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Population Profiles

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    & Poverty
  2. Marital Status
    & Poverty
  3. Never
    Beneficiaries
  4. Taxable Maximum
    Earners
  5. Veteran
    Beneficiaries

Taxable Maximum Earners

Released: March 2015
Next expected update: 2018
  • Every year, roughly 6 percent of covered workers have earnings above the taxable maximum.
  • Almost 20 percent of current and future covered workers are projected to have earnings above the taxable maximum in at least one year.
  • More than 60 percent of aged beneficiaries in 2050 who are projected to have earnings over the taxable maximum will be in the highest shared earnings quintile.
Covered Workers with Earnings Over the Taxable Maximum in a Given Year
Line chart linked to data in table format. NOTE: Larger fluctuations occurred before 1975 when Congress indexed the taxable threshold to changes in the national average wage index.
SOURCE: Social Security Administration, Annual Statistical Supplement 2013, Table 4.B1.
Covered Workers Projected to Ever Earn Over the Taxable Maximum
Line chart linked to data in table format.
Distribution of the Population Aged 60 or Older Ever Earning Over the Taxable Maximum, 2050
Percentage by lifetime shared earnings
Pie chart. Five slices. 64.3%, highest quintile. 24.6%, second highest quintile. 7.9%, middle quintile. 2.8%, second lowest quintile. 0.5%, lowest quintile.
NOTES: Lifetime shared earnings are the wage-indexed value of shared lifetime total earnings. Shared earnings are the same as individual earnings except that the earnings for married couples are "shared," that is the sum of the married couple's earnings are divided in half and each half is attributed to one of the spouses.