Proposed Provision: Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2014, 3.0 percent in 2027, 3.5 percent in 2042, 4.5 percent in 2052, and 5.5 percent in 2062 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 |
| 2011 | 12.5 | 12.5 | 13.3 | 13.3 |
| 2012 | 12.9 | 12.9 | 13.2 | 13.2 |
| 2013 | 12.9 | 12.9 | 13.2 | 13.2 |
| 2014 | 12.9 | 13.3 | 13.2 | 13.2 |
| 2015 | 12.9 | 13.3 | 13.2 | 13.2 |
| 2016 | 13.0 | 13.3 | 13.3 | 13.3 |
| 2017 | 13.0 | 13.4 | 13.5 | 13.5 |
| 2018 | 13.0 | 13.4 | 13.6 | 13.6 |
| 2019 | 13.0 | 13.4 | 13.9 | 13.9 |
| 2020 | 13.1 | 13.4 | 14.2 | 14.2 |
| 2021 | 13.1 | 13.5 | 14.5 | 14.5 |
| 2022 | 13.1 | 13.5 | 14.8 | 14.8 |
| 2023 | 13.1 | 13.5 | 15.1 | 15.1 |
| 2024 | 13.1 | 13.5 | 15.4 | 15.4 |
| 2025 | 13.1 | 13.5 | 15.7 | 15.7 |
| 2026 | 13.2 | 13.5 | 15.9 | 15.9 |
| 2027 | 13.2 | 13.7 | 16.1 | 16.1 |
| 2028 | 13.2 | 13.8 | 16.3 | 16.3 |
| 2029 | 13.2 | 13.8 | 16.5 | 16.5 |
| 2030 | 13.2 | 13.8 | 16.7 | 16.7 |
| 2031 | 13.2 | 13.8 | 16.8 | 16.8 |
| 2032 | 13.2 | 13.8 | 16.9 | 16.8 |
| 2033 | 13.2 | 13.8 | 16.9 | 16.9 |
| 2034 | 13.2 | 13.8 | 17.0 | 17.0 |
| 2035 | 13.2 | 13.8 | 17.0 | 17.0 |
| 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 | 16.9 |
| 2041 | 13.2 | 13.8 | 16.9 | 16.9 |
| 2042 | 13.2 | 13.9 | 16.9 | 16.9 |
| 2043 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2044 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2045 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2046 | 13.2 | 13.9 | 16.8 | 16.7 |
| 2047 | 13.2 | 13.9 | 16.7 | 16.7 |
| 2048 | 13.2 | 13.9 | 16.7 | 16.7 |
| 2049 | 13.2 | 13.9 | 16.7 | 16.7 |
| 2050 | 13.2 | 13.9 | 16.7 | 16.7 |
| 2051 | 13.2 | 13.9 | 16.7 | 16.7 |
| 2052 | 13.2 | 14.1 | 16.7 | 16.7 |
| 2053 | 13.2 | 14.1 | 16.7 | 16.7 |
| 2054 | 13.2 | 14.1 | 16.7 | 16.7 |
| 2055 | 13.3 | 14.1 | 16.7 | 16.7 |
| 2056 | 13.3 | 14.1 | 16.7 | 16.7 |
| 2057 | 13.3 | 14.1 | 16.8 | 16.7 |
| 2058 | 13.3 | 14.1 | 16.8 | 16.8 |
| 2059 | 13.3 | 14.1 | 16.8 | 16.8 |
| 2060 | 13.3 | 14.1 | 16.8 | 16.8 |
| 2061 | 13.3 | 14.1 | 16.8 | 16.8 |
| 2062 | 13.3 | 14.3 | 16.8 | 16.8 |
| 2063 | 13.3 | 14.3 | 16.8 | 16.8 |
| 2064 | 13.3 | 14.3 | 16.8 | 16.8 |
| 2065 | 13.3 | 14.3 | 16.9 | 16.8 |
| 2066 | 13.3 | 14.3 | 16.9 | 16.9 |
| 2067 | 13.3 | 14.3 | 16.9 | 16.9 |
| 2068 | 13.3 | 14.3 | 16.9 | 16.9 |
| 2069 | 13.3 | 14.3 | 17.0 | 16.9 |
| 2070 | 13.3 | 14.3 | 17.0 | 17.0 |
| 2071 | 13.3 | 14.3 | 17.0 | 17.0 |
| 2072 | 13.3 | 14.3 | 17.1 | 17.0 |
| 2073 | 13.3 | 14.3 | 17.1 | 17.1 |
| 2074 | 13.3 | 14.3 | 17.1 | 17.1 |
| 2075 | 13.3 | 14.3 | 17.2 | 17.1 |
| 2076 | 13.3 | 14.3 | 17.2 | 17.2 |
| 2077 | 13.3 | 14.3 | 17.2 | 17.2 |
| 2078 | 13.3 | 14.3 | 17.3 | 17.3 |
| 2079 | 13.3 | 14.4 | 17.3 | 17.3 |
| 2080 | 13.3 | 14.4 | 17.4 | 17.3 |
| 2081 | 13.3 | 14.4 | 17.4 | 17.4 |
| 2082 | 13.3 | 14.4 | 17.4 | 17.4 |
| 2083 | 13.3 | 14.4 | 17.5 | 17.4 |
| 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 | 17.6 |
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