Additional Medicare Tax: 6 facts employers need to know

6 key factsApril 15 is just around the corner and employees are certain to raise numerous questions about the Additional Medicare Tax that first took effect in 2013.   Here’s 6 facts you will need at your finger tips in the weeks ahead.

For the complete article go to:

http://payrollperspectivesblog.ey.com/2014/03/12/additional-medicare-tax-6-facts-employers-need-to-know/

 

SSA updates proposals for FICA tax increases

Each year the Social Security trustees provide proposals for ensuring solvency in the trust funds.  Some of these proposals include an increase the Social Security tax rate, the wage base, or both. This information is helpful in getting an idea of the future direction of employment tax costs.

For the full report go to http://www.socialsecurity.gov/OACT/solvency/provisions/index.html

Quotes to Note | Roosevelt on Social Security

RADIO ADDRESS ON THE THIRD ANNIVERSARY OF THE SOCIAL SECURITY ACT, August 15, 1938

The [Social Security] Act does not offer anyone, either individually or collectively, an easy life–nor was it ever intended so to do.

-Franklin D. Roosevelt, Radio address on the 3rd anniversary of the Social Security Act, August 15, 1938