Jones, Janelle; Schmitt, John; Woo, Nicole - Center for Economic and Policy Research (CEPR) - 2011
When most workers look at their pay stubs, they can see that the Social Security payroll tax rate is 12.4 percent … – with the employee and employer each paying 6.2 percent. But many workers do not know that any annual wages above $106 … available American Community Survey to determine how raising the cap would affect workers based on gender, race or ethnicity …