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The Social Security tax cap for 2006 was 6.2% of the first $94,200 of wages.

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Q: What was the Social Security tax cap for 2006?
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Related questions

What was the Social Security tax for 2001?

The Social Security tax cap for 2001 was $80,400.


What was the 2009 Social Security tax cap?

$106,800. Remember there is no cap on the Medicare tax.


When was the Social Security tax cap last changed?

The Social Security tax cap was last raised in 2009, increasing 4.7% from $102,000 to $106,800. It remains unchanged for 2010 and 2011.


does Mississippi Tax Social Security Income?

No, the state of Mississippi does not tax Social Security benefits at the state level. Therefore, Social Security income is not subject to Mississippi state income tax.


Does Massachusetts tax social security?

No. Massachusetts is not one of the fourteen states that tax Social Security benefits.


Do you pay social security tax when drawing social security?

yes


Do kids pay social security tax?

no im pretty sure you have to be 18 to pay social security tax


Are social security taxes state taxes?

Social Security is a federal program. It is a federal "tax" not a state tax.


What is the 2010 Social Security tax cap?

The 2010 cap is the same as in 2009, $106,800.00, at which point the Social Security amount withheld would be $6,621.60 (6.2%). There is no cap on the Medicare insurance contribution, so the 1.45% amount will continue to be withheld on all earnings, and will be matched by your employer at the 1.45% rate for a total 3.90% for the year. For more information, click on the Related Link, below.


How much does social security cost per year?

For 2008, the maximum social security tax withholding for an individual is $6,324, the tax on $102,000. For 2009, the maximum social security tax withholding for an individual is $6,622, the tax on $106,800.


What example of a payroll tax?

Social security tax


Is the social security tax cap 106800 per worker or per family?

106800 is the amount of earned income that an individual would pay social taxes on in the year 2009.