Title 26: Internal Revenue
PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE
Subpart B—Federal Insurance Contributions Act (Chapter 21, Internal Revenue Code of 1954)
Tax on Employers
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§ 31.3111-2 Rates and computation of employer tax.
(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]
