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.
Entries from October 2009 ↓
Social Security Wage Base for 2010-Unchanged!
October 19th, 2009 — Business Startup, S Corporation
