Social Security - Long time MT Posted: Nov 4th, 2009 - 6:59 pm In Reply to: Ok, if that were the case then everyone on SS would - wind up with the same amount, yes?
What I mean is that it's a flat percentage taken from your paycheck each month. The amount would be different for each person because each person earns a different income but it's a flat 7.65% unless you are self-employed. The 2009 contribution rate, also known as the FICA tax rate, is 7.65% for employees and 15.30% for self-employed people.
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