Proposed Provision: E2.8. Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2020-2067, and a 3 percent rate for years 2068 and later. Do not provide benefit credit for earnings above the current-law taxable maximum.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
201713.013.013.413.4
201812.912.913.513.5
201912.912.913.713.7
202013.013.313.913.9
202113.013.414.014.0
202213.013.414.314.3
202313.013.414.514.5
202413.113.514.814.8
202513.113.515.115.1
202613.113.515.415.4
202713.213.615.615.6
202813.213.615.915.9
202913.213.616.116.1
203013.213.616.316.3
203113.213.616.416.4
203213.213.616.616.6
203313.213.616.716.7
203413.213.616.816.8
203513.213.616.916.9
203613.213.617.017.0
203713.213.617.017.0
203813.213.717.017.0
203913.213.617.017.0
204013.213.617.017.0
204113.213.616.916.9
204213.213.616.916.9
204313.213.616.816.8
204413.213.616.816.8
204513.213.616.716.7
204613.213.616.716.7
204713.213.616.616.6
204813.213.616.616.6
204913.213.616.616.6
205013.213.616.616.6
205113.213.616.616.5
205213.213.616.616.5
205313.213.616.616.6
205413.213.616.616.6
205513.213.616.616.6
205613.213.616.716.6
205713.213.616.716.7
205813.213.616.716.7
205913.213.716.816.8
206013.313.716.816.8
206113.313.716.916.9
206213.313.716.916.9
206313.313.717.017.0
206413.313.717.017.0
206513.313.717.117.1
206613.313.717.117.1
206713.313.717.217.2
206813.313.917.217.2
206913.313.917.317.3
207013.313.917.317.3
207113.313.917.417.4
207213.313.917.417.4
207313.313.917.417.4
207413.313.917.517.5
207513.313.917.517.5
207613.313.917.517.5
207713.313.917.517.5
207813.313.917.517.5
207913.313.917.517.5
208013.313.917.517.5
208113.313.917.517.5
208213.313.917.517.5
208313.313.917.517.5
208413.313.917.517.5
208513.313.917.617.5
208613.313.917.617.6
208713.313.917.617.6
208813.313.917.717.6
208913.313.917.717.7
209013.313.917.717.7
209113.313.917.817.8
209213.313.917.817.8
back