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What Is the Maximum Social Security Tax for 2015?
With the onset of tax season, Americans are getting an unpleasant reminder of precisely how expensive the Social Security system is to fund, with employment taxes eating up as much as 12.4% of an individual’s earnings every year. But the good news, if there is such a thing when talking about taxes, is that things could be worse. Read more…
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For 2015, the maximum Social Security tax for a single taxpayer was $7,347, and twice that for self-employed taxpayers.
Gerry Hafer
AMAC Foundation