Question: what kind of tax is social security tax?
Answer: The Social Security tax is a regressive tax, meaning that a larger portion of lower-income earners' total income is withheld, compared to that of higher-income earners. 7﻿ Consider two employees, Izzy and Jacob. Izzy earns $85,000 for the tax year 2020 and has 6.2% Social Security tax withheld from his pay.