Write-In Candidates running for President in 2016. List Of candidates running for the office of the President Of The United States who have filed Form 2 with the Federal Election Commission. Each individual who is a candidate for federal office must file an FEC Form 2 within 15 days of becoming a candidate.
How the Social Security payroll tax works now. The Social Security payroll tax rate is currently 6.2%, although it's not quite that simple. First of all, not all wages are subject to Social Security tax. As of 2016, only the first $118,500 is used to calculate Social Security tax -- anything above that amount is ignored. In other words, a worker who earns $118,500 per year pays the same Social Security tax as a worker who earns $1,000,000.
Examples of payroll tax calculations. To illustrate how payroll taxes work, let's look at a few examples. First, let's say that you earn a salary of $75,000. This is less than the maximum Social Security taxable wage cap, so the 7.65% total payroll tax rate would apply to your entire salary. You and your employer would both pay $5,737.50 each in payroll taxes on your behalf.