The Social Security Rate For Employees in the United States stands at 7.65 percent in 2019. The 7.65 percent tax rate is the combined rate for Social Security and Medicare. The Social Security portion (OASDI) is 6.20 percent on earnings up to USD132,900. The Medicare portion (HI) is 1.45 percent on all earnings.

Social Security Rate For Employees in the United States averaged 7.41 percent from 1981 until 2018, reaching an all time high of 7.65 percent in 1990 and a record low of 5.65 percent in 2011. This page provides - United States Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Social Security Rate For Employees - values, historical data and charts - was last updated on March of 2021.

Social Security Rate For Employees in the United States is expected to reach 7.65 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 For Employees is projected to trend around 7.65 percent in 2021, according to our econometric models.

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United States Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
7.65 7.65 7.65 6.65 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 For Employees
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 For Employees 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.