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Social Security Taxable Wage Base is $97,500, SSA Announces
U.S. Social Security Administration [SSA] Link to more items from this source
[Official Guidance]
Oct. 18, 2006
Excerpt: Some other changes that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $97,500 from $94,200. Of the estimated 163 million workers who will pay Social Security taxes in 2007, about 11 million will pay higher taxes as a result of the increase in the taxable maximum in 2007.

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