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

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