Proposed Provision: Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2017, 3.0 percent in 2030, 3.5 percent in 2045, 4.5 percent in 2055, and 5.5 percent in 2065 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 |
Present Law |
Provision |
Present Law |
Provision |
| 2014 | 12.7 | 12.7 | 14.0 | 14.0 |
| 2015 | 12.9 | 12.9 | 14.0 | 14.0 |
| 2016 | 12.9 | 12.9 | 14.0 | 14.0 |
| 2017 | 12.9 | 13.3 | 14.0 | 14.0 |
| 2018 | 12.9 | 13.3 | 14.0 | 14.0 |
| 2019 | 12.9 | 13.4 | 14.1 | 14.1 |
| 2020 | 13.0 | 13.4 | 14.3 | 14.3 |
| 2021 | 13.0 | 13.4 | 14.5 | 14.5 |
| 2022 | 13.0 | 13.4 | 14.7 | 14.7 |
| 2023 | 13.0 | 13.4 | 15.0 | 15.0 |
| 2024 | 13.1 | 13.5 | 15.3 | 15.3 |
| 2025 | 13.1 | 13.5 | 15.5 | 15.5 |
| 2026 | 13.1 | 13.5 | 15.8 | 15.8 |
| 2027 | 13.1 | 13.5 | 16.0 | 16.0 |
| 2028 | 13.1 | 13.5 | 16.2 | 16.2 |
| 2029 | 13.1 | 13.5 | 16.4 | 16.4 |
| 2030 | 13.1 | 13.7 | 16.6 | 16.6 |
| 2031 | 13.2 | 13.8 | 16.7 | 16.7 |
| 2032 | 13.2 | 13.8 | 16.9 | 16.9 |
| 2033 | 13.2 | 13.8 | 17.0 | 16.9 |
| 2034 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2035 | 13.2 | 13.8 | 17.1 | 17.1 |
| 2036 | 13.2 | 13.8 | 17.1 | 17.1 |
| 2037 | 13.2 | 13.8 | 17.1 | 17.1 |
| 2038 | 13.2 | 13.8 | 17.1 | 17.1 |
| 2039 | 13.2 | 13.8 | 17.1 | 17.1 |
| 2040 | 13.2 | 13.8 | 17.1 | 17.1 |
| 2041 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2042 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2043 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2044 | 13.2 | 13.8 | 17.0 | 16.9 |
| 2045 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2046 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2047 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2048 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2049 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2050 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2051 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2052 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2053 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2054 | 13.2 | 13.9 | 17.0 | 17.0 |
| 2055 | 13.2 | 14.1 | 17.0 | 17.0 |
| 2056 | 13.2 | 14.1 | 17.1 | 17.0 |
| 2057 | 13.2 | 14.1 | 17.1 | 17.1 |
| 2058 | 13.2 | 14.1 | 17.2 | 17.1 |
| 2059 | 13.2 | 14.1 | 17.2 | 17.2 |
| 2060 | 13.2 | 14.1 | 17.3 | 17.2 |
| 2061 | 13.2 | 14.1 | 17.3 | 17.3 |
| 2062 | 13.2 | 14.1 | 17.4 | 17.3 |
| 2063 | 13.2 | 14.1 | 17.4 | 17.4 |
| 2064 | 13.2 | 14.1 | 17.4 | 17.4 |
| 2065 | 13.2 | 14.3 | 17.5 | 17.5 |
| 2066 | 13.2 | 14.3 | 17.5 | 17.5 |
| 2067 | 13.3 | 14.3 | 17.6 | 17.6 |
| 2068 | 13.3 | 14.3 | 17.6 | 17.6 |
| 2069 | 13.3 | 14.4 | 17.7 | 17.7 |
| 2070 | 13.3 | 14.4 | 17.7 | 17.7 |
| 2071 | 13.3 | 14.4 | 17.8 | 17.8 |
| 2072 | 13.3 | 14.4 | 17.8 | 17.8 |
| 2073 | 13.3 | 14.4 | 17.8 | 17.8 |
| 2074 | 13.3 | 14.4 | 17.9 | 17.8 |
| 2075 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2076 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2077 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2078 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2079 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2080 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2081 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2082 | 13.3 | 14.4 | 17.9 | 17.9 |
| 2083 | 13.3 | 14.4 | 18.0 | 17.9 |
| 2084 | 13.3 | 14.4 | 18.0 | 18.0 |
| 2085 | 13.3 | 14.4 | 18.0 | 18.0 |
| 2086 | 13.3 | 14.4 | 18.1 | 18.1 |
| 2087 | 13.3 | 14.4 | 18.1 | 18.1 |
| 2088 | 13.3 | 14.4 | 18.2 | 18.2 |
| 2089 | 13.3 | 14.4 | 18.2 | 18.2 |
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