Proposed Provision: Raise the payroll tax rates gradually (for employees and employers combined) by 0.1 percentage points in 2016; continue this increase each year for 20 years. By 2035, the combined employee and employer payroll tax rate would be 14.4 percent.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201012.312.313.113.1
201112.912.913.013.0
201212.912.912.812.8
201312.912.912.812.8
201412.912.912.912.9
201512.912.913.013.0
201613.013.113.113.1
201713.013.213.313.3
201813.013.313.513.5
201913.013.413.813.8
202013.013.514.114.1
202113.113.614.514.5
202213.113.714.714.7
202313.113.915.015.0
202413.114.015.315.3
202513.114.115.515.5
202613.114.215.815.8
202713.214.316.016.0
202813.214.416.116.1
202913.214.516.316.3
203013.214.616.416.4
203113.214.716.516.5
203213.214.816.616.6
203313.214.916.716.7
203413.215.016.716.7
203513.215.116.716.7
203613.215.116.716.7
203713.215.116.716.7
203813.215.116.716.7
203913.215.116.716.7
204013.215.116.616.6
204113.215.116.616.6
204213.215.116.616.5
204313.215.116.516.5
204413.215.116.516.5
204513.215.116.416.4
204613.215.116.416.4
204713.215.116.416.4
204813.215.116.416.3
204913.215.116.416.3
205013.215.116.316.3
205113.215.116.316.3
205213.215.116.316.3
205313.215.116.316.3
205413.215.116.316.3
205513.215.116.416.3
205613.215.116.416.4
205713.215.116.416.4
205813.215.116.416.4
205913.215.116.516.4
206013.215.116.516.4
206113.215.116.516.5
206213.215.216.516.5
206313.215.216.616.5
206413.315.216.616.5
206513.315.216.616.6
206613.315.216.716.6
206713.315.216.716.6
206813.315.216.716.7
206913.315.216.816.7
207013.315.216.816.7
207113.315.216.816.8
207213.315.216.916.8
207313.315.216.916.9
207413.315.217.016.9
207513.315.217.017.0
207613.315.217.117.0
207713.315.217.117.1
207813.315.217.217.1
207913.315.217.217.1
208013.315.217.317.2
208113.315.217.317.2
208213.315.217.317.3
208313.315.217.417.3
208413.315.217.417.4
208513.315.217.517.4
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