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Table III.A1. - Contribution Rates for the OASDI and HI Programs
[In percent]
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Employees and employers,
each Self employed
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Com- Com-
Calendar years OASDI HI bined OASDI HI bined
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1966............. 3.85 0.35 4.20 5.80 0.35 6.15
1967............. 3.90 .50 4.40 5.90 .50 6.40
1968............. 3.80 .60 4.40 5.80 .60 6.40
1969-70.......... 4.20 .60 4.80 6.30 .60 6.90
1971-72.......... 4.60 .60 5.20 6.90 .60 7.50
1973............. 4.85 1.00 5.85 7.00 1.00 8.00
1974-77.......... 4.95 .90 5.85 7.00 .90 7.90
1978............. 5.05 1.00 6.05 7.10 1.00 8.10
1979-80.......... 5.08 1.05 6.13 7.05 1.05 8.10
1981............. 5.35 1.30 6.65 8.00 1.30 9.30
1982-83.......... 5.40 1.30 6.70 8.05 1.30 9.35
1984 1/.......... 5.70 1.30 7.00 11.40 2.60 14.00
1985 1/.......... 5.70 1.35 7.05 11.40 2.70 14.10
1986-87 1/....... 5.70 1.45 7.15 11.40 2.90 14.30
1988-89 1/....... 6.06 1.45 7.51 12.12 2.90 15.02
1990 and later... 6.20 1.45 7.65 12.40 2.90 15.30
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1/ See footnote 1 under table II.B1 in the section entitled "Description of the
Trust Funds" for a description of tax credits allowed against the combined
OASDI and HI taxes on net earnings from self-employment in 1984-89. |