Proposed Provision: Raise payroll tax rates (for employees and employers combined) by 2.1 percentage points in 2020 (to 14.5% combined) and by an additional 2.1 percentage points in 2050 (to 16.6% combined)

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
200512.712.711.111.1
200612.712.711.011.0
200712.712.710.910.9
200812.812.811.011.0
200912.812.811.111.1
201012.812.811.311.3
201112.812.811.411.4
201212.912.911.711.7
201312.912.911.911.9
201412.912.912.212.2
201512.912.912.512.5
201613.013.012.812.8
201713.013.013.113.1
201813.013.013.413.4
201913.013.013.713.7
202013.013.014.014.0
202113.115.214.314.3
202213.115.214.714.6
202313.115.215.014.9
202413.115.215.315.2
202513.115.215.515.5
202613.115.215.815.8
202713.215.316.116.1
202813.215.316.316.3
202913.215.316.516.5
203013.215.316.716.7
203113.215.316.916.9
203213.215.317.117.1
203313.215.317.217.2
203413.215.317.317.3
203513.215.317.417.4
203613.315.417.417.4
203713.315.417.517.5
203813.315.417.517.5
203913.315.417.517.5
204013.315.417.517.5
204113.315.417.517.5
204213.315.417.517.5
204313.315.417.517.5
204413.315.417.517.5
204513.315.417.517.5
204613.315.417.617.6
204713.315.417.617.6
204813.315.417.617.6
204913.315.417.617.6
205013.315.417.617.6
205113.317.517.717.7
205213.317.517.717.7
205313.317.517.817.7
205413.317.517.817.8
205513.317.517.817.8
205613.317.517.917.9
205713.317.517.917.9
205813.317.518.018.0
205913.317.518.118.0
206013.317.518.118.1
206113.317.518.218.2
206213.317.518.218.2
206313.317.518.318.3
206413.317.518.318.3
206513.317.518.418.4
206613.317.518.518.4
206713.317.518.518.5
206813.317.518.618.6
206913.317.518.618.6
207013.417.618.718.7
207113.417.618.718.7
207213.417.618.818.8
207313.417.618.818.8
207413.417.618.918.8
207513.417.618.918.9
207613.417.618.918.9
207713.417.619.019.0
207813.417.619.019.0
207913.417.619.119.1
208013.417.619.119.1
208113.417.619.219.2
208213.417.619.219.2
208313.417.619.319.3
208413.417.619.319.3
208513.417.619.419.3
back