Proposed Provision: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2017, and tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide benefit credit for additional earnings taxed.

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
201712.914.313.713.7
201813.014.413.913.9
201913.014.514.014.0
202013.014.514.114.1
202113.014.614.314.3
202213.014.614.514.5
202313.114.714.814.8
202413.114.815.015.0
202513.114.815.315.3
202613.114.915.515.5
202713.115.015.615.6
202813.215.015.815.8
202913.215.116.016.0
203013.215.216.116.1
203113.215.316.216.2
203213.215.316.316.3
203313.215.416.416.4
203413.215.516.516.4
203513.215.516.516.5
203613.215.516.616.5
203713.215.516.616.6
203813.215.516.616.6
203913.215.516.616.6
204013.215.616.616.6
204113.215.616.616.5
204213.215.616.516.5
204313.215.616.516.5
204413.215.616.516.4
204513.215.616.416.4
204613.215.616.416.4
204713.215.616.416.4
204813.215.616.416.3
204913.215.616.416.3
205013.215.616.416.3
205113.215.616.416.3
205213.215.616.416.3
205313.215.616.416.3
205413.215.616.416.4
205513.215.616.516.4
205613.215.616.516.4
205713.315.616.616.5
205813.315.616.616.5
205913.315.616.716.6
206013.315.616.716.6
206113.315.616.816.7
206213.315.616.816.7
206313.315.616.916.8
206413.315.616.916.8
206513.315.617.016.9
206613.315.617.016.9
206713.315.617.117.0
206813.315.617.117.0
206913.315.617.217.1
207013.315.617.217.1
207113.315.617.317.2
207213.315.617.317.2
207313.315.617.317.3
207413.315.617.417.3
207513.315.717.417.3
207613.315.717.417.3
207713.315.717.417.3
207813.315.717.417.3
207913.315.717.417.3
208013.315.717.417.3
208113.315.717.417.3
208213.315.717.417.3
208313.315.717.417.3
208413.315.717.417.3
208513.315.717.517.4
208613.315.717.517.4
208713.315.717.517.4
208813.315.717.617.5
208913.315.717.617.5
209013.315.717.717.6
209113.315.717.717.6
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