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.
The federal and state income withholding brackets have been revised for 2015. http://www.irs.gov/pub/irs-pdf/p15.pdf. Employee Social Security /OASDI and Medicare. The year 2015 Social Security/OASDI tax rate for employees is 6.2 percent.The Medicare tax rate remains at 1.45 percent. The Social Security/OASDI maximum wage base increases to $118,500 for 2015.There continues to be no cap on the Medicare wage base.he federal and state income withholding brackets have been revised for 2015. http://www.irs.gov/pub/irs-pdf/p15.pdf. Employee Social Security /OASDI and Medicare. The year 2015 Social Security/OASDI tax rate for employees is 6.2 percent. The Medicare tax rate remains at 1.45 percent.