<P> In 2018 , the Social Security Wage Base was $128,400 and the Social Security tax rate was 6.20 % paid by the employee and 6.20 % paid by the employer . A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00 . A person with $130,000 of gross income in 2017 incurred Social Security tax of $7,886.40 ( resulting in an effective rate of approximately 6.07 % - the rate was lower because the income was more than the 2017 `` wage base '' , see below ) , with $7,886.40 paid by the employer . A person who earned a million dollars in wages paid the same $7,886.40 in Social Security tax ( resulting in an effective rate of approximately 0.79 % ) , with equivalent employer matching . In the cases of the $130 k and $1 m earners , each paid the same amount into the social security system , and both will take the same out of the social security system . </P>
<P> In 2018 , the Social Security Wage Base was $128,400 and the Social Security tax rate was 6.20 % paid by the employee and 6.20 % paid by the employer . A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00 . A person with $130,000 of gross income in 2017 incurred Social Security tax of $7,886.40 ( resulting in an effective rate of approximately 6.07 % - the rate was lower because the income was more than the 2017 `` wage base '' , see below ) , with $7,886.40 paid by the employer . A person who earned a million dollars in wages paid the same $7,886.40 in Social Security tax ( resulting in an effective rate of approximately 0.79 % ) , with equivalent employer matching . In the cases of the $130 k and $1 m earners , each paid the same amount into the social security system , and both will take the same out of the social security system . </P>
what is the wage base for social security
what is the wage base for social security
$128,400
$128,400