Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2019-2024, until the rate reaches 13.0 percent for 2024 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
201712.912.913.713.7
201813.013.013.913.9
201913.013.114.014.0
202013.013.214.114.1
202113.013.314.314.3
202213.013.414.514.5
202313.113.514.814.8
202413.113.715.015.0
202513.113.715.315.3
202613.113.715.515.5
202713.113.715.615.6
202813.213.715.815.8
202913.213.716.016.0
203013.213.816.116.1
203113.213.816.216.2
203213.213.816.316.3
203313.213.816.416.4
203413.213.816.516.5
203513.213.816.516.5
203613.213.816.616.6
203713.213.816.616.6
203813.213.816.616.6
203913.213.816.616.6
204013.213.816.616.6
204113.213.816.616.6
204213.213.816.516.5
204313.213.816.516.5
204413.213.816.516.5
204513.213.816.416.4
204613.213.816.416.4
204713.213.816.416.4
204813.213.816.416.4
204913.213.816.416.4
205013.213.816.416.3
205113.213.816.416.3
205213.213.816.416.4
205313.213.816.416.4
205413.213.816.416.4
205513.213.816.516.4
205613.213.816.516.5
205713.313.816.616.5
205813.313.816.616.6
205913.313.816.716.6
206013.313.816.716.7
206113.313.816.816.7
206213.313.816.816.8
206313.313.816.916.8
206413.313.916.916.9
206513.313.917.016.9
206613.313.917.017.0
206713.313.917.117.0
206813.313.917.117.1
206913.313.917.217.1
207013.313.917.217.2
207113.313.917.317.2
207213.313.917.317.3
207313.313.917.317.3
207413.313.917.417.3
207513.313.917.417.4
207613.313.917.417.4
207713.313.917.417.4
207813.313.917.417.4
207913.313.917.417.4
208013.313.917.417.4
208113.313.917.417.4
208213.313.917.417.4
208313.313.917.417.4
208413.313.917.417.4
208513.313.917.517.4
208613.313.917.517.5
208713.313.917.517.5
208813.313.917.617.6
208913.313.917.617.6
209013.313.917.717.7
209113.313.917.717.7
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