Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2020-2025, until the rate reaches 13.0 percent for 2025 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
201713.013.013.413.4
201812.912.913.513.5
201912.912.913.713.7
202013.013.113.913.9
202113.013.214.014.0
202213.013.314.314.3
202313.013.414.514.5
202413.113.614.814.8
202513.113.715.115.1
202613.113.715.415.4
202713.213.715.615.6
202813.213.715.915.9
202913.213.816.116.1
203013.213.816.316.3
203113.213.816.416.4
203213.213.816.616.6
203313.213.816.716.7
203413.213.816.816.8
203513.213.816.916.9
203613.213.817.017.0
203713.213.817.017.0
203813.213.817.017.0
203913.213.817.017.0
204013.213.817.017.0
204113.213.816.916.9
204213.213.816.916.9
204313.213.816.816.8
204413.213.816.816.8
204513.213.816.716.7
204613.213.816.716.7
204713.213.816.616.6
204813.213.816.616.6
204913.213.816.616.6
205013.213.816.616.6
205113.213.816.616.5
205213.213.816.616.5
205313.213.816.616.6
205413.213.816.616.6
205513.213.816.616.6
205613.213.816.716.6
205713.213.816.716.7
205813.213.816.716.7
205913.213.816.816.8
206013.313.816.816.8
206113.313.816.916.9
206213.313.816.916.9
206313.313.817.017.0
206413.313.817.017.0
206513.313.817.117.0
206613.313.817.117.1
206713.313.817.217.1
206813.313.917.217.2
206913.313.917.317.3
207013.313.917.317.3
207113.313.917.417.3
207213.313.917.417.4
207313.313.917.417.4
207413.313.917.517.5
207513.313.917.517.5
207613.313.917.517.5
207713.313.917.517.5
207813.313.917.517.5
207913.313.917.517.5
208013.313.917.517.5
208113.313.917.517.5
208213.313.917.517.5
208313.313.917.517.5
208413.313.917.517.5
208513.313.917.617.5
208613.313.917.617.6
208713.313.917.617.6
208813.313.917.717.6
208913.313.917.717.7
209013.313.917.717.7
209113.313.917.817.8
209213.313.917.817.8
back