United States Social Security Rate For EmployeesUnited States Social Security Rate For EmployeesUnited States Social Security Rate For Employees

United States Social Security Rate For Employees

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Key data points

Last release
Observation period
2023
Next release
Forecast
Highest
7.65% on Dec 31, 2023
Lowest
6.65% on Dec 31, 1981

About United States Social Security Rate For Employees

Category
Taxes
Frequency
Annual
Units
%
In the United States, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Employees are an important source of income for the government of the United States because they help to pay for many social programs including welfare, health care and many other benefits.