Distributional Effects of Raising the Social Security Payroll Tax
by Dave Shoffner
Policy Brief No. 2010-01 (released April 2010)
Policy Brief No. 2010-01 (released April 2010)
Year | Immediate increase | Phased increases | As-needed increases |
---|---|---|---|
2006 | 14.4 | 12.4 | 12.4 |
2007 | 14.4 | 12.4 | 12.4 |
2008 | 14.4 | 12.4 | 12.4 |
2009 | 14.4 | 12.4 | 12.4 |
2010 | 14.4 | 12.4 | 12.4 |
2011 | 14.4 | 12.4 | 12.4 |
2012 | 14.4 | 12.4 | 12.4 |
2013 | 14.4 | 12.4 | 12.4 |
2014 | 14.4 | 12.4 | 12.4 |
2015 | 14.4 | 12.4 | 12.4 |
2016 | 14.4 | 12.4 | 12.4 |
2017 | 14.4 | 12.4 | 12.4 |
2018 | 14.4 | 12.4 | 12.4 |
2019 | 14.4 | 12.4 | 12.4 |
2020 | 14.4 | 14.5 | 12.4 |
2021 | 14.4 | 14.5 | 12.4 |
2022 | 14.4 | 14.5 | 12.4 |
2023 | 14.4 | 14.5 | 12.4 |
2024 | 14.4 | 14.5 | 12.4 |
2025 | 14.4 | 14.5 | 12.4 |
2026 | 14.4 | 14.5 | 12.4 |
2027 | 14.4 | 14.5 | 12.4 |
2028 | 14.4 | 14.5 | 12.4 |
2029 | 14.4 | 14.5 | 12.4 |
2030 | 14.4 | 14.5 | 12.4 |
2031 | 14.4 | 14.5 | 12.4 |
2032 | 14.4 | 14.5 | 12.4 |
2033 | 14.4 | 14.5 | 12.4 |
2034 | 14.4 | 14.5 | 12.4 |
2035 | 14.4 | 14.5 | 12.4 |
2036 | 14.4 | 14.5 | 12.4 |
2037 | 14.4 | 14.5 | 12.4 |
2038 | 14.4 | 14.5 | 12.4 |
2039 | 14.4 | 14.5 | 12.4 |
2040 | 14.4 | 14.5 | 12.4 |
2041 | 14.4 | 14.5 | 12.4 |
2042 | 14.4 | 14.5 | 15.2 |
2043 | 14.4 | 14.5 | 16.9 |
2044 | 14.4 | 14.5 | 16.9 |
2045 | 14.4 | 14.5 | 16.9 |
2046 | 14.4 | 14.5 | 16.9 |
2047 | 14.4 | 14.5 | 17.0 |
2048 | 14.4 | 14.5 | 17.0 |
2049 | 14.4 | 14.5 | 17.0 |
2050 | 14.4 | 16.6 | 17.0 |
2051 | 14.4 | 16.6 | 17.0 |
2052 | 14.4 | 16.6 | 17.1 |
2053 | 14.4 | 16.6 | 17.1 |
2054 | 14.4 | 16.6 | 17.2 |
2055 | 14.4 | 16.6 | 17.2 |
2056 | 14.4 | 16.6 | 17.3 |
2057 | 14.4 | 16.6 | 17.3 |
2058 | 14.4 | 16.6 | 17.4 |
2059 | 14.4 | 16.6 | 17.4 |
2060 | 14.4 | 16.6 | 17.5 |
2061 | 14.4 | 16.6 | 17.5 |
2062 | 14.4 | 16.6 | 17.6 |
2063 | 14.4 | 16.6 | 17.6 |
2064 | 14.4 | 16.6 | 17.7 |
2065 | 14.4 | 16.6 | 17.7 |
2066 | 14.4 | 16.6 | 17.8 |
2067 | 14.4 | 16.6 | 17.8 |
2068 | 14.4 | 16.6 | 17.9 |
2069 | 14.4 | 16.6 | 17.9 |
2070 | 14.4 | 16.6 | 18.0 |
2071 | 14.4 | 16.6 | 18.0 |
2072 | 14.4 | 16.6 | 18.1 |
2073 | 14.4 | 16.6 | 18.1 |
2074 | 14.4 | 16.6 | 18.1 |
2075 | 14.4 | 16.6 | 18.2 |
2076 | 14.4 | 16.6 | 18.2 |
2077 | 14.4 | 16.6 | 18.3 |
2078 | 14.4 | 16.6 | 18.3 |
2079 | 14.4 | 16.6 | 18.4 |
2080 | 14.4 | 16.6 | 18.4 |
Birth Cohort | Immediate increase | Phased increases | As-needed increases |
---|---|---|---|
1936–1940 | 32.5 | 4.9 | 0.0 |
1941–1945 | 57.0 | 9.8 | 0.0 |
1946–1950 | 78.3 | 20.7 | 0.0 |
1951–1955 | 87.6 | 37.3 | 0.0 |
1956–1960 | 91.4 | 62.2 | 0.1 |
1961–1965 | 93.4 | 80.1 | 0.4 |
1966–1970 | 95.2 | 88.3 | 1.0 |
1971–1975 | 97.9 | 93.9 | 17.3 |
1976–1980 | 99.6 | 96.2 | 52.5 |
1981–1985 | 99.8 | 98.5 | 78.1 |
1986–1990 | 99.9 | 99.4 | 88.5 |
1991–1995 | 99.8 | 99.6 | 93.8 |
1996–2000 | 99.9 | 99.9 | 96.7 |
2001–2005 | 99.9 | 99.9 | 98.0 |
2006–2010 | 99.8 | 99.8 | 98.9 |
2011–2015 | 99.9 | 99.9 | 99.6 |
Birth cohort | Immediate increase | Phased increases | As-needed increases |
---|---|---|---|
1936–1940 | 0.3 | 0.0 | 0.0 |
1941–1945 | 0.7 | 0.1 | 0.0 |
1946–1950 | 1.7 | 0.2 | 0.0 |
1951–1955 | 2.9 | 0.3 | 0.0 |
1956–1960 | 4.4 | 0.8 | 0.0 |
1961–1965 | 6.4 | 1.9 | 0.0 |
1966–1970 | 8.8 | 3.5 | 0.1 |
1971–1975 | 11.2 | 5.6 | 0.4 |
1976–1980 | 13.3 | 7.9 | 1.4 |
1981–1985 | 15.2 | 10.4 | 3.4 |
1986–1990 | 16.1 | 13.3 | 6.7 |
1991–1995 | 16.2 | 16.6 | 10.9 |
1996–2000 | 16.2 | 20.0 | 15.6 |
2001–2005 | 16.2 | 22.6 | 20.9 |
2006–2010 | 16.2 | 24.8 | 26.6 |
2011–2015 | 16.2 | 27.1 | 32.7 |
Birth Cohort | Immediate increase | Phased increases | As-needed increases |
---|---|---|---|
1936–1940 | 102.2 | 102.4 | 102.4 |
1941–1945 | 88.0 | 88.7 | 88.8 |
1946–1950 | 82.0 | 83.2 | 83.4 |
1951–1955 | 78.0 | 80.1 | 80.3 |
1956–1960 | 76.6 | 79.4 | 80.0 |
1961–1965 | 77.8 | 81.3 | 82.8 |
1966–1970 | 82.1 | 86.2 | 89.0 |
1971–1975 | 81.9 | 86.1 | 90.7 |
1976–1980 | 85.3 | 89.5 | 94.9 |
1981–1985 | 85.5 | 89.4 | 95.0 |
1986–1990 | 85.9 | 88.2 | 92.8 |
1991–1995 | 84.6 | 84.3 | 88.5 |
1996–2000 | 87.1 | 84.6 | 87.0 |
2001–2005 | 87.8 | 83.3 | 84.4 |
2006–2010 | 88.5 | 82.5 | 80.7 |
2011–2015 | 89.0 | 81.7 | 78.2 |