[ 1 syll. lei -(g)(h), le-i- gh ] The baby girl name Leigh is also used as a boy name, though it is far more popular for girls. It is pronounced Liy- â . Leigh's origin is Hebrew and Old English, and its use, English. Leigh is an English form of the English, Hebrew, and Yiddish Leah.
Some people who get Social Security must pay federal income taxes on their benefits. But, no one pays taxes on more than 85 percent of their Social Security benefits. You must pay taxes on your benefits if you file a federal tax return as an âindividualâ and your âcombined incomeâ exceeds $25,000. If you file a joint return, you must pay taxes if you and your spouse have âcombined incomeâ of more than $32,000. If you are married and file a separate return, you probably will have to pay taxes on your benefits. See Benefits Planner: Income Taxes and Your Social Security Benefits for more information.
Because beginning this year, Medicare taxes will be assessed on earnings up to $125,000 per year, nearly twice the $53,400 subject to Social Security taxes. Here's what's happening: Since 1967, when the Medicare program was established, a portion of our Social Security taxes has gone to pay for it every year. This year, of the 7.65% payroll tax employees and employers each contribute to Social Security, 6.2% is strictly for Social Security while the remaining 1.45% is for Medicare. It was easier just to lump the taxes together under the general heading of Social Security when the taxes were applied evenly to earnings.