Thursday, November 20, 2008

2009 Social Security Wage Base - at what point do you stop paying social security tax

Per the SSA web site, the 2009 social security wage base is $106,800.

This means that if you earned $213,600.00 each year at one job, you would stop paying social security tax for the second half of the year.

However, you will still pay medicare/medicaid taxes.

Regards, makingourway

No comments: