Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 15.5 percent in 2031-2060, and to 18.6 percent in years 2061 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
201812.612.613.813.8
201912.912.914.014.0
202012.912.914.114.1
202112.912.914.314.3
202212.912.914.414.4
202313.013.014.614.6
202413.013.014.814.8
202513.013.015.015.0
202613.113.115.215.2
202713.213.215.415.4
202813.213.215.615.6
202913.213.215.815.8
203013.213.216.016.0
203113.216.016.216.2
203213.216.116.316.3
203313.216.216.516.4
203413.216.216.616.6
203513.316.216.716.6
203613.316.216.716.7
203713.316.216.816.8
203813.316.216.816.8
203913.316.216.816.8
204013.316.216.816.8
204113.316.216.816.8
204213.316.216.816.8
204313.316.216.716.7
204413.316.216.716.7
204513.316.216.716.6
204613.316.216.616.6
204713.316.216.616.6
204813.316.216.616.6
204913.316.216.616.5
205013.316.216.516.5
205113.316.216.516.5
205213.316.216.516.5
205313.316.216.516.5
205413.316.216.616.5
205513.316.216.616.5
205613.316.216.616.6
205713.316.216.716.6
205813.316.216.716.7
205913.316.216.816.7
206013.316.216.816.8
206113.318.916.916.8
206213.319.116.916.8
206313.319.117.016.9
206413.319.117.016.9
206513.319.117.117.0
206613.319.117.117.0
206713.319.117.217.1
206813.319.117.217.2
206913.319.117.317.2
207013.319.117.417.3
207113.319.117.417.3
207213.319.117.517.4
207313.319.117.517.4
207413.319.117.617.4
207513.419.117.617.5
207613.419.117.617.5
207713.419.217.617.5
207813.419.217.617.5
207913.419.217.617.5
208013.419.217.617.5
208113.419.217.617.5
208213.419.217.617.4
208313.419.217.617.4
208413.419.217.517.4
208513.419.217.517.4
208613.419.217.517.4
208713.419.217.517.4
208813.419.217.517.4
208913.419.217.617.4
209013.419.217.617.4
209113.419.217.617.5
209213.419.217.717.5
209313.419.217.717.6
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