Proposed Provision: E3.13. Beginning in 2025, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $548,700 in 2025), with the threshold wage-indexed after 2025. 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 Current Law Provision Current Law Provision
201713.013.013.413.4
201812.912.913.513.5
201912.912.913.713.7
202013.013.013.913.9
202113.013.014.014.0
202213.013.014.314.3
202313.013.014.514.5
202413.113.114.814.8
202513.113.315.115.1
202613.113.315.415.4
202713.213.315.615.6
202813.213.315.915.9
202913.213.316.116.1
203013.213.416.316.3
203113.213.416.416.4
203213.213.416.616.6
203313.213.416.716.7
203413.213.416.816.8
203513.213.416.916.9
203613.213.417.017.0
203713.213.417.017.0
203813.213.417.017.0
203913.213.417.017.0
204013.213.417.017.0
204113.213.416.916.9
204213.213.416.916.9
204313.213.416.816.8
204413.213.416.816.8
204513.213.416.716.7
204613.213.416.716.7
204713.213.416.616.6
204813.213.416.616.6
204913.213.416.616.6
205013.213.416.616.6
205113.213.416.616.6
205213.213.416.616.6
205313.213.416.616.6
205413.213.416.616.6
205513.213.416.616.6
205613.213.416.716.7
205713.213.416.716.7
205813.213.416.716.7
205913.213.416.816.8
206013.313.416.816.8
206113.313.416.916.9
206213.313.416.916.9
206313.313.417.017.0
206413.313.417.017.0
206513.313.417.117.1
206613.313.417.117.1
206713.313.417.217.2
206813.313.417.217.2
206913.313.517.317.3
207013.313.517.317.3
207113.313.517.417.4
207213.313.517.417.4
207313.313.517.417.4
207413.313.517.517.5
207513.313.517.517.5
207613.313.517.517.5
207713.313.517.517.5
207813.313.517.517.5
207913.313.517.517.5
208013.313.517.517.5
208113.313.517.517.5
208213.313.517.517.5
208313.313.517.517.5
208413.313.517.517.5
208513.313.517.617.5
208613.313.517.617.6
208713.313.517.617.6
208813.313.517.717.6
208913.313.517.717.7
209013.313.517.717.7
209113.313.517.817.8
209213.313.517.817.8
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