Social Security (United States)
History
Social Security Timeline 1935 The 37-page Social Security Act signed August 14 by President Franklin D. Roosevelt.

Social Security (United States)

Section Title: History
Table Section Text: Social Security Timeline 1935 The 37-page Social Security Act signed August 14 by President Franklin D. Roosevelt.

Historical Social Security Tax Rates Maximum Salary FICA or SECA taxes paid on

Year	Maximum Earnings taxed	OASDI Tax rate	Medicare Tax Rate	Year	Maximum Earnings taxed	OASDI Tax rate	Medicare Tax Rate

1937	3,000	2%	—	1978	17,700	10.1%	2.0%

1938	3,000	2%	—	1979	22,900	10.16%	2.1%

1939	3,000	2%	—	1980	25,900	10.16%	2.1%

1940	3,000	2%	—	1981	29,700	10.7%	2.6%

1941	3,000	2%	—	1982	32,400	10.8%	2.6%

1942	3,000	2%	—	1983	35,700	10.8%	2.6%

1943	3,000	2%	—	1984	37,800	11.4%	2.6%

1944	3,000	2%	—	1985	39,600	11.4%	2.7%

1945	3,000	2%	—	1986	42,000	11.4%	2.9%

1946	3,000	2%	—	1987	43,800	11.4%	2.9%

1947	3,000	2%	—	1988	45,000	12.12%	2.9%

1948	3,000	2%	—	1989	48,000	12.12%	2.9%

1949	3,000	2%	—	1990	51,300	12.4%	2.9%

1950	3,000	3%	—	1991	53,400	12.4%	2.9%

1951	3,600	3%	—	1992	55,500	12.4%	2.9%

1952	3,600	3%	—	1993	57,600	12.4%	2.9%

1953	3,600	3%	—	1994	60,600	12.4%	2.9%

1954	3,600	4%	—	1995	61,200	12.4%	2.9%

1955	4,200	4%	—	1996	62,700	12.4%	2.9%

1956	4,200	4%	—	1997	65,400	12.4%	2.9%

1957	4,200	4.5%	—	1998	68,400	12.4%	2.9%

1958	4,200	4.5%	—	1999	72,600	12.4%	2.9%

1959	4,800	5%	—	2000	76,200	12.4%	2.9%

1960	4,800	6%	—	2001	80,400	12.4%	2.9%

1961	4,800	6%	—	2002	84,900	12.4%	2.9%

1962	4,800	6.25%	—	2003	87,000	12.4%	2.9%

1963	4,800	7.25%	—	2004	87,900	12.4%	2.9%

1964	4,800	7.25%	—	2005	90,000	12.4%	2.9%

1965	4,800	7.25%	—	2006	94,200	12.4%	2.9%

1966	6,600	7.7%	0.7%	2007	97,500	12.4%	2.9%

1967	6,600	7.8%	1.0%	2008	102,000	12.4%	2.9%

1968	7,800	7.6%	1.2%	2009	106,800	12.4%	2.9%

1969	7,800	8.4%	1.2%	2010	106,800	12.4%	2.9%

1970	7,800	8.4%	1.2%	2011	106,800	10.4%	2.9%

1971	7,800	9.2%	1.2%	2012	110,100	10.4%	2.9%

1972	9,000	9.2%	1.2%	2013	113,700	12.4%	2.9%

1973	10,800	9.7%	2.0%	2014	117,000	12.4%	2.9%

1974	13,200	9.9%	1.8%	2015	118,500	12.4%	2.9%

1975	14,100	9.9%	1.8%	2016	118,500	12.4%	2.9%

1976	15,300	9.9%	1.8%	2017	127,200	12.4%	2.9%

1977	16,500	9.9%	1.8%	2018	128,400	12.4%	2.9%

Notes: Tax rate is the sum of the OASDI and Medicare rate for employers and workers. In 2011 and 2012, the OASDI tax rate on workers was set temporarily to 4.2% while the employers OASDI rate remained at 6.2% giving 10.4% total rate.

Sentence(s)

Workers pay 12.4% on income under $113,700 and a 2.9% Medicare tax on all income.

final_sentence: Workers pay 12.4% on income under $113,700 and a 2.9% Medicare tax on all income.