Show Social Security Taxes Go Up Jan 1 District Director of Internal Revenue Roland V V. Vise Wise today called attention to the increase in Social Security tax rates to become effective January 1 1960 under the Federal Insurance C Contributions Act The tax rates will increase to 3 percent for employers and 3 fervent for el employees or a total of 0 6 O. O percent These rates will apply to wages paid on or or r after January 1 1960 even though the wages are arc earned prior to that date Gate The taxes continue to apply to the first of wages paid by an employer to each employee each year Internal Revenue Service publications publications pub pub- containing r revised So Social Social Social So- So cial Security lax tax tables are now available at all Internal Revenue Service offices n 0 |