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.
edit]. The Social Security component of the FICA tax is regressive, meaning the
effective tax rate regresses ...
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 »
The OASDI tax rate for wages paid in 2015 is set by statute at 6.2 percent for
employees and employers, each. Thus, an individual with wages equal to or
Social Security ( OASDI ) Program Rates & Limits, 2015. Tax Rates (percent).
Social Security (Old-Age, Survivors, and Disability Insurance). Employers and ...
Aug 27, 2015 ... Topic 751 - Social Security and Medicare Withholding Rates. Taxes under the
Federal Insurance Contributions Act (FICA) are composed of the ...
OASDI tax rate . HI tax rate . Year. Maximum taxable earnings. OASDI tax
rate . HI tax rate  .... Historical Social Security Tax Rates . Sources: Social
Oct 31, 2014 ... FICA – Wage Limits and Tax Rates. To determine the gross pay subject to social
security tax withholding, up to the wage base limit, you must ...