What are THE Soc security taxes if you make a million dollars a year?

In the United States, Social Security taxes are levied at a rate of 6.2% on earned income, but there is a wage base limit, which for 2023 is $160,200. This means that you would only pay Social Security taxes on the first $160,200 of your million-dollar income, resulting in a maximum tax of approximately $9,932. Additionally, there is a Medicare tax of 1.45% on all earnings, which would apply to the entire million dollars, resulting in a Medicare tax of $14,500. If your income exceeds $200,000, an additional 0.9% Medicare surtax applies, further increasing your Medicare tax liability.