Historical Data
For the year 2010, the Social Security Wage Base is $106,800. In October 2010, the Social Security Administration announced that the wage base would remain unchanged for 2011. Since 2000, the SSWB has been:
| Year | Wage Base | Increase | Maximum Social Security Employee Share | Maximum Social Security Employer Share | Maximum Total Contribution to Social Security |
|---|---|---|---|---|---|
| 2013 | $113,700 | 3.3% | $7,049.40** | $7,049.40 | $14,098.80 |
| 2012 | $110,100 | 3.1% | $4,624.20* | $6,826.20 | $11,450.40 |
| 2011 | $106,800 | 0.0% | $4,485.60* | $6,621.60 | $11,107.20 |
| 2010 | $106,800 | 0.0% | $6,621.60 | $6,621.60 | $13,243.20 |
| 2009 | $106,800 | 4.7% | $6,621.60 | $6,621.60 | $13,243.20 |
| 2008 | $102,000 | 4.6% | $6,324.00 | $6,324.00 | $12,648.00 |
| 2007 | $97,500 | 3.5% | $6,045.00 | $6,045.00 | $12,090.00 |
| 2006 | $94,200 | 4.7% | $5,840.40 | $5,840.40 | $11,680.80 |
| 2005 | $90,000 | 2.4% | $5,580.00 | $5,580.00 | $11,160.00 |
| 2004 | $87,900 | 1.0% | $5,449.80 | $5,449.80 | $10,899.60 |
| 2003 | $87,000 | 2.5% | $5,394.00 | $5,394.00 | $10,788.00 |
| 2002 | $84,900 | 5.6% | $5,263.80 | $5,263.80 | $10,527.60 |
| 2001 | $80,400 | 5.5% | $4,984.80 | $4,984.80 | $9,969.60 |
| 2000 | $76,200 | $4,724.40 | $4,724.40 | $9,448.80 |
(*) The maximum employee share in 2011 is reduced to $4,485.60, but the maximum employer share remains at $6,621.60. The maximum employee share in 2012 is reduced to $4,624.20, but the maximum employer share remains at $6,826.20. Effectively, this was a 4.2% rate charged to the employee, and 6.2% rate to the employer. This resulted in an approximately 40/60 split but reduced the total contribution. See here for a complete historical list of the Social Security Wage Base.
(**) Since 1990, the employer & employee share has usually been 6.2% each for a 50/50 split of the 12.4% combined total. The changes shown below applied In 2011 and 2012 when the rates were temporarily lowered to 4.2% for the employee (but remained at 6.2% for the employer). In 2013, the employee rate returns to 6.2% for a 50/50 split with the employer and a higher Maximum Contribution. For self-employed people, the 2013 guidance from SSA indicates the full rate OASDI is 12.4% for 2013. See footnote a. at 2013 SSA.gov link. Returning to the traditional 6.2% OASDI employee share for 2013 effectively reduces take home pay by 2% and increases the maximum OASDI contribution by the same amount, returning it to traditional levels. The dip in the maximum OASDI contributions for 2011 and 2012 causes the 2013 rate to appear as a spike, when in fact it is a return to the levels imposed in the years 1990 through 2010.
Read more about this topic: Social Security Wage Base
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