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 other words, the highest Social Security tax a self-employed individual would have to pay in 2017 would be twice that of an individual employee, or $15,772.80. Technically, this is the maximum Social Security tax that could be assessed to any single person for the 2017 tax year.