Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2029-2058, and to 18.0 percent in years 2059 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
201913.013.014.014.0
202013.013.014.114.1
202113.013.014.314.3
202213.013.014.514.5
202313.113.114.814.8
202413.113.115.015.0
202513.113.115.315.3
202613.113.115.515.5
202713.113.115.615.6
202813.213.215.815.8
202913.215.716.016.0
203013.215.816.116.1
203113.215.816.216.2
203213.215.816.316.3
203313.215.816.416.4
203413.215.916.516.5
203513.215.916.516.5
203613.215.916.616.5
203713.215.916.616.6
203813.215.916.616.6
203913.215.916.616.6
204013.215.916.616.6
204113.215.916.616.5
204213.215.916.516.5
204313.215.916.516.5
204413.215.916.516.4
204513.215.916.416.4
204613.215.916.416.4
204713.215.916.416.4
204813.215.916.416.4
204913.215.916.416.3
205013.215.916.416.3
205113.215.916.416.3
205213.215.916.416.3
205313.215.916.416.4
205413.215.916.416.4
205513.215.916.516.4
205613.215.916.516.5
205713.315.916.616.5
205813.315.916.616.6
205913.318.416.716.6
206013.318.516.716.6
206113.318.516.816.7
206213.318.516.816.7
206313.318.516.916.8
206413.318.516.916.8
206513.318.517.016.9
206613.318.517.016.9
206713.318.517.117.0
206813.318.517.117.0
206913.318.517.217.1
207013.318.517.217.1
207113.318.517.317.2
207213.318.617.317.2
207313.318.617.317.2
207413.318.617.417.3
207513.318.617.417.3
207613.318.617.417.3
207713.318.617.417.3
207813.318.617.417.3
207913.318.617.417.3
208013.318.617.417.3
208113.318.617.417.3
208213.318.617.417.3
208313.318.617.417.3
208413.318.617.417.3
208513.318.617.517.3
208613.318.617.517.4
208713.318.617.517.4
208813.318.617.617.4
208913.318.617.617.5
209013.318.617.717.5
209113.318.617.717.6
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