Show Social Security Rates go Up to 3 percent District Director of Internal Roland V Wise today called attention to the increase in Social Security tax rates to become effective January 1960 under the Federal Insurance Contributions The tax rates will increase to 3 percent for employers and 3 percent for or a total of 6 These rates will apply to wages paid on or after January even though the wages are earned prior to that The taxes continue to apply to the first of wages paid by an employer to each employee each Internal Revenue Service publications containing revised Social Security tax tables are now available at all Internal Revenue Service |