Proposed Provision: Increase the taxable maximum such that 90 percent of earnings are subject to the payroll tax (phased in 2017-2026). In addition, apply a tax rate of 6.2 percent for earnings above the revised taxable maximum (phased in from 2017-2026). Provide benefit credit for earnings taxed up to the revised 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
201712.913.213.713.7
201813.013.513.913.9
201913.013.714.014.0
202013.013.914.114.1
202113.014.114.314.3
202213.014.314.514.5
202313.114.414.814.8
202413.114.615.015.0
202513.114.715.315.3
202613.114.815.515.5
202713.114.815.615.7
202813.214.815.815.9
202913.214.916.016.0
203013.214.916.116.2
203113.214.916.216.3
203213.214.916.316.4
203313.214.916.416.5
203413.214.916.516.6
203513.214.916.516.6
203613.214.916.616.7
203713.214.916.616.7
203813.214.916.616.8
203913.214.916.616.8
204013.214.916.616.8
204113.214.916.616.8
204213.214.916.516.8
204313.214.916.516.7
204413.214.916.516.7
204513.214.916.416.7
204613.214.916.416.7
204713.214.916.416.7
204813.214.916.416.7
204913.214.916.416.7
205013.214.916.416.7
205113.215.016.416.7
205213.215.016.416.8
205313.215.016.416.8
205413.215.016.416.8
205513.215.016.516.9
205613.215.016.517.0
205713.315.016.617.0
205813.315.016.617.1
205913.315.016.717.2
206013.315.016.717.2
206113.315.016.817.3
206213.315.016.817.4
206313.315.016.917.4
206413.315.016.917.5
206513.315.017.017.5
206613.315.017.017.6
206713.315.017.117.7
206813.315.017.117.7
206913.315.017.217.8
207013.315.017.217.9
207113.315.017.317.9
207213.315.017.318.0
207313.315.117.318.0
207413.315.117.418.0
207513.315.117.418.1
207613.315.117.418.1
207713.315.117.418.1
207813.315.117.418.1
207913.315.117.418.1
208013.315.117.418.1
208113.315.117.418.1
208213.315.117.418.1
208313.315.117.418.1
208413.315.117.418.1
208513.315.117.518.2
208613.315.117.518.2
208713.315.117.518.3
208813.315.117.618.3
208913.315.117.618.3
209013.315.117.718.4
209113.315.117.718.4
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