Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2015, 13.0 percent in 2028, 13.3 in percent in 2043, 14.0 percent in 2063, 14.5 percent in 2073, and 14.7 percent in 2083 and later.

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

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201212.912.913.813.8
201312.812.814.014.0
201412.912.914.014.0
201513.013.214.014.0
201613.013.313.913.9
201713.013.313.913.9
201813.013.314.014.0
201913.113.314.114.1
202013.113.414.414.4
202113.113.414.714.7
202213.113.415.015.0
202313.113.415.315.3
202413.213.415.615.6
202513.213.515.915.9
202613.213.516.216.2
202713.213.516.416.4
202813.213.816.616.6
202913.213.816.816.8
203013.213.817.017.0
203113.313.817.117.1
203213.313.817.217.2
203313.313.817.317.3
203413.313.817.417.4
203513.313.917.417.4
203613.313.917.417.4
203713.313.917.417.4
203813.313.917.417.4
203913.313.917.417.4
204013.313.917.417.4
204113.313.917.317.3
204213.313.917.317.3
204313.314.117.217.2
204413.314.117.217.2
204513.314.117.217.2
204613.314.117.217.1
204713.314.117.117.1
204813.314.117.117.1
204913.314.117.117.1
205013.314.117.117.1
205113.314.117.117.1
205213.314.117.117.1
205313.314.117.117.1
205413.314.117.117.1
205513.314.117.117.1
205613.314.117.117.1
205713.314.117.117.1
205813.314.117.117.1
205913.314.117.117.1
206013.314.117.217.1
206113.314.117.217.1
206213.314.117.217.1
206313.314.817.217.2
206413.314.817.217.2
206513.314.817.217.2
206613.314.817.217.2
206713.314.817.217.2
206813.314.817.317.2
206913.314.817.317.3
207013.314.817.317.3
207113.314.817.417.3
207213.314.817.417.3
207313.315.317.417.4
207413.315.317.417.4
207513.315.317.517.4
207613.315.317.517.5
207713.315.317.517.5
207813.315.317.517.5
207913.315.317.617.5
208013.315.317.617.6
208113.315.317.617.6
208213.315.317.717.6
208313.315.517.717.7
208413.315.517.817.7
208513.315.517.817.8
208613.315.517.817.8
208713.315.517.917.8
back