10 Numbers Everyone Should Know About Social Security | Xposed | Scoop.it
Pay attention to these important components of Social Security. Workers pay 6.2 percent of their earnings into the Social Security system, and employers pay a matching 6.2 percent. This is the income cap for Social Security taxes in 2014. Workers do not pay Social Security taxes on earnings that exceed $117,000 and will notice a bump in their paycheck once they earn above this amount in a single year.