Proposed Provision: Apply 3 percent payroll tax rate on earnings over $300,000 in 2018, with the $300,000 threshold wage-indexed after 2018. Give proportional benefit credit for additional earnings in AIME for benefit computation.

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
201613.013.013.113.1
201713.013.013.313.3
201813.013.313.513.5
201913.013.313.813.8
202013.013.414.114.1
202113.113.414.514.5
202213.113.414.714.7
202313.113.415.015.0
202413.113.415.315.3
202513.113.415.515.5
202613.113.515.815.8
202713.213.516.016.0
202813.213.516.116.1
202913.213.516.316.3
203013.213.516.416.4
203113.213.516.516.5
203213.213.516.616.6
203313.213.516.716.7
203413.213.516.716.7
203513.213.516.716.8
203613.213.516.716.8
203713.213.516.716.8
203813.213.516.716.8
203913.213.516.716.7
204013.213.516.616.7
204113.213.516.616.6
204213.213.516.616.6
204313.213.516.516.6
204413.213.516.516.5
204513.213.516.416.5
204613.213.516.416.5
204713.213.516.416.5
204813.213.516.416.4
204913.213.616.416.4
205013.213.616.316.4
205113.213.616.316.4
205213.213.616.316.4
205313.213.616.316.4
205413.213.616.316.4
205513.213.616.416.5
205613.213.616.416.5
205713.213.616.416.5
205813.213.616.416.5
205913.213.616.516.6
206013.213.616.516.6
206113.213.616.516.6
206213.213.616.516.7
206313.213.616.616.7
206413.313.616.616.7
206513.313.616.616.7
206613.313.616.716.8
206713.313.616.716.8
206813.313.616.716.9
206913.313.616.816.9
207013.313.616.816.9
207113.313.616.817.0
207213.313.616.917.0
207313.313.616.917.1
207413.313.617.017.1
207513.313.617.017.2
207613.313.617.117.2
207713.313.617.117.3
207813.313.617.217.3
207913.313.617.217.4
208013.313.617.317.4
208113.313.617.317.5
208213.313.617.317.5
208313.313.617.417.5
208413.313.717.417.6
208513.313.717.517.6
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