Proposed Provision: In 2009 through 2011, raise the OASDI contribution and benefit base from $102,000 to $110,000 (in 2008 AWI indexed dollars). For years after 2011, the contribution and benefit base would be increased based on changes in SSA's average wage index. Additional earnings subject to the OASDI payroll tax would be credited for benefit calculation purposes.
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
  |
Income Rates |
Cost Rates |
Year |
Present Law |
Provision |
Present Law |
Provision |
| | | | |
2008 | 12.8 | 12.8 | 11.2 | 11.2 |
2009 | 12.8 | 12.8 | 11.3 | 11.2 |
2010 | 12.8 | 12.8 | 11.4 | 11.3 |
2011 | 12.8 | 12.8 | 11.5 | 11.4 |
2012 | 12.9 | 12.9 | 11.8 | 11.6 |
2013 | 12.9 | 12.9 | 12.0 | 11.9 |
2014 | 12.9 | 12.9 | 12.3 | 12.2 |
2015 | 12.9 | 12.9 | 12.6 | 12.5 |
2016 | 13.0 | 13.0 | 12.9 | 12.8 |
2017 | 13.0 | 13.0 | 13.2 | 13.1 |
2018 | 13.0 | 13.0 | 13.5 | 13.4 |
2019 | 13.0 | 13.0 | 13.8 | 13.7 |
2020 | 13.0 | 13.0 | 14.1 | 14.0 |
2021 | 13.1 | 13.1 | 14.4 | 14.2 |
2022 | 13.1 | 13.1 | 14.7 | 14.5 |
2023 | 13.1 | 13.1 | 14.9 | 14.8 |
2024 | 13.1 | 13.1 | 15.2 | 15.0 |
2025 | 13.1 | 13.1 | 15.4 | 15.2 |
2026 | 13.1 | 13.1 | 15.7 | 15.5 |
2027 | 13.2 | 13.1 | 15.9 | 15.7 |
2028 | 13.2 | 13.2 | 16.1 | 15.9 |
2029 | 13.2 | 13.2 | 16.2 | 16.0 |
2030 | 13.2 | 13.2 | 16.4 | 16.2 |
2031 | 13.2 | 13.2 | 16.5 | 16.3 |
2032 | 13.2 | 13.2 | 16.7 | 16.4 |
2033 | 13.2 | 13.2 | 16.7 | 16.5 |
2034 | 13.2 | 13.2 | 16.8 | 16.6 |
2035 | 13.2 | 13.2 | 16.8 | 16.6 |
2036 | 13.2 | 13.2 | 16.9 | 16.7 |
2037 | 13.2 | 13.2 | 16.9 | 16.7 |
2038 | 13.2 | 13.2 | 16.9 | 16.7 |
2039 | 13.2 | 13.2 | 16.8 | 16.6 |
2040 | 13.2 | 13.2 | 16.8 | 16.6 |
2041 | 13.2 | 13.2 | 16.8 | 16.6 |
2042 | 13.2 | 13.2 | 16.7 | 16.5 |
2043 | 13.2 | 13.2 | 16.7 | 16.5 |
2044 | 13.2 | 13.2 | 16.7 | 16.5 |
2045 | 13.2 | 13.2 | 16.6 | 16.4 |
2046 | 13.2 | 13.2 | 16.6 | 16.4 |
2047 | 13.2 | 13.2 | 16.6 | 16.4 |
2048 | 13.2 | 13.2 | 16.5 | 16.4 |
2049 | 13.2 | 13.2 | 16.5 | 16.3 |
2050 | 13.2 | 13.2 | 16.5 | 16.3 |
2051 | 13.2 | 13.2 | 16.5 | 16.3 |
2052 | 13.2 | 13.2 | 16.5 | 16.4 |
2053 | 13.2 | 13.2 | 16.5 | 16.4 |
2054 | 13.2 | 13.2 | 16.5 | 16.4 |
2055 | 13.2 | 13.2 | 16.6 | 16.4 |
2056 | 13.2 | 13.2 | 16.6 | 16.4 |
2057 | 13.2 | 13.2 | 16.6 | 16.5 |
2058 | 13.2 | 13.2 | 16.6 | 16.5 |
2059 | 13.2 | 13.2 | 16.7 | 16.5 |
2060 | 13.2 | 13.2 | 16.7 | 16.5 |
2061 | 13.2 | 13.2 | 16.7 | 16.6 |
2062 | 13.2 | 13.2 | 16.7 | 16.6 |
2063 | 13.3 | 13.2 | 16.8 | 16.6 |
2064 | 13.3 | 13.3 | 16.8 | 16.6 |
2065 | 13.3 | 13.3 | 16.8 | 16.7 |
2066 | 13.3 | 13.3 | 16.9 | 16.7 |
2067 | 13.3 | 13.3 | 16.9 | 16.7 |
2068 | 13.3 | 13.3 | 16.9 | 16.8 |
2069 | 13.3 | 13.3 | 16.9 | 16.8 |
2070 | 13.3 | 13.3 | 17.0 | 16.8 |
2071 | 13.3 | 13.3 | 17.0 | 16.9 |
2072 | 13.3 | 13.3 | 17.1 | 16.9 |
2073 | 13.3 | 13.3 | 17.1 | 17.0 |
2074 | 13.3 | 13.3 | 17.1 | 17.0 |
2075 | 13.3 | 13.3 | 17.2 | 17.0 |
2076 | 13.3 | 13.3 | 17.2 | 17.1 |
2077 | 13.3 | 13.3 | 17.3 | 17.1 |
2078 | 13.3 | 13.3 | 17.3 | 17.2 |
2079 | 13.3 | 13.3 | 17.4 | 17.2 |
2080 | 13.3 | 13.3 | 17.4 | 17.3 |
2081 | 13.3 | 13.3 | 17.5 | 17.3 |
2082 | 13.3 | 13.3 | 17.5 | 17.4 |
2083 | 13.3 | 13.3 | 17.5 | 17.4 |
2084 | 13.3 | 13.3 | 17.6 | 17.5 |
2085 | 13.3 | 13.3 | 17.6 | 17.5 |
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