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TeachMeFinance.com - explain Tax Rate Tax Rate The term 'Tax Rate ' as it applies to the area of Medicare in the United States can be defined as ' The percentage of taxable earnings, up to the maximum tax base, that is paid for the HI tax. Currently, the percentages are 1.45 for employees and employers, each. The self-employed pay 2.9 percent'. Previous 5 Terms: tauriform taurine tauromorphous tawny Tax And Donations Next 5 Terms: Taxable Earnings Taxable Payroll Taxable Self-Employment Income Taxable Wages taxaceous About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.