You might not think you're paying this tax, but you probably are. The company pays the tax but can increase the cost of their products so consumers are actually paying the tax indirectly by paying more for the company's products. Well, if you're interested, there are also informal tax legislation meetings where individuals and interest groups get together to discuss tax issues. Once you become a steady wage earner, these are meetings you probably won't want to miss. So you can earn interest on your money.
People also earn interest from lending money to people.
We're not talking about you lending your buddy Dave a couple bucks to buy lunch, we're talking about lending lots of money so the interest really accumulates on the loan. Not to burst your bubble, but that interest income is all fully taxable. The Medicare program funds the federal health program for people over 65. It helps out people at a time in their lives when they may have health problems but may not have a lot of money. This tax money funds many finance specific programs, including social security, health care and worker's disability.