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.
Based on the increase in average wages, the maximum amount of earnings subject to the Social Security tax (the âtaxable maximumâ) will increase to $118,500 from $117,000 for 2015, the Social Security Administration (SSA) announced on Oct. 22.