Generally, if Social Security is your only income, your benefits are not taxable. Depending on your filing status and other income, either half or 85 percent of your social security benefits is taxable.
Your benefits are taxable if you're single and one half of your Social Security benefits plus all your other income is greater than $25,000, or if you're married and that amount is greater than $32,000.
In 2010, the Social Security Wage Base was $106,800 and the Social Security
tax rate was 6.20% paid by the employee and 6.20% paid by the employer.
Tax rates are set by law (see sections 1401, 3101, and 3111 of the Internal
Revenue Code) and ... Calendar year, Tax rates as a percent of taxable earnings.
Tax rates for Social Security's two trust funds, the Old-Age and Survivors
Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund, are
shown in ...
If your net earnings exceed these amounts (i.e., more than $102,000 in 2008 or $106,800 for 2009), you continue to pay taxes
– but only the Medicare portion of the Social Security tax
The Medicare portion of taxable income over these thresholds is calculated at 2.9 pe... More »
Old-Age, Survivors, and Disability Insurance ( OASDI ), 2016. Tax Rates (percent)
. Social Security (Old-Age, Survivors, and Disability Insurance). Employers and ...
The OASDI tax rate for wages paid in 2016 is set by statute at 6.2 percent for
employees and employers, each. Thus, an individual with wages equal to or
Dec 30, 2015 ... Topic 751 - Social Security and Medicare Withholding Rates. Taxes under the
Federal Insurance Contributions Act (FICA) are composed of the ...
20-Jan-15. Year. Maximum taxable earnings. OASDI tax rate . HI tax rate .
Year. Maximum taxable earnings. OASDI tax rate . HI tax rate . 1975. 14,100.
Find out if your Social Security benefits are taxable income. What Social Security
taxes do you have to pay? ... The 2015 rates for employee FICA taxes are:.