Supposedly, he and his troops drank it after defeating the Prussian army in 1809. Wine Snobs, Thereâs a Beer for You Jordan Salcito April 4, 2014. Prussian militarism was unlovely, to be sure, but the Kaiser was no FÃ¼hrer. The Utterly Pointless First World War Michael F. Bishop May 21, 2013. The whole purpose was to create this idea that there was this Prussian juggernaut.
Officially known as the wage base limit, the threshold changes every year. For 2015, the maximum amount of earnings subject to tax is $118,500. You pay no taxes on any income earned beyond that amount. Next up: Certain religious groups.
In 2015, however, if your wages are $78,000, and you have $40,700 in net earnings from a business, you donât pay dual Social Security taxes on earnings more than $118,500. Your employer will withhold 7.65 percent in Social Security and Medicare taxes on your $78,000 in earnings.You must pay 15.3 percent in Social Security and Medicare taxes on your first $40,500 in self-employment earnings and 2.9 percent in Medicare tax on the remaining $200 in net earnings.n 2015, however, if your wages are $78,000, and you have $40,700 in net earnings from a business, you donât pay dual Social Security taxes on earnings more than $118,500. Your employer will withhold 7.65 percent in Social Security and Medicare taxes on your $78,000 in earnings.