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Social Security Announces 2.7 Percent Benefit Increase for 2005
SSA announced on Tuesday, October 19, 2004 that the 2005 social security wage base will be $90,000, an increase of $2,100 from the 2004 wage base of $87,900. As in prior years, there is no limit to the wages subject to the Medicare tax; therefore, all covered wages are still subject to the 1.45% tax.
 

   
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