The social security wage base for this year is $132,900 meaning the max amount withheld from your paycheck will be $8,239.8 (132,900 x .062) for social security(FICA) up from $7,960.80 for 2018. The 2020 wage base will be $136,800. To show you how far this has grown, the initial social security wage base from 1937 to 1949 was $3,000 and the tax rare was only 1% for a big $30 a year.
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