Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2026-2031, until the rate reaches 13.0 percent for 2031 and later.

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
202412.912.914.914.9
202513.013.015.015.0
202613.113.215.215.2
202713.113.315.415.4
202813.113.415.615.6
202913.213.515.715.7
203013.213.715.915.9
203113.213.816.016.0
203213.213.816.116.1
203313.213.816.316.3
203413.313.816.416.4
203513.313.816.516.5
203613.313.816.616.6
203713.313.916.616.6
203813.313.916.716.7
203913.313.916.716.7
204013.313.916.816.8
204113.313.916.816.8
204213.313.916.816.8
204313.313.916.816.8
204413.313.916.816.8
204513.313.916.916.8
204613.313.916.916.9
204713.313.916.916.9
204813.313.916.916.9
204913.313.917.016.9
205013.313.917.017.0
205113.313.917.017.0
205213.313.917.117.0
205313.313.917.117.1
205413.313.917.217.1
205513.313.917.217.2
205613.313.917.317.3
205713.413.917.417.3
205813.413.917.517.4
205913.413.917.517.5
206013.413.917.617.6
206113.414.017.717.7
206213.414.017.817.7
206313.414.017.817.8
206413.414.017.917.8
206513.414.017.917.9
206613.414.018.018.0
206713.414.018.118.0
206813.414.018.118.1
206913.414.018.218.1
207013.414.018.218.2
207113.414.018.318.2
207213.414.018.318.3
207313.414.018.418.3
207413.414.018.418.4
207513.414.018.518.4
207613.414.018.518.5
207713.414.018.518.5
207813.414.018.518.5
207913.414.018.518.5
208013.414.018.518.4
208113.414.018.418.4
208213.414.018.418.4
208313.414.018.318.3
208413.414.018.318.3
208513.414.018.218.2
208613.414.018.218.1
208713.414.018.118.1
208813.414.018.018.0
208913.414.018.017.9
209013.414.017.917.9
209113.414.017.817.8
209213.414.017.817.8
209313.414.017.817.7
209413.414.017.817.7
209513.414.017.717.7
209613.414.017.717.7
209713.414.017.817.7
209813.414.017.817.7
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