Appendix D: (Continued)
Maximum-Wage Worker ($65,400.00)
(Maximum Wage Subject to OASI Tax)
High-Wage Worker ($42,770.94)
Year of
Social
Year of
Social
Birth
Security
Equity
Balanced
Birth
Security
Equity
Balanced
1930
6.55%
9.64%
8.73%
1930
7.08%
9.67%
8.72%
1931
6.47%
10.55%
9.65%
1931
7.01%
10.51%
9.58%
1932
6.37%
10.88%
9.75%
1932
7.03%
10.83%
9.68%
1933
6.11%
10.81%
9.68%
1933
6.68%
10.76%
9.63%
1934
5.93%
10.72%
9.61%
1934
6.53%
10.69%
9.57%
1935
5.84%
10.70%
9.60%
1935
6.44%
10.68%
9.56%
1936
5.72%
10.64%
9.53%
1936
6.33%
10.63%
9.51%
1937
5.60%
10.59%
9.48%
1937
6.21%
10.59%
9.47%
1938
5.42%
10.78%
9.64%
1938
6.05%
10.77%
9.63%
1939
5.27%
10.75%
9.57%
1939
5.91%
10.71%
9.57%
1940
5.18%
10.75%
9.56%
1940
5.81%
10.75%
9.58%
1941
4.85%
10.68%
9.48%
1941
5.51%
10.68%
9.52%
1942
4.52%
10.61%
9.42%
1942
5.22%
10.63%
9.47%
1943
4.54%
10.17%
9.00%
1943
5.19%
10.23%
9.06%
1944
4.47%
10.14%
8.97%
1944
5.12%
10.21%
9.03%
1945
4.40%
10.10%
8.91%
1945
5.05%
10.17%
8.99%
1946
4.34%
10.07%
8.88%
1946
4.98%
10.15%
8.96%
1947
4.28%
10.04%
8.85%
1947
4.92%
10.13%
8.93%
1948
4.22%
10.02%
8.82%
1948
4.87%
10.12%
8.91%
1949
4.17%
10.00%
8.78%
1949
4.81%
10.10%
8.87%
1950
4.11%
9.94%
8.71%
1950
4.76%
10.05%
8.81%
1951
4.05%
9.90%
8.67%
1951
4.71%
10.02%
8.77%
1952
4.00%
9.87%
8.63%
1952
4.66%
9.99%
8.73%
1953
3.95%
9.84%
8.59%
1953
4.63%
9.96%
8.69%
1954
3.91%
9.75%
8.52%
1954
4.60%
9.86%
8.61%
1955
4.17%
10.03%
8.80%
1955
4.79%
10.18%
8.93%
1956
4.09%
10.02%
8.81%
1956
4.73%
10.17%
8.93%
1957
4.00%
9.91%
8.70%
1957
4.68%
10.02%
8.80%
1958
3.92%
10.05%
8.86%
1958
4.62%
10.13%
8.93%
1959
3.86%
10.05%
8.87%
1959
4.57%
10.11%
8.93%
1960
3.83%
9.40%
8.27%
1960
4.56%
9.42%
8.29%
1961
3.82%
9.34%
8.20%
1961
4.56%
9.35%
8.21%
1962
3.81%
9.24%
8.11%
1962
4.55%
9.25%
8.12%
1963
3.81%
9.22%
8.09%
1963
4.55%
9.22%
8.10%
1964
3.81%
9.15%
8.03%
1964
4.55%
9.15%
8.03%
1965
3.86%
9.09%
7.98%
1965
4.60%
9.09%
7.99%
1966
3.87%
8.94%
7.84%
1966
4.60%
8.94%
7.84%
1967
3.87%
8.88%
7.79%
1967
4.61%
8.88%
7.79%
1968
3.87%
8.81%
7.73%
1968
4.62%
8.81%
7.73%
1969
3.88%
8.76%
7.69%
1969
4.63%
8.76%
7.69%
1970
3.94%
8.70%
7.64%
1970
4.68%
8.69%
7.64%
1971
3.95%
8.64%
7.61%
1971
4.69%
8.64%
7.60%
1972
3.87%
8.88%
7.79%
1972
4.61%
8.88%
7.79%
1973
3.87%
8.81%
7.73%
1973
4.62%
8.81%
7.73%
1974
3.88%
8.76%
7.69%
1974
4.63%
8.76%
7.69%
1975
4.01%
8.47%
7.51%
1975
4.75%
8.47%
7.51%
1976
4.01%
8.47%
7.50%
1976
4.75%
8.46%
7.50%
Internal rate of return calculations assume payments equal to OASI, employee and employer tax, and benefit payments from the
normal retirement age to the Social Security Administration's projection of life expectancy at age 65. Market assumptions are the
same as those used previously.
27