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  What is the Social Security contribution rate for 2008?
  Question
  What is the Social Security contribution rate for 2008?
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The 2008 contribution rate; also known as the FICA tax rate, is 7.65% for employees, and 15.30% for self-employed People. The rates are broken out as follows:

  • 6.2% (Social Security portion) on earnings up to the maximum taxable amount ($102,000 in 2008)
  • 1.45% (Medicare portion) on all earnings

Set by law, these rates haven't changed since 1990.  You may also see a history of the FICA tax rate. 
 
 
 
  
 
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