Actress | Soundtrack | Producer. Kathie Lee Gifford was born on August 16, 1953 in Paris, France as Kathryn Lee Epstein. She is an actress, known for Today (1952), Kathie Lee's Rock n' Tots Cafe: A Christmas 'Giff' (1995) and Kathie Lee Gifford... Looking for Christmas (1994).
Generally, the amount needed for a year of Social Security covered earnings to be considered âsubstantialâ changes from year to year. For example, in 2014 your earnings with Social Security covered employment would be considered âsubstantialâ earnings if they were at least $21,750. The agency applies this measurement of âsubstantialâ earnings to all your working years under Social Security covered employment.
Earnings above this amount are not subject to the Social Security portion of the payroll tax or used to calculate retirement payouts. Social Security is financed by a 12.4 percent tax on wages up to the annual threshold, with half (6.2 percent) paid by workers and the other half paid by employers.