It is, indeed, a most perverse tax in that regard. The stepwise nature of the tax is so very unfair. It should instead be a sliding scale of taxation, akin to the income tax.
Many younger persons, “pre-retirees” I mean, will no doubt be dismayed to discover this tax in the not-too-distant future. It (the IRMAA) will be moving down to meet them as they move up in age into the IRMAA target zone. When the two come together it’s gonna be “sur-prise sur-prise”!
Thanks for the link. Since no RMD was required in 2020, my income dropped so I may come out OK in 2022. That is, with respect to the IRMAA bite but of course not with the steep increase in part B premiums.
The increase in the standard monthly premium—from $148.50 in 2021 to $170.10 in 2022—