Famous People of the Enlightenment. The Enlightenment or âAge of reasonâ was a period in the late seventeenth century and early eighteenth century, where a group of philosophers, scientists and thinkers advocated new ideas based on reason.
With a few exceptions, all salaried income, up to an amount specifically determined by law (see tax rate table below), is subject to the Social Security payroll tax. All income over said amount is not taxed. In 2017, the maximum amount of taxable earnings was $127,200.
Until now, the Social Security wage base has increased in each of the last four years. Social security taxes, (or OASDI taxes) are the taxes that are taken from your paycheck to contribute to the social security program. However, there is a wage base limit, and earnings above this amount are not taxed. The social security tax wage bases are per person, and are not impacted by a husband and wife who meet the wage base when adding their incomes together. Any earnings over the tax wage base are not subject to social security taxes.