2010 Social Security Wage Base

The Social Security wage base will remain $106,800 for 2010, the first time the index hasn’t budged since 1971.  The tax rates will not change either: 6.2% for FICA and 1.45% for Medicare.  Self-employed taxpayers will pay 15.3% on the first $106,800 of their net earnings and 2.9% on any amounts above that.

PostHeaderIcon It’s Not What You Earn, But What You Keep, After Taxes.™
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