Commenting on Tanzania 's 2025 Millennium Development Goal Tanzanian Prime Minister Mizengo Pinda said only 12 years remained and the Tanzanian government is focussed on applying the Big Results Now initiative to ensure there is clear implementation of various projects.
The maximum Social Security tax in 2017 will be $7,886.40 per employee, which represents a pretty big increase over 2016. That's the simple answer. Below, find out why the maximum Social Security tax is increasing so much, whether the increase will affect you, and what to expect in the coming years.
In sharp contrast to the tiny 0.3% benefits boost, the âwage baseâ on which Social Security taxes are imposed will jump 7.3% in 2017 to $127,200, up from $118,500 in 2016. That translates into a maximum of $7,886.40 withheld from a highly paid employeeâs 2017 paychecks, or $539.40 more than the $7,347 deducted in 2016.