Rates for Tax Year ; Not over $10, 4% of the taxable income. ; Over $10, but not over $40, $, plus 6% of the excess over $10, ; Over. In , the tax rate for Social Security was % of an employee's income for the employee and employer, each, or % for self-employed workers. FYI New Mexico Withholding Tax - Effective January 1, , Open File. FYI New Mexico Withholding Tax - Effective January 1, , Open File.
Initially focusing on corporate tax rates,. KPMG's tax surveys quickly spread to cover indirect taxes, personal taxes and social security rates. For Tax Years and , the North Carolina individual income tax rate is % (). For Tax Year For Tax Years through For Tax Years. you are required to pay all or part of the Social Security (FICA) tax, The OASDI tax rate is % of your taxable gross earnings*** up to $ ,
The current Social Security tax rate is %, which yields a combined employee and employer rate of %. Due to the maximum taxable income limit, employees. The total FICA tax rate is % for employees and total FICA tax rate is. % for employers. The OASDI Maximum taxable wage base was $, rate . HI tax rate . Year. Maximum taxable earnings. OASDI tax Historical Social Security Tax Rates  last accessed January 20,
In , Congress passed the Bipartisan Budget Act, which reallocated the portions of the percent payroll tax paid by workers and their employers going to. FICA taxes are broken down as follows: % of wages for Social Security (capped at $, of wages for ) and % of wages for Medicare (no limit).