Question: how much taxes does the government take out of my paycheck?
Answer: The Social Security tax rate is 6.2% of all earned income up to $128,400. The Medicare tax rate is 1.45% of all earned income on the first $200,000 in wages ($250,000 for joint returns; $125,000 for married taxpayers filing a separate return) and an additional 2.35% Medicare tax (1.45% base tax plus .