MAXIMUM SOCIAL SECURITY TAXES ADJUSTED FOR INFLATION
Employee Max. tax Total Total
Tax maximum in 1987 maximum of 1987
Year rate tax dollars tax dollars Deflatr
---- ----- -------- -------- -------- -------- -------
1940 1.000 30.00 306.75 30.00 306.75 0.0978
1941 1.000 30.00 297.32 60.00 604.07 0.1009
1942 1.000 30.00 269.06 90.00 873.13 0.1115
1943 1.000 30.00 250.21 120.00 1123.34 0.1199
1944 1.000 30.00 258.62 150.00 1381.96 0.1160
1945 1.000 30.00 262.93 180.00 1644.89 0.1141
1946 1.000 30.00 251.47 210.00 1896.35 0.1193
1947 1.000 30.00 200.53 240.00 2096.89 0.1496
1948 1.000 30.00 194.43 270.00 2291.32 0.1543
1949 1.000 30.00 189.63 300.00 2480.95 0.1582
1950 1.500 45.00 275.40 345.00 2756.35 0.1634
1951 1.500 54.00 339.20 399.00 3095.54 0.1592
1952 1.500 54.00 331.90 453.00 3427.44 0.1627
1953 1.500 54.00 315.42 507.00 3742.86 0.1712
1954 2.000 72.00 407.93 579.00 4150.79 0.1765
1955 2.000 84.00 466.41 663.00 4617.20 0.1801
1956 2.000 84.00 440.48 747.00 5057.68 0.1907
1957 2.250 94.50 468.52 841.50 5526.20 0.2017
1958 2.250 94.50 444.92 936.00 5971.12 0.2124
1959 2.500 120.00 533.57 1056.00 6504.69 0.2249
1960 3.000 144.00 612.51 1200.00 7117.19 0.2351
1961 3.000 144.00 598.26 1344.00 7715.45 0.2407
1962 3.125 150.00 612.24 1494.00 8327.69 0.2450
1963 3.625 174.00 683.96 1668.00 9011.66 0.2544
1964 3.625 174.00 670.26 1842.00 9681.92 0.2596
1965 3.625 174.00 656.60 2016.00 10338.52 0.2650
1966 4.200 277.20 1014.64 2293.20 11353.16 0.2732
1967 4.400 290.40 1032.35 2583.60 12385.51 0.2813
1968 4.400 343.20 1172.53 2926.80 13558.04 0.2927
1969 4.800 374.40 1210.87 3301.20 14768.91 0.3092
1970 4.800 374.40 1140.77 3675.60 15909.68 0.3282
1971 5.200 405.60 1156.21 4081.20 17065.89 0.3508
1972 5.200 468.00 1252.68 4549.20 18318.57 0.3736
1973 5.850 631.80 1595.05 5181.00 19913.62 0.3961
1974 5.850 772.20 1792.90 5953.20 21706.52 0.4307
1975 5.850 824.85 1733.61 6778.05 23440.12 0.4758
1976 5.850 895.05 1755.69 7673.10 25195.81 0.5098
1977 5.850 965.25 1747.69 8638.35 26943.50 0.5523
1978 6.050 1070.85 1806.43 9709.20 28749.93 0.5928
1979 6.130 1403.77 2179.09 11112.97 30929.02 0.6442
1980 6.130 1587.67 2235.53 12700.64 33164.55 0.7102
1981 6.650 1975.05 2526.61 14675.69 35691.15 0.7817
1982 6.700 2170.80 2593.86 16846.49 38285.01 0.8369
1983 6.700 2391.90 2725.50 19238.39 41010.51 0.8776
1984 6.700 2532.60 2775.45 21770.99 43785.97 0.9125
1985 7.050 2791.80 2953.66 24562.79 46739.63 0.9452
1986 7.150 3003.00 3084.75 27565.79 49824.37 0.9735
1987 7.150 3131.70 3131.70 30697.49 52956.07 1.0000
1988 7.510 3379.50 3261.75 34076.99 56217.82 1.0361
1989 7.510 3604.80 3333.76 37681.79 59551.59 1.0813
1990 7.650 3924.45 3478.51 41606.24 63030.09 1.1282
1991 7.650 5123.30 4348.04 46729.54 67378.14 1.1783
1992 7.650 5328.90 4374.05 52058.44 71752.18 1.2183
1993 7.650 5528.70 4418.36 57587.14 76170.55 1.2513
Source: 1993 Mercer Guide to Social Security & Medicare
(first 3 columns); Budget of the U.S. Government,
FY 1996, Historical Tables, table 10.1 (deflator)
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