Business Fast > US economy > What is OASDI tax on my paycheck? Here's why you and your employer pay this federal tax US economyWhat is OASDI tax on my paycheck? Here's why you and your employer pay this federal taxJanuary 25, 2023posted on Jan. 25, 2023 at 8:25 pm OASDI stands for Old-Age, Survivors and Disability Insurance. Commonly known as Social Security, OASDI is the 6.2% tax taken out of your paycheck. READ SOURCE tweet Share on FacebookShare on TwitterShare on LinkedInShare on RedditMorebusinessfastJanuary 25, 2023previous articleStartups Gets Creative as VC Funding Dries Up – Bloombergnext articleShould the Strategic Petroleum Reserve Be Used Now?You Might Also LikeTrump’s economic approval hits new low amid tariff, inflation backlash – CNBC pollApril 20, 2025US economyTrump renews call for interest rate cut, says rates would be lower if Fed chief Powell 'understood what he was doing'April 18, 2025US economyTrump says Fed chair would resign if asked and condemns him over interest ratesApril 17, 2025Trump and DOGE Are Planning Deregulation at a Massive ScaleApril 17, 2025US economyNvidia to take $5.5bn hit as US clamps down on AI chip sales to ChinaApril 16, 2025Managers lower the terminal Selic rate projection, fear Trump's tariffs: BofAApril 15, 2025Recommended For YouSportsF1 stewards issue statement as Max Verstappen penalty changes outcome of Saudi GPApril 20, 2025SportsMarketImagine what would happen if America left the IMFApril 20, 2025MarketSportsBukayo Saka injury update after Ipswich star slammed for ‘ridiculous’ tackleApril 20, 2025SportsTechnologyAre you saying 'thanks', 'please' to ChatGPT? It's costing OpenAI millionsApril 20, 2025TechnologyIndustryNeed separate PLI for compressors, motors; boost to PCB manufacturing: Panasonic India headApril 20, 2025Industry
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