Proposed Provision: B7.11. Beginning in January 2021, eliminate the retirement earnings test for all beneficiaries under normal retirement age, including retired workers, aged spouses, aged widow(er)s, young spouses with a child in care, young surviving spouses with a child in care, and children.

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
202112.912.914.314.5
202212.913.014.414.7
202313.013.014.614.9
202413.013.014.815.0
202513.013.015.015.2
202613.113.115.215.4
202713.213.215.415.6
202813.213.215.615.8
202913.213.215.816.0
203013.213.216.016.1
203113.213.216.216.3
203213.213.216.316.4
203313.213.216.516.5
203413.213.316.616.6
203513.313.316.716.7
203613.313.316.716.8
203713.313.316.816.8
203813.313.316.816.8
203913.313.316.816.8
204013.313.316.816.8
204113.313.316.816.8
204213.313.316.816.7
204313.313.316.716.7
204413.313.316.716.6
204513.313.316.716.6
204613.313.316.616.6
204713.313.316.616.5
204813.313.316.616.5
204913.313.316.616.5
205013.313.316.516.5
205113.313.316.516.5
205213.313.316.516.5
205313.313.316.516.5
205413.313.316.616.5
205513.313.316.616.5
205613.313.316.616.5
205713.313.316.716.6
205813.313.316.716.6
205913.313.316.816.7
206013.313.316.816.7
206113.313.316.916.7
206213.313.316.916.8
206313.313.317.016.8
206413.313.317.016.9
206513.313.317.117.0
206613.313.317.117.0
206713.313.317.217.1
206813.313.317.217.1
206913.313.317.317.2
207013.313.317.417.2
207113.313.317.417.3
207213.313.317.517.3
207313.313.317.517.4
207413.313.317.617.4
207513.413.317.617.4
207613.413.317.617.5
207713.413.317.617.5
207813.413.317.617.5
207913.413.317.617.5
208013.413.317.617.5
208113.413.317.617.4
208213.413.317.617.4
208313.413.317.617.4
208413.413.317.517.4
208513.413.317.517.4
208613.413.317.517.4
208713.413.317.517.4
208813.413.317.517.4
208913.413.317.617.4
209013.413.317.617.5
209113.413.417.617.5
209213.413.417.717.5
209313.413.417.717.6
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