Crucially, this need not be, and should not be, a matter of raising taxes in the aggregate. The proceeds from a gasoline tax ought to be used to finance cuts in other taxesâthis, surely, is the way to present them to a sceptical electorate.
Social Security and Medicare Withholding Rates. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.
Answer    If working for a company the answer is typically between $10 - $25  an hour this would be paid out of the company fee which would  typically be between $25 â¦ and $45 an hour. The company would also  cover the employees social security co-pays as well as all  employment taxes.