Proposed Provision: Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2024. Do not provide benefit credit for additional earnings taxed.

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

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201612.912.914.014.0
201712.912.913.713.7
201813.013.013.913.9
201913.013.014.014.0
202013.013.014.114.1
202113.013.014.314.3
202213.013.014.514.5
202313.113.114.814.8
202413.113.315.015.0
202513.113.315.315.3
202613.113.315.515.5
202713.113.315.615.6
202813.213.415.815.8
202913.213.416.016.0
203013.213.416.116.1
203113.213.416.216.2
203213.213.416.316.3
203313.213.416.416.4
203413.213.416.516.5
203513.213.416.516.5
203613.213.416.616.6
203713.213.416.616.6
203813.213.416.616.6
203913.213.416.616.6
204013.213.416.616.6
204113.213.416.616.6
204213.213.416.516.5
204313.213.416.516.5
204413.213.416.516.5
204513.213.416.416.4
204613.213.416.416.4
204713.213.416.416.4
204813.213.416.416.4
204913.213.416.416.4
205013.213.416.416.4
205113.213.416.416.4
205213.213.416.416.4
205313.213.416.416.4
205413.213.416.416.4
205513.213.516.516.5
205613.213.516.516.5
205713.313.516.616.6
205813.313.516.616.6
205913.313.516.716.7
206013.313.516.716.7
206113.313.516.816.8
206213.313.516.816.8
206313.313.516.916.9
206413.313.516.916.9
206513.313.517.016.9
206613.313.517.017.0
206713.313.517.117.1
206813.313.517.117.1
206913.313.517.217.2
207013.313.517.217.2
207113.313.517.317.3
207213.313.517.317.3
207313.313.517.317.3
207413.313.517.417.4
207513.313.517.417.4
207613.313.517.417.4
207713.313.517.417.4
207813.313.517.417.4
207913.313.517.417.4
208013.313.517.417.4
208113.313.517.417.4
208213.313.517.417.4
208313.313.517.417.4
208413.313.517.417.4
208513.313.517.517.5
208613.313.517.517.5
208713.313.517.517.5
208813.313.517.617.6
208913.313.517.617.6
209013.313.517.717.7
209113.313.517.717.7
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