The Social Security Rate in the United States stands at 15.30 percent. Employee and employer each pay the rate of 7.65 percent which is the sum of the Social Security rate (OASDI) of 6.20 percent and 1.45 percent on Medicare taxes on earnings up to USD128,400 a year. Social Security Rate in the United States averaged 15.37 percent from 1981 until 2018, reaching an all time high of 16.75 percent in 1981 and a record low of 15.30 percent in 1990.
Social Security Rate in the United States is expected to be 15.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Social Security Rate is projected to trend around 15.30 percent in 2020, according to our econometric models.