Proposed Provision: Eliminate the taxable maximum in years 2017 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.

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
201712.915.213.713.7
201813.015.413.913.9
201913.015.414.014.0
202013.015.414.114.1
202113.015.414.314.3
202213.015.414.514.5
202313.115.414.814.8
202413.115.415.015.1
202513.115.415.315.3
202613.115.415.515.5
202713.115.515.615.7
202813.215.515.815.9
202913.215.516.016.1
203013.215.516.116.2
203113.215.516.216.4
203213.215.516.316.5
203313.215.516.416.6
203413.215.616.516.7
203513.215.616.516.7
203613.215.616.616.8
203713.215.616.616.9
203813.215.616.616.9
203913.215.616.616.9
204013.215.616.616.9
204113.215.616.616.9
204213.215.616.516.9
204313.215.616.516.9
204413.215.616.516.9
204513.215.616.416.9
204613.215.616.416.9
204713.215.616.416.9
204813.215.616.416.9
204913.215.616.416.9
205013.215.616.416.9
205113.215.616.416.9
205213.215.616.416.9
205313.215.616.417.0
205413.215.616.417.0
205513.215.616.517.1
205613.215.716.517.1
205713.315.716.617.2
205813.315.716.617.3
205913.315.716.717.3
206013.315.716.717.4
206113.315.716.817.5
206213.315.716.817.5
206313.315.716.917.6
206413.315.716.917.6
206513.315.717.017.7
206613.315.717.017.8
206713.315.717.117.8
206813.315.717.117.9
206913.315.717.218.0
207013.315.717.218.0
207113.315.717.318.1
207213.315.717.318.1
207313.315.817.318.2
207413.315.817.418.2
207513.315.817.418.2
207613.315.817.418.2
207713.315.817.418.2
207813.315.817.418.2
207913.315.817.418.2
208013.315.817.418.2
208113.315.817.418.2
208213.315.817.418.2
208313.315.817.418.3
208413.315.817.418.3
208513.315.817.518.3
208613.315.817.518.4
208713.315.817.518.4
208813.315.817.618.4
208913.315.817.618.5
209013.315.817.718.5
209113.315.817.718.6
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