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.
The usual rate for Social Security tax is 6.2 percent of your gross wages, including tips, bonuses and other compensation. This means your employer withholds 6.2 percent of your gross pay before withholding allowances are subtracted. For example, if your gross pay is $500, you pay $31 in Social Security tax.In 2011 and 2012, Congress temporarily lowered the Social Security tax rate for employees to 4.2 percent. You had to pay Social Security tax on the first $110,100 of gross income as of 2012.his means your employer withholds 6.2 percent of your gross pay before withholding allowances are subtracted. For example, if your gross pay is $500, you pay $31 in Social Security tax.