefits is potentially subject to federal income taxation under certain circumstances. The revenue derived from taxation of benefits in excess of 50 percent, up to 85 percent, is allocated to the HI trust fund'. Previous 5 Terms: Taxable Earnings Taxable Payroll Taxable Self-Employment Income Taxable Wages taxaceous Next 5 Terms: Tax-cost taxidermy taximeter Taylor Grazing Act of 1934 (TGA) tayra About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.