Federal Insurance Contributions Act tax

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:tax_law
gptkbp:abbreviation	gptkb:FICA_tax
gptkbp:additionalRate	0.9% Medicare (high earners, employee only)
gptkbp:appliesTo	wages earned income self-employment income
gptkbp:codifiedIn	gptkb:Title_26,_United_States_Code,_Section_3101_et_seq.
gptkbp:compatibleWith	some religious groups certain state and local government employees
gptkbp:country	gptkb:United_States
gptkbp:dateEnacted	1935
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:fundedBy	gptkb:Medicare_Hospital_Insurance_(HI) gptkb:Old-Age,_Survivors,_and_Disability_Insurance_(OASDI)
gptkbp:imposedBy	gptkb:federal_government_of_the_United_States
gptkbp:maximumWageBase	applies to Social Security portion
gptkbp:noMaximumWageBase	applies to Medicare portion
gptkbp:notableCollection	gptkb:Internal_Revenue_Service
gptkbp:purpose	fund Medicare fund Social Security
gptkbp:rating	1.45% Medicare (employee) 1.45% Medicare (employer) 6.2% Social Security (employee) 6.2% Social Security (employer)
gptkbp:relatedTo	gptkb:Self-Employment_Contributions_Act_tax
gptkbp:bfsParent	gptkb:Social_Security_(United_States)
gptkbp:bfsLayer	6
https://www.w3.org/2000/01/rdf-schema#label	Federal Insurance Contributions Act tax