Proposed Provision: Impose a 3 percent payroll tax on OASDI covered earnings above the current taxable maximum starting in 2011. Benefit computations would not reflect any earnings above the taxable maximum amount.

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

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201012.312.313.113.1
201112.913.413.013.0
201212.913.412.812.8
201312.913.412.812.8
201412.913.512.912.9
201512.913.513.013.0
201613.013.513.113.1
201713.013.513.313.3
201813.013.613.513.5
201913.013.613.813.8
202013.013.614.114.1
202113.113.614.514.5
202213.113.614.714.7
202313.113.715.015.0
202413.113.715.315.3
202513.113.715.515.5
202613.113.715.815.8
202713.213.716.015.9
202813.213.716.116.1
202913.213.716.316.3
203013.213.816.416.4
203113.213.816.516.5
203213.213.816.616.6
203313.213.816.716.6
203413.213.816.716.7
203513.213.816.716.7
203613.213.816.716.7
203713.213.816.716.7
203813.213.816.716.7
203913.213.816.716.7
204013.213.816.616.6
204113.213.816.616.6
204213.213.816.616.5
204313.213.816.516.5
204413.213.816.516.5
204513.213.816.416.4
204613.213.816.416.4
204713.213.816.416.4
204813.213.816.416.4
204913.213.816.416.3
205013.213.816.316.3
205113.213.816.316.3
205213.213.816.316.3
205313.213.816.316.3
205413.213.816.316.3
205513.213.816.416.3
205613.213.816.416.4
205713.213.816.416.4
205813.213.816.416.4
205913.213.816.516.4
206013.213.816.516.5
206113.213.816.516.5
206213.213.816.516.5
206313.213.816.616.5
206413.313.816.616.6
206513.313.816.616.6
206613.313.816.716.6
206713.313.816.716.7
206813.313.816.716.7
206913.313.816.816.7
207013.313.816.816.8
207113.313.816.816.8
207213.313.816.916.9
207313.313.916.916.9
207413.313.917.017.0
207513.313.917.017.0
207613.313.917.117.0
207713.313.917.117.1
207813.313.917.217.1
207913.313.917.217.2
208013.313.917.317.2
208113.313.917.317.3
208213.313.917.317.3
208313.313.917.417.4
208413.313.917.417.4
208513.313.917.517.4
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