The Social Security Rate in the United States stands at 15.30 percent. Employee and employer each pay the rate of 7.65 percent which is the sum of the Social Security rate (OASDI) of 6.20 percent and 1.45 percent on Medicare taxes on earnings up to USD132,900 a year.

Social Security Rate in the United States averaged 15.37 percent from 1981 until 2018, reaching an all time high of 16.75 percent in 1981 and a record low of 15.30 percent in 1990. This page provides - United States Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Social Security Rate - values, historical data and charts - was last updated on October of 2020.

Social Security Rate in the United States is expected to reach 15.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Social Security Rate is projected to trend around 15.30 percent in 2021, according to our econometric models.

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United States Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.30 15.30 16.75 15.30 1981 - 2019 percent Yearly

United States Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 21.00 21.00 52.80 1.00 percent [+]
Personal Income Tax Rate 37.00 37.00 39.60 35.00 percent [+]
Sales Tax Rate 0.00 0.00 0.00 0.00 percent [+]
Social Security Rate 15.30 15.30 16.75 15.30 percent [+]
Social Security Rate For Companies 7.65 7.65 10.10 7.65 percent [+]
Social Security Rate For Employees 7.65 7.65 7.65 6.65 percent [+]


United States Social Security Rate
In the United States, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of the United States because they help to pay for many social programs including welfare, health care and many other benefits.