Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2001
Actuarial Study No. 115
Chris Motsiopoulos and Tim Zayatz, A.S.A. |
||
Year |
Employee and employer rates, each |
Self-employed rates |
||||
---|---|---|---|---|---|---|
4.375 |
0.575 |
4.950 |
6.185 |
0.815 |
7.000 |
|
4.375 |
.575 |
4.950 |
6.185 |
.815 |
7.000 |
|
4.375 |
.575 |
4.950 |
6.185 |
.815 |
7.000 |
|
4.275 |
.775 |
5.050 |
6.010 |
1.090 |
7.100 |
|
4.330 |
.750 |
5.080 |
6.010 |
1.040 |
7.050 |
|
4.520 |
.560 |
5.080 |
6.273 |
.777 |
7.050 |
|
4.700 |
.650 |
5.350 |
7.025 |
.975 |
8.000 |
|
4.575 |
.825 |
5.400 |
6.813 |
1.237 |
8.050 |
|
4.775 |
.625 |
5.400 |
7.113 |
.938 |
8.050 |
|
15.200 |
1.500 |
15.700 |
210.400 |
21.000 |
211.400 |
|
5.200 |
.500 |
5.700 |
210.400 |
21.000 |
211.400 |
|
5.200 |
.500 |
5.700 |
210.400 |
21.000 |
211.400 |
|
5.200 |
.500 |
5.700 |
210.400 |
21.000 |
211.400 |
|
5.530 |
.530 |
6.060 |
211.060 |
21.060 |
212.120 |
|
5.530 |
.530 |
6.060 |
211.060 |
21.060 |
212.120 |
|
5.600 |
.600 |
6.200 |
11.200 |
1.200 |
12.400 |
|
5.600 |
.600 |
6.200 |
11.200 |
1.200 |
12.400 |
|
5.600 |
.600 |
6.200 |
11.200 |
1.200 |
12.400 |
|
5.600 |
.600 |
6.200 |
11.200 |
1.200 |
12.400 |
|
5.260 |
.940 |
6.200 |
10.520 |
1.880 |
12.400 |
|
5.260 |
.940 |
6.200 |
10.520 |
1.880 |
12.400 |
|
5.260 |
.940 |
6.200 |
10.520 |
1.880 |
12.400 |
|
5.350 |
.850 |
6.200 |
10.700 |
1.700 |
12.400 |
|
5.350 |
.850 |
6.200 |
10.700 |
1.700 |
12.400 |
|
5.350 |
.850 |
6.200 |
10.700 |
1.700 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
|
5.300 |
.900 |
6.200 |
10.600 |
1.800 |
12.400 |
1 Employees were allowed an immediate credit against their FICA tax liability in 1984 in the following percentages: —OASI 0.2736842 percent; DI, 0.0263158 percent; OASDI, 0.3 percent. 2 Self-employed persons were allowed credit against their FICA tax liability for 1984-89 in the following percentages: —1984: OASI, 2.01 Percent; DI, 0.19 percent; OASDI, 2.2 percent; —1985: OASI, 1.70 Percent; DI, 0.16 percent; OASDI, 1.86 percent; —1986-87: OASI, 1.45 Percent; DI, 0.14 percent; OASDI, 1.59 percent; —1988-89: OASI, 1.47 Percent; DI, 0.14 percent; OASDI, 1.61 percent. |
· OASDI employee and employer rates from Internal Revenue Code, Subtitle C—Employment Taxes, Chapter 21—Federal Insurance Contributions Act, Subchapter A—Tax on Employees, Sec. 3101—Rate of tax, and Subchapter B—Tax on Employers, Sec. 3111—Rate of tax, respectively.
· DI employee-employer rate, combined, from Social Security Act, section 201(b)(1).
· OASDI self-employed rates from Internal Revenue Code, Subtitle A—Income Taxes, Chapter 2—Tax on Self-Employment Income, Sec. 1401—Rate of tax, subsection (a)—Old-Age, Survivors, and Disability Insurance.
· DI self-employed rate from Social Security Act, section 201(b)(2).
· OASI rates implied from OASDI and DI rates.
· OASDI employee credit from Internal Revenue Code, Subtitle C—Employment Taxes, Chapter 25—General Provisions Relating to Employment Taxes, Sec. 3510—Credit for increased social security employee taxes and railroad retirement tier 1 employee taxes imposed during 1984.
· OASDHI self-employed credit from Internal Revenue code, Subtitle A—Income Taxes, Chapter 2—Tax on Self-Employment Income, Sec. 1401—Rate of tax, subsection (c)—Credit Against Taxes Imposed by this Section.
· OASI and DI credit from unpublished Treasury documents.
List of Studies
December 26, 2001