Number |
Table and graph selection |
E1.1 |
Increase the payroll tax rate (currently 12.4 percent) to 14.8 percent in
2012 and later.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E1.2 |
Increase the payroll tax rate (currently 12.4 percent) to 14.6 percent in
2024-2053, and to 16.8 percent in years 2054 and later.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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E1.3 |
Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in
2012 and later.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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E1.4 |
Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage
point each year from 2017-2036, until the rate reaches 14.4 percent in
2036 and later.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E1.5 |
Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2014,
12.9 percent in 2022, 13.1 in percent in 2032, 13.9 percent in 2042, 13.5 percent
in 2052, and 13.3 percent in 2062.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E1.6 |
Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2014,
12.9 percent in 2022, 13.3 in percent in 2032, 13.8 percent in 2042, 14.4 percent
in 2062, and 14.5 percent in 2077.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E1.7 |
Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2014, 13.0
percent in 2027, 13.3 in percent in 2042, 14.0 percent in 2062, 14.5 percent in 2072,
and 14.7 percent in 2082.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.1 |
Eliminate the taxable maximum in years 2012 and later, and apply full 12.4 percent
payroll tax rate to all earnings. Do not provide benefit credit for earnings above
the current-law taxable maximum.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.2 |
Eliminate the taxable maximum in years 2012 and later, and apply full 12.4 percent
payroll tax rate to all earnings. Provide benefit credit for earnings above the
current-law taxable maximum.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.3 |
Eliminate the taxable maximum in years 2012 and later, and apply full 12.4 percent
payroll tax rate to all earnings. Provide benefit credit for earnings above the
current-law taxable maximum, adding a bend point at the current-law taxable maximum
and applying a formula factor of 3 percent for AIME above this new bend point.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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E2.4 |
Eliminate the taxable maximum for years 2018 and later (phased in 2012-2017), and apply
full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings
above the current-law taxable maximum that were taxed after 2011, using a secondary PIA
formula. This secondary PIA formula uses: (1) an “AIME+” derived from annual earnings
from each year after 2011 that were in excess of that year’s current-law taxable maximum;
(2) a bend point equal to 134 percent higher of the monthly current-law taxable maximum;
and (3) formula factors of 3 percent and 0.25 percent, respectively.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.5 |
Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2012, and
tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide
benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memoranda containing this or a similar provision:
|
E2.6 |
Apply a 3 percent payroll tax on earnings above the current-law taxable maximum
starting in 2012. Do not provide benefit credit for earnings above the current-law
taxable maximum.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.7 |
Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting
in 2012. Do not provide benefit credit for earnings above the current-law taxable maximum.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.8 |
Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years
2014-2061, and a 3 percent rate for years 2062 and later. Do not provide benefit credit for
earnings above the current-law taxable maximum.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.9 |
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.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E2.10 |
Eliminate the taxable maximum in years 2022 and later (phase in by applying a portion of the
payroll tax rate to earnings above the current-law taxable maximum: 1.24 percent in 2013; 2.48
percent in 2014; …; 11.16 percent in 2021). Provide benefit credit for earnings above the
current-law taxable maximum (phased in at the same proportion as the payroll tax rate during
2013-2021). Revise the benefit formula by adding a bend point at the current-law taxable
maximum and applying a formula factor of 5 percent for AIME above this new bend point.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.1 |
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll
tax (phased in 2012-2021). Provide benefit credit for earnings up to the revised taxable
maximum levels.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.2 |
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll
tax (phased in 2012-2021). Do not provide benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.3 |
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll
tax (phased in 2013-2018). Provide benefit credit for earnings up to the revised taxable maximum
levels.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.4 |
Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in
2012-2014. Provide benefit credit for earnings up to the revised taxable maximum levels.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.5 |
Increase the taxable maximum each year by an additional 2 percent beginning in 2012 until
taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings
up to the revised taxable maximum levels.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memoranda containing this or a similar provision:
|
E3.6 |
Increase the taxable maximum each year by an additional 2 percent beginning in 2014 until
taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for
additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.7 |
Increase the taxable maximum by an additional 2 percent per year beginning in 2013
until taxable earnings equal 90 percent of covered earnings. Provide benefit credit
for earnings up to the revised taxable maximum levels. Create a new bend point equal
to the current-law taxable maximum with a 5 percent formula factor applying above the
new bend point.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.8 |
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $200,000 in 2017, with the threshold wage-indexed after 2019. Provide
proportional benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.9 |
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $200,000 in 2017, with the threshold wage-indexed after 2019. Do not
provide benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.10 |
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $300,000 in 2017, with the threshold wage-indexed after 2019. Provide
proportional benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.11 |
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $300,000 in 2017, with the threshold wage-indexed after 2019. Do not
provide benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.12 |
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $400,000 in 2017, with the threshold wage-indexed after 2019. Provide
proportional benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.13 |
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $400,000 in 2017, with the threshold wage-indexed after 2019. Do not
provide benefit credit for additional earnings taxed.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.14 |
Eliminate the taxable maximum for the employer payroll tax (6.2 percent)
beginning in 2012. For the employee payroll tax (6.2 percent) and for benefit
calculation purposes, beginning in 2012, increase the taxable maximum by an additional
2 percent per year until taxable earnings equal 90 percent of covered earnings.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
E3.15 |
Increase the taxable maximum until taxable earnings equal 90 percent of covered
earnings (phased in 2012-2021). In addition, apply a tax rate of 6.2 percent for
earnings above the revised taxable maximum (phased in from 2012-2021). Provide benefit
credit on earnings taxed up to the revised taxable maximum.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
|
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Above provisions
Summary measures
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