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Summary of Provisions That Would Change the Social Security Program
Solvency Provisions

Description of Proposed Provisions:
Provisions Affecting Payroll Tax Rates

Estimates based on the intermediate assumptions of the 2005 Trustees Report

  Change from present law Results with this provision
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
Present Law, Alternative II.
 -1.92 -5.70
D1 Raise payroll tax rates (for employees and employers combined) by 2.0 percentage points in 2006 and later.
graph | table | pdf-graph | pdf-table 		1.96 2.00 0.04 -3.70
D2 Raise payroll tax rates (for employees and employers combined) by 2.1 percentage points in 2020 (to 14.5% combined) and by an additional 2.1 percentage points in 2050 (to 16.6% combined).
graph | table | pdf-graph | pdf-table 		1.98 4.21 0.05 -1.49
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Last reviewed or modified Tuesday Dec 11, 2007