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Financial Planning / Tax Strategies


Subject:  Re: Payroll Tax Limits Date:  4/28/2001  9:49 AM
Author:  ShyCougar Number:  50664 of 124774

abtinnyc: Just a quickie: What are the payroll tax (social security and medicare) percentages and total limits for 2001?

For 2001, the income limit for OASDI is $80,400. The percentages have not changed: still 6.2% for OASDI and 1.45% for Medicare, total 7.65% (double that if you're self-employed).

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