Identification Number:
RS 01404 TN 18
Intended Audience:See Transmittal Sheet
Originating Office:ORDP OISP
Title:Wage Development
Type:POMS Transmittals
Program:All Programs
Link To Reference:
 

PROGRAM OPERATIONS MANUAL SYSTEM
Part RS – Retirement and Survivors Insurance
Chapter 014 – Wages
Subchapter 04 – Wage Development
Transmittal No. 18, 11/21/2018

Audience

PSC: CA, CS, ICDS, IES, ISRA, RECONR, SCPS, TSA, TST;
OCO-OEIO: CR, CTE, FCR, FDE, RECONE, RECONR;
OCO-ODO: CR, CST, CTE, CTE TE, DE, DEC, DS, RECONE;
OEO: WBDOCPA;
FO/TSC: CS, CS TII, CSR, CTE, DRT, FR, OA, OS, RR, TA, TSC-CSR;

Originating Component

OISP

Effective Date

Upon Receipt

Background

Quick Action Transmittal - Does not change policy or procedure. We are updating this section to reflect the new Social Security maximum contribution amount for 2019.

Summary of Changes

RS 01404.300 Maximum Contribution of Social Security Employment Taxes Paid By Employee

We are updating the chart to reflect the 2019 Social Security maximum contribution amount.

RS 01404.300 Maximum Contribution of Social Security Employment Taxes Paid By Employee

Year Tax Rate % Maximum Wages
Taxable
Maximum Annual
Contributions
1937 1.0 $3,000.00 $ 30.00
1938 1.0  3,000.00   30.00
1939 1.0  3,000.00   30.00
1940 1.0  3,000.00   30.00
1941 1.0  3,000.00   30.00
1942 1.0  3,000.00   30.00
1943 1.0  3,000.00   30.00
1944 1.0  3,000.00   30.00
1945 1.0  3,000.00   30.00
1946 1.0  3,000.00   30.00
1947 1.0  3,000.00   30.00
1948 1.0  3,000.00   30.00
1949 1.0  3,000.00   30.00
1950 1.5  3,000.00   45.00
1951 1.5  3,600.00   54.00
1952 1.5  3,600.00   54.00
1953 1.5  3,600.00   54.00
1954 2.0  3,600.00   72.00
1955 2.0  4,200.00   84.00
1956 2.0  4,200.00   84.00
1957 2.25  4,200.00   94.50
1958 2.25  4,200.00   94.50
1959 2.5  4,800.00  120.00
1960 3.0  4,800.00  144.00
1961 3.0  4,800.00  144.00
1962 3.125  4,800.00  150.00
1963 3.625  4,800.00  174.00
1964 3.625  4,800.00  174.00
1965 3.625  4,800.00  174.00
1966 4.2  6,600.00  277.20
1967 4.4  6,600.00  290.40
1968 4.4  7,800.00  343.20
1969 4.8  7,800.00  374.40
1970 4.8  7,800.00  374.40
1971 5.2  7,800.00  405.60
1972 5.2  9,000.00  468.00
1973 5.85 10,800.00  631.80
1974 5.85 13,200.00  772.20
1975 5.85 14,100.00  824.85
1976 5.85 15,300.00  895.05
1977 5.85 16,500.00  965.25
1978 6.05 17,700.00 1,070.85
1979 6.13 22,900.00 1,403.77
1980 6.13 25,900.00 1,587.67
1981 6.65 29,700.00 1,975.05
1982 6.70 32,400.00 2,170.80
1983 6.70 35,700.00 2,391.90
1984 6.70 37,800.00 2,532.60
1985 7.05 39,600.00 2,791.80
1986 7.15 42,000.00 3,003.00
1987 7.15  43,800.00 3,131.70
1988 7.51  45,000.00 3,379.50
1989 7.51  48,000.00 3,604.80
1990 7.65  51,300.00 3,924.45
1991 6.20 (OASDI)  53,400.00 3,310.80
1.45 (HI) 125,000.00 1,812.50
1992 6.20 (OASDI) 55,500.00  3,441.00
1.45 (HI) 130,200.00 1,887.90
1993 6.20 (OASDI) 57,600.00  3,571.20
1.45 (HI) 135,000.00 1,957.50
1994 6.20 (OASDI) 60,600.00  3,757.20
1.45 (HI) No Limit No Limit
1995 6.20 (OASDI) 61,200.00  3,794.40
1.45 (HI) No Limit No Limit
1996 6.20 (OASDI) 62,700.00  3,887.40
1.45 (HI) No Limit No Limit
1997 6.20 (OASDI) 65,400.00  4,054.80
1.45 (HI) No Limit No Limit
1998 6.20 (OASDI) 68,400.00  4,240.80
1.45(HI) No Limit No Limit
1999 6.20 (OASDI) 72,600 4,501.20
1.45 (HI) No Limit No Limit
2000 6.20 (OASDI) 76,200 4,724.40
1.45 (HI) No Limit No Limit
2001 6.20 (OASDI) 80,400 4,984.80
1.45 (HI) No Limit No Limit
2002 6.20 (OASDI) 84,900 5,263.80
1.45 (HI) No Limit No Limit
2003 6.20 (OASDI) 87,000 5,394.00
1.45 (HI) No Limit No Limit
2004 6.20 (OASDI) 87,900 5,449.80
1.45 (HI) No Limit No Limit
2005 6.20 (OASDI) 90,000 5,580.00
1.45 (HI) No Limit No Limit

2006

6.20 (OASDI)

94,200

5,840.40

1.45 (HI)

No Limit

No Limit

2007

6.20 (OASDI)

97,500

6,045.00

1.45 (HI)

No Limit

No Limit

2008

6.20 (OASDI)

102,000

6,324.00

1.45 (HI)

No Limit

No Limit

2009–2010

6.20 (OASDI)

106,800

6,621.60

1.45 (HI)

No Limit

No Limit

2011

4.20 (OASDI)

106.800

4,485.60

1.45 (HI)

No Limit

No Limit

2012

4.20 (OASDI)

110,100

4624.20

1.45 (HI)

No Limit

No Limit

2013

6.20 (OASDI)

113,700

7049.40

1.45 (HI)

No Limit

No Limit

2014

6.20 (OASDI)

117,000

7254.00

1.45 (HI)

No Limit

No Limit

2015–2016

6.20 (OASDI)

118,500

7347.00

1.45 (HI)

No Limit

No Limit

2017

6.20 (OASDI)

127,200

7886.40

1.45 (HI)

No Limit

No Limit

2018

 

2019

6.20 (OASDI)

128,400

7960.80

1.45 (HI)

No Limit

No Limit

6.20 (OASDI) 132,900 8239.80
1.45 (HI) No Limit No Limit

NOTE: For 1984, the employee portion of the tax contribution was added to by 0.30 percent from general tax revenues to equal the 7.00 percent paid by employers, whose maximum annual contribution was $2,646.00. In 2011, the employee portion of the OASDI tax contribution was reduced to 4.20 percent.


RS 01404 TN 18 - Wage Development - 11/21/2018