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Summary of Tax Rates and Wage Bases for 2011

Tax rates remain unchanged for 2011.

Tax rates remain unchanged for 2011.

The tax rates for 2011 in the USA remain unchanged versus those in 2010. Here is a handy list of the current tax rates in the USA.  We have also included state taxes for Pennsylvania and Philadelphia employment taxes.

  • Employee Social Security — 6.20%
  • Employee Medicare — 1.45%
  • Employer Social Security — 6.20%
  • Employer Medicare — 1.45%
  • Taxable Wage Base for Old Age Benefits — $106,800
  • Taxable Wage Base for Medicare — Unlimited
  • Maximum Individual Employee Tax — $6,621.60
  • Maximum Individual Employee Medicare — Unlimited
  • Self-Employment Tax — 12.40%
  • Self-Employment Medicare — 2.90%
  • Self-Employment Income Floor — $400.00 minimum earned
  • Taxable Self-Employment Tax Old Age Benefits — $13,243.20
  • Taxable Self-Employment Medicare — Unlimited
  • PA Unemployment and Individual Tax — 3.07%
  • Philadelphia Individual Witholding Tax (Resident) — 3.928%
  • Philadelphia Individual Witholding Tax (Non-Resident) — 3.4985%
  • 401k elective deferral — $16,500
  • 401k electie deferral if age 50+ — $22,000
  • Simple IRA Limits — $11,500
  • Simple IRA Limits if age 50+ — $14,000
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