Youâd be forgiven for thinking that 350 on the dial means 350 in the oven. Youâd be wrong, though. When you set an oven to 350 degrees, there isnât a single spot inside of it that stays at 350 degrees for the duration of a bake session.
Employees of foreign governments are generally exempt from paying Social Security taxes on income paid to them as a result of their official responsibilities. As long as the foreign government employee is working in an official capacity on official business related to his employment, he does not have to pay Social Security on his pay.
Interest and Dividends. Interest and dividends are forms of passive income that are not subject to Social Security tax. Interest and dividends you receive during the year -- unless earned in a special tax-deferred account such as an IRA -- are subject to federal income taxes. portion of Social Security benefits may be subject to income taxes, depending on your annual income. If Social Security benefits are your only income source, however, you don't pay any taxes on your benefits.