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Americans have to pay a social security tax on every paycheck. What is the rate?.
Dan Tanner
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May 27, 2023
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Americans have to pay a social security tax on every paycheck. What is the rate?.
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Dan Tanner
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6.2 percent
Social Security is financed through a dedicated payroll tax. Employers and employees each pay 6.2 percent of wages up to the taxable maximum of $147,000 (in 2022), while the self-employed pay 12.4 percent.
Prl
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Jun 2, 2023
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