Proposed Provision: B7.5. Increase benefits by 5 percent for all beneficiaries as of the beginning of 2024 and for those newly eligible for benefits after the beginning of 2024.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202313.313.314.514.5
202412.912.914.915.6
202513.013.015.015.8
202613.113.115.216.0
202713.113.115.416.1
202813.113.215.616.3
202913.213.215.716.5
203013.213.215.916.7
203113.213.316.016.8
203213.213.316.116.9
203313.213.316.317.1
203413.313.316.417.2
203513.313.316.517.3
203613.313.316.617.4
203713.313.316.617.5
203813.313.316.717.5
203913.313.316.717.6
204013.313.316.817.6
204113.313.316.817.6
204213.313.316.817.7
204313.313.416.817.7
204413.313.416.817.7
204513.313.416.917.7
204613.313.416.917.7
204713.313.416.917.7
204813.313.416.917.8
204913.313.417.017.8
205013.313.417.017.8
205113.313.417.017.9
205213.313.417.117.9
205313.313.417.118.0
205413.313.417.218.0
205513.313.417.218.1
205613.313.417.318.2
205713.413.417.418.2
205813.413.417.518.3
205913.413.417.518.4
206013.413.417.618.5
206113.413.417.718.6
206213.413.417.818.6
206313.413.417.818.7
206413.413.417.918.8
206513.413.517.918.8
206613.413.518.018.9
206713.413.518.119.0
206813.413.518.119.0
206913.413.518.219.1
207013.413.518.219.1
207113.413.518.319.2
207213.413.518.319.2
207313.413.518.419.3
207413.413.518.419.3
207513.413.518.519.4
207613.413.518.519.4
207713.413.518.519.4
207813.413.518.519.4
207913.413.518.519.4
208013.413.518.519.4
208113.413.518.419.4
208213.413.518.419.3
208313.413.518.319.3
208413.413.518.319.2
208513.413.518.219.1
208613.413.518.219.1
208713.413.518.119.0
208813.413.518.018.9
208913.413.518.018.8
209013.413.517.918.8
209113.413.517.818.7
209213.413.517.818.7
209313.413.517.818.7
209413.413.517.818.6
209513.413.517.718.6
209613.413.517.718.6
209713.413.517.818.6
209813.413.517.818.7
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