(a) Old-age, survivors, and disability insurance. The rates of employer tax for old-age, survivors, and disability insurance with respect to wages paid in calendar years after 1954 are as follows:
Calendar year
| Percent
|
---|
1955 and 1956 | 2
|
1957 and 1958 | 2.25
|
1959 | 2.5
|
1960 and 1961 | 3
|
1962 | 3.125
|
1963 to 1965, both inclusive | 3.625
|
1966 | 3.85
|
1967 | 3.9
|
1968 | 3.8
|
1969 and 1970 | 4.2
|
1971 and 1972 | 4.6
|
1973 | 4.85
|
1974 to 2010, both inclusive | 4.95
|
2011 and subsequent calendar years | 5.95 |
(b) Hospital insurance. The rates of employer tax for hospital insurance with respect to wages paid in calendar years after 1965 are as follows:
Calendar year
| Percent
|
---|
1966 | 0.35
|
1967 | .50
|
1968 to 1972, both inclusive | .60
|
1973 | 1.0
|
1974 to 1977, both inclusive | 0.90
|
1978 to 1980, both inclusive | 1.10
|
1981 to 1985, both inclusive | 1.35
|
1986 and subsequent calendar years | 1.50 |
(c) Computation of employer tax. The employer tax is computed by applying to the wages paid by the employer the rate in effect at the time such wages are paid.
[T.D. 6983, 33 FR 18014, Dec. 4, 1968, as amended by T.D. 7374, 40 FR 30948, July 24, 1975]
source: T.D. 6516, 25 FR 13032, Dec. 20, 1960; 25 FR 14021, Dec. 31, 1960, unless otherwise noted.
cite as: 26 CFR 31.3111-2