Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2024-2047, until the rate reaches 14.8 percent in 2047. Then increase the payroll tax rate an additional 0.1 percentage point in each year from 2086-2090, until the rate reaches 15.3 percent for 2090 and later.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202013.013.013.913.9
202112.912.914.014.0
202212.912.914.214.2
202312.912.914.414.4
202413.013.114.614.6
202513.013.214.914.9
202613.113.415.115.1
202713.113.515.315.3
202813.213.715.615.6
202913.213.815.815.8
203013.213.916.016.0
203113.314.016.216.2
203213.314.116.316.3
203313.314.216.516.4
203413.314.316.616.5
203513.314.416.616.6
203613.314.516.716.7
203713.314.616.716.7
203813.314.716.816.8
203913.314.816.816.8
204013.314.916.816.8
204113.315.016.916.8
204213.315.116.916.9
204313.315.216.816.8
204413.315.316.816.8
204513.315.416.816.8
204613.315.516.816.8
204713.315.616.816.8
204813.315.616.816.8
204913.315.616.816.8
205013.315.616.816.8
205113.315.616.816.8
205213.315.616.816.8
205313.315.616.816.8
205413.315.616.916.8
205513.315.616.916.9
205613.315.616.916.9
205713.315.617.016.9
205813.315.617.017.0
205913.415.617.117.0
206013.415.617.117.1
206113.415.617.217.2
206213.415.617.317.2
206313.415.617.317.3
206413.415.717.417.3
206513.415.717.517.4
206613.415.717.517.5
206713.415.717.617.5
206813.415.717.717.6
206913.415.717.717.7
207013.415.717.817.7
207113.415.717.917.8
207213.415.717.917.9
207313.415.718.017.9
207413.415.718.018.0
207513.415.718.118.0
207613.415.718.118.0
207713.415.718.118.1
207813.415.718.218.1
207913.415.718.218.1
208013.415.718.118.1
208113.415.718.118.0
208213.415.718.118.0
208313.415.718.118.0
208413.415.718.018.0
208513.415.718.017.9
208613.415.818.017.9
208713.415.917.917.8
208813.416.017.917.8
208913.416.117.917.8
209013.416.217.917.8
209113.416.217.917.8
209213.416.217.917.8
209313.416.217.917.8
209413.416.217.917.9
209513.416.218.017.9
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