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Summary of Provisions That Would Change the Social Security Program
Solvency Provisions

Description of Proposed Provisions:
Provisions Affecting Payroll Tax Rates

Estimates based on the intermediate assumptions of the 2008 Trustees Report

  Change from present law Results with this provision
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
Present Law, Alternative II.
 -1.70 -4.20
D1 Raise payroll tax rates (for employees and employers combined) by 1.8 percentage points in 2009 and later.
graph | table | pdf-graph | pdf-table 		1.77 1.81 0.07 -2.40
D2 Raise payroll tax rates (for employees and employers combined) by 1.6 percentage points in 2021 (to 14.0% combined) and by an additional 1.6 percentage points in 2051 (to 15.6% combined).
graph | table | pdf-graph | pdf-table 		1.70 3.21 0.01 -0.99
D3 Beginning in 2009, reduce the combined OASDI payroll tax rate from 12.4 percent to 11.4 percent.
graph | table | pdf-graph | pdf-table | memo 		-0.98 -1.00 -2.68 -5.20
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Last reviewed or modified November 13, 2008