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Population Profiles

  1. Child Beneficiaries
    & Poverty
  2. Marital Status
    & Poverty
  3. Never
    Beneficiaries
  4. Taxable Maximum
    Earners
  5. Veteran
    Beneficiaries

Chart Descriptions - Taxable Maximum Earners

Released: March 2015
Next expected update: 2018
Covered Workers with Earnings Over the Taxable Maximum in a Given Year
Year Percent of covered workers
1937 3.13
1940 3.38
1945 13.71
1950 28.86
1951 24.55
1952 27.87
1953 31.25
1954 31.65
1955 25.62
1956 28.45
1957 29.88
1958 30.57
1959 26.66
1960 28.00
1961 29.20
1962 31.17
1963 32.53
1964 34.50
1965 36.11
1966 24.23
1967 26.36
1968 21.39
1969 24.52
1970 26.02
1971 28.29
1972 25.01
1973 20.28
1974 15.11
1975 15.04
1976 14.94
1977 14.84
1978 15.42
1979 9.97
1980 8.76
1981 7.61
1982 7.09
1983 6.28
1984 6.38
1985 6.48
1986 6.20
1987 6.16
1988 6.55
1989 6.16
1990 5.67
1991 5.63
1992 5.72
1993 5.60
1994 5.44
1995 5.81
1996 6.05
1997 6.17
1998 6.30
1999 6.09
2000 6.18
2001 5.93
2002 5.43
2003 5.50
2004 5.90
2005 6.09
2006 6.05
2007 6.14
2008 6.01
2009 5.45
2010 5.71
2011 6.21
SOURCE: Social Security Administration, Annual Statistical Supplement 2011, Table 4.B1.
In-chart note: Larger fluctuations occurred before 1975 when Congression indexed the taxable threshold to changes in the national average wage index.
Covered Workers Projected to Ever Earn Over the Taxable Maximum
Five-year birth cohort (1930 = born between 1926 and 1930) Percent of covered workers
1930 53.3
1935 47.2
1940 45.5
1945 40.8
1950 32.5
1955 25.1
1960 20.4
1965 19.2
1970 19.0
1975 18.6
1980 17.6
1985 16.0
1990 15.8
1995 16.1
2000 16.5
2005 16.7
2010 16.5
2015 16.3
2020 17.1
SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model.