On 22 October 2014, the U.S. Social Security Administration issued a press release and fact sheet covering Social Security and Medicare contributions for 2015. From January 2015, the cap for the maximum salary subject to Social Security tax is increased from USD 117,000 to USD 118,500. There is no cap for Medicare tax. The rates for Social Security and Medicare contributions for employees and employers remains the same at 6.2% each for Social Security and 1.45% for Medicare. The additional Medicare tax on high earners also remains unchanged at a rate of 0.9% on wages over USD 200,000 for single...