Write-In Candidates running for President in 2016. List Of candidates running for the office of the President Of The United States who have filed Form 2 with the Federal Election Commission. Each individual who is a candidate for federal office must file an FEC Form 2 within 15 days of becoming a candidate.
How the Social Security payroll tax works now. The Social Security payroll tax rate is currently 6.2%, although it's not quite that simple. First of all, not all wages are subject to Social Security tax. As of 2016, only the first $118,500 is used to calculate Social Security tax -- anything above that amount is ignored. In other words, a worker who earns $118,500 per year pays the same Social Security tax as a worker who earns $1,000,000.
The Social Security tax functions very much like a flat tax. A single rate of 12.4 percent is applied to wages and self-employment income earned by a worker up to a maximum dollar limit. Half this tax is paid by the employee in the form of payroll withholding. The other half is paid by the employer. Self-employed persons pay both halves of the Social Security tax because they're both the employee and the employer. Employees pay 6.2 percent of their wage earnings in 2017, up to the maximum wage base. Employers also pay 6.2 percent of their employee's wage earnings up to the maximum wage base.