Proposed Provision: E3.6. Increase the taxable maximum each year by an additional 2 percent beginning in 2021 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
201812.612.613.813.8
201912.912.914.014.0
202012.912.914.114.1
202112.913.014.314.3
202212.913.014.414.4
202313.013.114.614.6
202413.013.214.814.8
202513.013.215.015.0
202613.113.415.215.2
202713.213.415.415.4
202813.213.515.615.6
202913.213.515.815.8
203013.213.616.016.0
203113.213.616.216.2
203213.213.716.316.3
203313.213.716.516.5
203413.213.716.616.6
203513.313.816.716.6
203613.313.816.716.7
203713.313.916.816.8
203813.313.916.816.8
203913.313.916.816.8
204013.313.916.816.8
204113.314.016.816.8
204213.314.016.816.8
204313.314.016.716.7
204413.314.016.716.7
204513.314.116.716.7
204613.314.116.616.6
204713.314.116.616.6
204813.314.116.616.6
204913.314.216.616.5
205013.314.216.516.5
205113.314.216.516.5
205213.314.216.516.5
205313.314.216.516.5
205413.314.316.616.5
205513.314.316.616.6
205613.314.316.616.6
205713.314.316.716.6
205813.314.316.716.7
205913.314.316.816.7
206013.314.316.816.8
206113.314.316.916.8
206213.314.316.916.9
206313.314.317.016.9
206413.314.417.017.0
206513.314.417.117.0
206613.314.417.117.1
206713.314.417.217.2
206813.314.417.217.2
206913.314.417.317.3
207013.314.417.417.3
207113.314.417.417.4
207213.314.417.517.4
207313.314.417.517.5
207413.314.417.617.5
207513.414.417.617.6
207613.414.417.617.6
207713.414.417.617.6
207813.414.417.617.6
207913.414.417.617.6
208013.414.417.617.6
208113.414.417.617.6
208213.414.417.617.5
208313.414.417.617.5
208413.414.417.517.5
208513.414.417.517.5
208613.414.417.517.5
208713.414.417.517.5
208813.414.417.517.5
208913.414.417.617.5
209013.414.417.617.6
209113.414.417.617.6
209213.414.417.717.6
209313.414.417.717.7
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