Proposed Provision: Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2015, 3.0 percent in 2028, 3.5 percent in 2043, 4.5 percent in 2053, and 5.5 percent in 2063 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 |
| 2012 | 12.9 | 12.9 | 13.8 | 13.8 |
| 2013 | 12.8 | 12.8 | 14.0 | 14.0 |
| 2014 | 12.9 | 12.9 | 14.0 | 14.0 |
| 2015 | 13.0 | 13.3 | 14.0 | 14.0 |
| 2016 | 13.0 | 13.4 | 13.9 | 13.9 |
| 2017 | 13.0 | 13.4 | 13.9 | 13.9 |
| 2018 | 13.0 | 13.5 | 14.0 | 14.0 |
| 2019 | 13.1 | 13.5 | 14.1 | 14.1 |
| 2020 | 13.1 | 13.5 | 14.4 | 14.4 |
| 2021 | 13.1 | 13.5 | 14.7 | 14.7 |
| 2022 | 13.1 | 13.5 | 15.0 | 15.0 |
| 2023 | 13.1 | 13.5 | 15.3 | 15.3 |
| 2024 | 13.2 | 13.6 | 15.6 | 15.6 |
| 2025 | 13.2 | 13.6 | 15.9 | 15.9 |
| 2026 | 13.2 | 13.6 | 16.2 | 16.1 |
| 2027 | 13.2 | 13.6 | 16.4 | 16.4 |
| 2028 | 13.2 | 13.8 | 16.6 | 16.6 |
| 2029 | 13.2 | 13.8 | 16.8 | 16.8 |
| 2030 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2031 | 13.3 | 13.9 | 17.1 | 17.1 |
| 2032 | 13.3 | 13.9 | 17.2 | 17.2 |
| 2033 | 13.3 | 13.9 | 17.3 | 17.3 |
| 2034 | 13.3 | 13.9 | 17.4 | 17.4 |
| 2035 | 13.3 | 13.9 | 17.4 | 17.4 |
| 2036 | 13.3 | 13.9 | 17.4 | 17.4 |
| 2037 | 13.3 | 13.9 | 17.4 | 17.4 |
| 2038 | 13.3 | 13.9 | 17.4 | 17.4 |
| 2039 | 13.3 | 13.9 | 17.4 | 17.4 |
| 2040 | 13.3 | 13.9 | 17.4 | 17.3 |
| 2041 | 13.3 | 13.9 | 17.3 | 17.3 |
| 2042 | 13.3 | 13.9 | 17.3 | 17.3 |
| 2043 | 13.3 | 14.0 | 17.2 | 17.2 |
| 2044 | 13.3 | 14.0 | 17.2 | 17.2 |
| 2045 | 13.3 | 14.0 | 17.2 | 17.2 |
| 2046 | 13.3 | 14.0 | 17.2 | 17.1 |
| 2047 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2048 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2049 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2050 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2051 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2052 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2053 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2054 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2055 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2056 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2057 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2058 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2059 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2060 | 13.3 | 14.2 | 17.2 | 17.1 |
| 2061 | 13.3 | 14.2 | 17.2 | 17.1 |
| 2062 | 13.3 | 14.2 | 17.2 | 17.1 |
| 2063 | 13.3 | 14.4 | 17.2 | 17.2 |
| 2064 | 13.3 | 14.4 | 17.2 | 17.2 |
| 2065 | 13.3 | 14.4 | 17.2 | 17.2 |
| 2066 | 13.3 | 14.4 | 17.2 | 17.2 |
| 2067 | 13.3 | 14.4 | 17.2 | 17.2 |
| 2068 | 13.3 | 14.4 | 17.3 | 17.2 |
| 2069 | 13.3 | 14.4 | 17.3 | 17.3 |
| 2070 | 13.3 | 14.4 | 17.3 | 17.3 |
| 2071 | 13.3 | 14.4 | 17.4 | 17.3 |
| 2072 | 13.3 | 14.4 | 17.4 | 17.3 |
| 2073 | 13.3 | 14.4 | 17.4 | 17.4 |
| 2074 | 13.3 | 14.4 | 17.4 | 17.4 |
| 2075 | 13.3 | 14.4 | 17.5 | 17.4 |
| 2076 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2077 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2078 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2079 | 13.3 | 14.4 | 17.6 | 17.5 |
| 2080 | 13.3 | 14.4 | 17.6 | 17.6 |
| 2081 | 13.3 | 14.4 | 17.6 | 17.6 |
| 2082 | 13.3 | 14.4 | 17.7 | 17.6 |
| 2083 | 13.3 | 14.4 | 17.7 | 17.7 |
| 2084 | 13.3 | 14.4 | 17.8 | 17.7 |
| 2085 | 13.3 | 14.4 | 17.8 | 17.8 |
| 2086 | 13.3 | 14.4 | 17.8 | 17.8 |
| 2087 | 13.3 | 14.4 | 17.9 | 17.8 |
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