TOP MARGINAL TAX RATE: 1910 - 1934
Top Top Top Top Top
Year Rate Year Rate Year Rate Year Rate Year Rate
---- ---- ---- ---- ---- ---- ---- ---- ---- ----
1910 1915 7 1920 73 1925 25 1930 25
1911 1916 15 1921 73 1926 25 1931 25
1912 1917 67 1922 56 1927 25 1932 63
1913 7 1918 77 1923 56 1928 25 1933 63
1914 7 1919 73 1924 46 1929 24 1934 63
-------------------------------------------------------------------------
EMPLOYER/EMPLOYEE FICA AND TOP MARGINAL TAX RATE: 1935 - 1996
FICA Top FICA Top FICA Top FICA Top
Year Rate Rate Year Rate Rate Year Rate Rate Year Rate Rate
---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ----
1935 63 1955 2.00 91 1975 5.85 1995 7.65 39.6
1936 79 1956 2.00 91 1976 5.85 1996 7.65 39.6
1937 1.00 79 1957 2.25 91 1977 5.85
1938 1.00 79 1958 2.25 91 1978 6.05
1939 1.00 79 1959 2.50 91 1979 6.13
1940 1.00 81.1 1960 3.00 91 1980 6.13
1941 1.00 81 1961 3.00 91 1981 6.65 70
1942 1.00 88 1962 3.125 91 1982 6.70 50
1943 1.00 88 1963 3.625 91 1983 6.70 50
1944 1.00 94 1964 3.625 77 1984 6.70 50
1945 1.00 94 1965 3.625 70 1985 7.05 48
1946 1.00 86.45 1966 4.2 70 1986 7.15
1947 1.00 86.45 1967 4.4 70 1987 7.15
1948 1.00 82.13 1968 4.4 75.25 1988 7.51 33
1949 1.00 82.13 1969 4.80 77 1989 7.51
1950 1.50 84.36 1970 4.80 71.25 1990 7.65 33
1951 1.50 91 1971 5.20 1991 7.65 31
1952 1.50 92 1972 5.20 1992 7.65 31
1953 1.50 92 1973 5.85 1993 7.65 31
1954 2.00 91 1974 5.85 1994 7.65 31
-------------------------------------------------------------------------
Source: FICA Rates - 1994 Mercer Guide to Social Security & Medicare;
Top Marginal Rates - Historical Statistics of the United States,
Colonial Times to 1970; various sources for years after 1970
Note: FICA Rates shown are paid by both the employer and employee
Go to Budget Home Page
