what is the max income for social security
The tax amounts were jolting based on how inefficient the government was and still is with regards to spending our money. For 2016, the maximum amount of taxable earnings for Social Security and Medicare is $118,500. In other words, an employee must pay 6.2% of any income up to $118,500 for 2016 = $7,347. But any dollar you make above $118,500 is free of the Social Security tax.