Proposed Provision: Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2017 and later.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201612.912.914.014.0
201712.912.013.713.7
201813.012.013.913.9
201913.012.014.014.0
202013.012.014.114.1
202113.012.014.314.3
202213.012.114.514.5
202313.112.114.814.8
202413.112.115.015.0
202513.112.215.315.3
202613.112.215.515.5
202713.112.215.615.7
202813.212.215.815.8
202913.212.216.016.0
203013.212.216.116.1
203113.212.216.216.2
203213.212.216.316.3
203313.212.216.416.4
203413.212.316.516.5
203513.212.316.516.5
203613.212.316.616.6
203713.212.316.616.6
203813.212.316.616.6
203913.212.316.616.6
204013.212.316.616.6
204113.212.316.616.6
204213.212.316.516.6
204313.212.316.516.5
204413.212.316.516.5
204513.212.316.416.5
204613.212.316.416.4
204713.212.316.416.4
204813.212.316.416.4
204913.212.316.416.4
205013.212.316.416.4
205113.212.316.416.4
205213.212.316.416.4
205313.212.316.416.4
205413.212.316.416.5
205513.212.316.516.5
205613.212.316.516.5
205713.312.316.616.6
205813.312.316.616.6
205913.312.316.716.7
206013.312.316.716.7
206113.312.316.816.8
206213.312.316.816.8
206313.312.316.916.9
206413.312.316.916.9
206513.312.317.017.0
206613.312.317.017.0
206713.312.317.117.1
206813.312.317.117.2
206913.312.317.217.2
207013.312.317.217.3
207113.312.317.317.3
207213.312.317.317.3
207313.312.317.317.4
207413.312.317.417.4
207513.312.317.417.4
207613.312.317.417.4
207713.312.317.417.5
207813.312.317.417.5
207913.312.317.417.4
208013.312.317.417.4
208113.312.317.417.4
208213.312.317.417.4
208313.312.317.417.5
208413.312.317.417.5
208513.312.417.517.5
208613.312.417.517.5
208713.312.417.517.6
208813.312.417.617.6
208913.312.417.617.7
209013.312.417.717.7
209113.312.417.717.8
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