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To calculate the social security tax percentage as of 2015, add the 6.2 percent rate for the employer and the 6.2 percent rate for the employee, which totals 12.4 percent of wages, states the Internal Revenue Service. So... More »

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The purpose of the Social Security tax is to fund the current Social Security program, explains Investopedia. The money collected from the tax pays for current retiree?s Social Security benefits, which include a monthly ... More »

www.reference.com Business & Finance Taxes

In 1938, the Treasury Department ruled to exclude Social Security benefits from federal income taxes, but in 1983, Congress passed amendments that allowed taxation of 50 percent of Social Security benefits if taxpayers' ... More »

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The Social Security tax rate is 12.4 percent of earnings, 6.2 percent paid by the employee and 6.2 percent paid by the employer. In 2014 the wage cap for earnings taxed was 117,000, and the 2015 cap is $118,500, explains... More »

www.reference.com Business & Finance Taxes Income Tax

The employee Social Security tax withholding rate is 7.65 percent as of 2015, according to the Social Security Administration. That number is matched with an employer contribution of 7.65 percent. The rate includes the S... More »

www.reference.com Business & Finance Taxes

The 2014 estate tax rate chart shows that the Internal Revenue Service imposes an 18 percent tax rate on estates worth up to $10,000, with rates increasing as the value of an estate rises, notes benefits advisory firm Ch... More »

www.reference.com Business & Finance Taxes

The federal Social Security tax is paid by employees and employers at 6.2 percent of an employee's wages, according to the Social Security Administration. Wages up to $118,500 are taxed at this rate, as of 2015. Self-emp... More »

www.reference.com Business & Finance Taxes Income Tax