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Summary Measures and Graphs
Payroll Taxes (including maximum taxable)

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2017, 13.0 percent in 2030, 13.3 in percent in 2045, 14.0 percent in 2065, 14.5 percent in 2075, and 14.7 percent in 2085 and later.

Estimates based on the intermediate assumptions of the 2014 Trustees Report

Summary Measures
Present Law
[percent of payroll]		 Change from present law
[percent of payroll]		 Shortfall Eliminated
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
-2.88 -4.90 0.85 2.25 29% 46%


graph of OASDI cost rates and income rates by year, under present law and provision. click on graph to view underlying data. graph of OASDI trust fund ratio by year, under present law and provision. click on graph to view underlying data.
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Last reviewed or modified September 18, 2014