Proposed Provision: E2.9. Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2020, 3.0 percent in 2033, 3.5 percent in 2048, 4.5 percent in 2058, and 5.5 percent in 2068 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 |
Current Law |
Provision |
Current Law |
Provision |
| 2017 | 13.0 | 13.0 | 13.4 | 13.4 |
| 2018 | 12.9 | 12.9 | 13.5 | 13.5 |
| 2019 | 12.9 | 12.9 | 13.7 | 13.7 |
| 2020 | 13.0 | 13.3 | 13.9 | 13.9 |
| 2021 | 13.0 | 13.4 | 14.0 | 14.0 |
| 2022 | 13.0 | 13.4 | 14.3 | 14.3 |
| 2023 | 13.0 | 13.4 | 14.5 | 14.5 |
| 2024 | 13.1 | 13.5 | 14.8 | 14.8 |
| 2025 | 13.1 | 13.5 | 15.1 | 15.1 |
| 2026 | 13.1 | 13.5 | 15.4 | 15.4 |
| 2027 | 13.2 | 13.6 | 15.6 | 15.6 |
| 2028 | 13.2 | 13.6 | 15.9 | 15.9 |
| 2029 | 13.2 | 13.6 | 16.1 | 16.1 |
| 2030 | 13.2 | 13.6 | 16.3 | 16.3 |
| 2031 | 13.2 | 13.6 | 16.4 | 16.4 |
| 2032 | 13.2 | 13.6 | 16.6 | 16.6 |
| 2033 | 13.2 | 13.8 | 16.7 | 16.7 |
| 2034 | 13.2 | 13.8 | 16.8 | 16.8 |
| 2035 | 13.2 | 13.8 | 16.9 | 16.9 |
| 2036 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2037 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2038 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2039 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2040 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2041 | 13.2 | 13.8 | 16.9 | 16.9 |
| 2042 | 13.2 | 13.8 | 16.9 | 16.9 |
| 2043 | 13.2 | 13.8 | 16.8 | 16.8 |
| 2044 | 13.2 | 13.8 | 16.8 | 16.8 |
| 2045 | 13.2 | 13.8 | 16.7 | 16.7 |
| 2046 | 13.2 | 13.8 | 16.7 | 16.7 |
| 2047 | 13.2 | 13.8 | 16.6 | 16.6 |
| 2048 | 13.2 | 13.9 | 16.6 | 16.6 |
| 2049 | 13.2 | 13.9 | 16.6 | 16.6 |
| 2050 | 13.2 | 13.9 | 16.6 | 16.6 |
| 2051 | 13.2 | 13.9 | 16.6 | 16.5 |
| 2052 | 13.2 | 13.9 | 16.6 | 16.5 |
| 2053 | 13.2 | 13.9 | 16.6 | 16.6 |
| 2054 | 13.2 | 13.9 | 16.6 | 16.6 |
| 2055 | 13.2 | 13.9 | 16.6 | 16.6 |
| 2056 | 13.2 | 13.9 | 16.7 | 16.6 |
| 2057 | 13.2 | 13.9 | 16.7 | 16.7 |
| 2058 | 13.2 | 14.1 | 16.7 | 16.7 |
| 2059 | 13.2 | 14.1 | 16.8 | 16.8 |
| 2060 | 13.3 | 14.1 | 16.8 | 16.8 |
| 2061 | 13.3 | 14.1 | 16.9 | 16.9 |
| 2062 | 13.3 | 14.2 | 16.9 | 16.9 |
| 2063 | 13.3 | 14.2 | 17.0 | 16.9 |
| 2064 | 13.3 | 14.2 | 17.0 | 17.0 |
| 2065 | 13.3 | 14.2 | 17.1 | 17.0 |
| 2066 | 13.3 | 14.2 | 17.1 | 17.1 |
| 2067 | 13.3 | 14.2 | 17.2 | 17.1 |
| 2068 | 13.3 | 14.4 | 17.2 | 17.2 |
| 2069 | 13.3 | 14.4 | 17.3 | 17.2 |
| 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 | 17.4 |
| 2073 | 13.3 | 14.4 | 17.4 | 17.4 |
| 2074 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2075 | 13.3 | 14.4 | 17.5 | 17.5 |
| 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 | 17.5 | 17.5 |
| 2080 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2081 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2082 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2083 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2084 | 13.3 | 14.4 | 17.5 | 17.5 |
| 2085 | 13.3 | 14.4 | 17.6 | 17.5 |
| 2086 | 13.3 | 14.4 | 17.6 | 17.5 |
| 2087 | 13.3 | 14.4 | 17.6 | 17.6 |
| 2088 | 13.3 | 14.4 | 17.7 | 17.6 |
| 2089 | 13.3 | 14.4 | 17.7 | 17.7 |
| 2090 | 13.3 | 14.4 | 17.7 | 17.7 |
| 2091 | 13.3 | 14.4 | 17.8 | 17.8 |
| 2092 | 13.3 | 14.4 | 17.8 | 17.8 |
back