Tax Man Cometh: Earnings Subject to SS Jump 7.3%, Most in Over 3 Decades

by Mike ‘Mish’ Shedlock
Mish Talk

The tax man has his eyes on you. He always does. And if your wages exceed $118,500 then the tax man will collect.

Wages subject to Social Security jump 7.3% in 2017, to $127,200. That’s the largest single-year jump since 1983.

About 12 million will be affected. Are you one of them?

[…] The Wall Street Journal reports Social Security Taxes to Rise for Higher-Income Americans.

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