(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:
| 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:
| 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.
The preliminary Code is a preliminary release of the Internal Revenue Code of 1986 (the "Code") by the Office of the Law Revision Counsel and is subject to further revision before it is released again as a final version. The source of the preliminary Code used in TouchTax is available here: https://uscode.house.gov/download/download.shtml. The Code is a consolidation and codification by subject matter of the general and permanent laws of the U.S. prepared by the Office of the Law Revision Counsel of the U.S. House of Representatives. The Treasury Regulations are a codification of the general and permanent rules published in the Federal Register by the departments and agencies of the federal government. The version of the Treasury Regulations available within TouchTax is part of the Electronic Code of Federal Regulations which is not an official legal edition of the Code of Federal Regulations but is an editorial compilation of CFR material and Federal Register amendments produced by the National Archives and Records Administration's Office of the Federal Register (OFR) and the Government Publishing Office. The source of the CFR used in TouchTax is available here: https://www.govinfo.gov/bulkdata/ECFR/title-26. Those using TouchTax for legal research should verify their results against the printed versions of the Code and Treasury Regulations. TouchTax is copyright 2024 by Com-Lab (Mobile). Learn more at http://touchtax.edrich.de.