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Tax changes in 1981 raise Social Security tax and food aid
The 1981 tax year brings a Social Security tax hike, increasing withholding from 6.13 to 6.65 percent and a higher wage cap, while benefits for recipients rise to $5,500 allowed earnings. Food stamp benefits gain 11 percent affecting about 22 million people. Minimum wage climbs to $3.35, and Medicare deductibles rise. Various rates including mail, passport, and park camping fees also increase.
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