Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 15.8 percent in 2021 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
202013.013.013.913.9
202112.916.014.014.0
202212.916.114.214.2
202312.916.114.414.4
202413.016.214.614.6
202513.016.214.914.9
202613.116.315.115.1
202713.116.315.315.3
202813.216.415.615.6
202913.216.415.815.8
203013.216.416.016.0
203113.316.516.216.2
203213.316.516.316.3
203313.316.516.516.4
203413.316.516.616.5
203513.316.516.616.6
203613.316.516.716.7
203713.316.516.716.7
203813.316.516.816.8
203913.316.516.816.8
204013.316.516.816.8
204113.316.516.916.8
204213.316.516.916.8
204313.316.516.816.8
204413.316.516.816.8
204513.316.516.816.8
204613.316.516.816.7
204713.316.516.816.7
204813.316.516.816.7
204913.316.516.816.7
205013.316.516.816.7
205113.316.516.816.7
205213.316.516.816.7
205313.316.516.816.8
205413.316.516.916.8
205513.316.516.916.8
205613.316.516.916.8
205713.316.517.016.9
205813.316.617.016.9
205913.416.617.117.0
206013.416.617.117.0
206113.416.617.217.1
206213.416.617.317.2
206313.416.617.317.2
206413.416.617.417.3
206513.416.617.517.3
206613.416.617.517.4
206713.416.617.617.5
206813.416.617.717.5
206913.416.617.717.6
207013.416.617.817.7
207113.416.617.917.7
207213.416.617.917.8
207313.416.618.017.9
207413.416.618.017.9
207513.416.618.118.0
207613.416.618.118.0
207713.416.718.118.0
207813.416.718.218.0
207913.416.718.218.0
208013.416.718.118.0
208113.416.718.118.0
208213.416.718.118.0
208313.416.718.117.9
208413.416.718.017.9
208513.416.718.017.9
208613.416.718.017.8
208713.416.617.917.8
208813.416.617.917.8
208913.416.617.917.7
209013.416.617.917.7
209113.416.617.917.7
209213.416.717.917.8
209313.416.717.917.8
209413.416.717.917.8
209513.416.718.017.8
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