Circulatory System: Facts, Function & Diseases. The circulatory system is a vast network of organs and vessels that is responsible for the flow of blood, nutrients, hormones, oxygen and other gases to and from cells.
That maximum benefit is $2,663 in 2015. That means that if someone is turning age 66 this year and has paid taxes on maximum Social Security-covered earnings for each of the last 35 years, he or she will get $2,663 effective with age 66. But there is nothing special about getting that maximum benefit. Itâs not like you get a bonus from the government if you pay the maximum Social Security tax each year. Your retirement benefit will be based on your highest 35 years of earnings. And as I just said, if you have 35 years of maximum earnings, you will get a maximum Social Security benefit.
Working backwards from these figures, we can arrive at the maximum Social Security tax liability for any given year. For 2014, the most that a non-self-employed person had to pay was $7,254. You get this by multiplying $117,000 (the 2014 taxable maximum) by 6.2% (an employee's share of Social Security taxes). For 2015, the figure is $7,347 ($118,500 times 6.2%).