Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 15.4 percent in 2032-2061, and to 18.4 percent in years 2062 and later.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
201912.812.813.913.9
202012.912.913.913.9
202112.912.914.114.1
202212.912.914.214.2
202312.912.914.414.4
202413.013.014.614.6
202513.013.014.814.8
202613.113.115.015.0
202713.113.115.215.2
202813.213.215.415.4
202913.213.215.615.6
203013.213.215.815.8
203113.213.216.016.0
203213.215.916.116.1
203313.216.116.216.2
203413.216.116.316.3
203513.316.116.416.4
203613.316.116.516.5
203713.316.116.516.5
203813.316.116.616.6
203913.316.116.616.6
204013.316.116.616.6
204113.316.116.616.6
204213.316.116.616.6
204313.316.116.616.5
204413.316.116.516.5
204513.316.116.516.5
204613.316.116.516.4
204713.316.116.416.4
204813.316.116.416.4
204913.316.116.416.4
205013.316.116.416.3
205113.316.116.416.3
205213.316.116.416.3
205313.316.116.416.3
205413.316.116.416.4
205513.316.116.416.4
205613.316.116.416.4
205713.316.116.516.4
205813.316.116.516.5
205913.316.116.616.5
206013.316.116.616.6
206113.316.116.716.6
206213.318.816.716.7
206313.318.916.816.7
206413.318.916.816.8
206513.318.916.916.8
206613.318.917.016.9
206713.318.917.016.9
206813.318.917.117.0
206913.318.917.117.1
207013.318.917.217.1
207113.318.917.317.2
207213.319.017.317.2
207313.319.017.317.3
207413.419.017.417.3
207513.419.017.417.3
207613.419.017.517.4
207713.419.017.517.4
207813.419.017.517.4
207913.419.017.517.4
208013.419.017.517.3
208113.419.017.417.3
208213.419.017.417.3
208313.419.017.417.3
208413.419.017.417.2
208513.419.017.417.2
208613.419.017.317.2
208713.419.017.317.2
208813.419.017.317.2
208913.419.017.317.2
209013.419.017.417.2
209113.419.017.417.2
209213.419.017.417.3
209313.419.017.517.3
209413.419.017.517.4
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