Commenting on Tanzania 's 2025 Millennium Development Goal Tanzanian Prime Minister Mizengo Pinda said only 12 years remained and the Tanzanian government is focussed on applying the Big Results Now initiative to ensure there is clear implementation of various projects.
The maximum Social Security tax in 2017 will be $7,886.40 per employee, which represents a pretty big increase over 2016. That's the simple answer. Below, find out why the maximum Social Security tax is increasing so much, whether the increase will affect you, and what to expect in the coming years.
The Social Security tax income limits changed last in 2017, when the amount of maximum taxable earnings rose from $118,500 to $127,200. The 2017 increase was the largest one-year increase since 1983 â this was because there was no cost-of-living increase in benefits in 2016, so there was no change in the taxable maximum amounts.