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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: April 2012
Next expected update: Summer 2014
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 5.98
2009 5.42
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 48.7
1935 45.6
1940 42.5
1945 38.3
1950 30.7
1955 22.9
1960 20.3
1965 19.1
1970 19.0
1975 17.7
1980 17.2
1985 17.3
1990 16.8
1995 18.1
2000 17.9
2005 17.9
2010 17.7
2015 18.5
2020 18.6
SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model.