Proposed Provision: Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2016, 3.0 percent in 2029, 3.5 percent in 2044, 4.5 percent in 2054, and 5.5 percent in 2064 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 |
| 2013 | 12.7 | 12.7 | 13.9 | 13.9 |
| 2014 | 12.8 | 12.8 | 14.0 | 14.0 |
| 2015 | 12.9 | 12.9 | 14.0 | 14.0 |
| 2016 | 12.9 | 13.3 | 13.9 | 13.9 |
| 2017 | 12.9 | 13.3 | 13.9 | 13.9 |
| 2018 | 12.9 | 13.3 | 13.9 | 13.9 |
| 2019 | 12.9 | 13.4 | 14.1 | 14.1 |
| 2020 | 13.0 | 13.4 | 14.3 | 14.3 |
| 2021 | 13.0 | 13.4 | 14.4 | 14.4 |
| 2022 | 13.0 | 13.4 | 14.7 | 14.7 |
| 2023 | 13.0 | 13.4 | 15.0 | 15.0 |
| 2024 | 13.1 | 13.5 | 15.2 | 15.2 |
| 2025 | 13.1 | 13.5 | 15.5 | 15.5 |
| 2026 | 13.1 | 13.5 | 15.7 | 15.7 |
| 2027 | 13.1 | 13.5 | 15.9 | 15.9 |
| 2028 | 13.1 | 13.5 | 16.1 | 16.1 |
| 2029 | 13.1 | 13.7 | 16.3 | 16.3 |
| 2030 | 13.1 | 13.7 | 16.5 | 16.5 |
| 2031 | 13.1 | 13.7 | 16.6 | 16.6 |
| 2032 | 13.1 | 13.7 | 16.8 | 16.7 |
| 2033 | 13.2 | 13.8 | 16.9 | 16.9 |
| 2034 | 13.2 | 13.8 | 16.9 | 16.9 |
| 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 | 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 | 16.9 | 16.9 |
| 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 | 16.8 |
| 2047 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2048 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2049 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2050 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2051 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2052 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2053 | 13.2 | 13.9 | 16.8 | 16.8 |
| 2054 | 13.2 | 14.1 | 16.9 | 16.9 |
| 2055 | 13.2 | 14.1 | 16.9 | 16.9 |
| 2056 | 13.2 | 14.1 | 17.0 | 16.9 |
| 2057 | 13.2 | 14.1 | 17.0 | 17.0 |
| 2058 | 13.2 | 14.1 | 17.0 | 17.0 |
| 2059 | 13.2 | 14.1 | 17.1 | 17.1 |
| 2060 | 13.2 | 14.1 | 17.1 | 17.1 |
| 2061 | 13.2 | 14.1 | 17.2 | 17.2 |
| 2062 | 13.2 | 14.1 | 17.2 | 17.2 |
| 2063 | 13.2 | 14.1 | 17.3 | 17.2 |
| 2064 | 13.2 | 14.3 | 17.3 | 17.3 |
| 2065 | 13.2 | 14.3 | 17.4 | 17.3 |
| 2066 | 13.2 | 14.3 | 17.4 | 17.4 |
| 2067 | 13.2 | 14.3 | 17.4 | 17.4 |
| 2068 | 13.2 | 14.3 | 17.5 | 17.5 |
| 2069 | 13.2 | 14.3 | 17.5 | 17.5 |
| 2070 | 13.2 | 14.3 | 17.6 | 17.6 |
| 2071 | 13.2 | 14.3 | 17.6 | 17.6 |
| 2072 | 13.2 | 14.3 | 17.7 | 17.6 |
| 2073 | 13.2 | 14.3 | 17.7 | 17.7 |
| 2074 | 13.2 | 14.3 | 17.7 | 17.7 |
| 2075 | 13.2 | 14.3 | 17.7 | 17.7 |
| 2076 | 13.2 | 14.3 | 17.7 | 17.7 |
| 2077 | 13.2 | 14.3 | 17.7 | 17.7 |
| 2078 | 13.2 | 14.3 | 17.7 | 17.7 |
| 2079 | 13.2 | 14.3 | 17.7 | 17.7 |
| 2080 | 13.2 | 14.3 | 17.8 | 17.7 |
| 2081 | 13.2 | 14.3 | 17.8 | 17.7 |
| 2082 | 13.2 | 14.3 | 17.8 | 17.8 |
| 2083 | 13.2 | 14.3 | 17.8 | 17.8 |
| 2084 | 13.2 | 14.3 | 17.9 | 17.8 |
| 2085 | 13.2 | 14.3 | 17.9 | 17.9 |
| 2086 | 13.2 | 14.3 | 18.0 | 17.9 |
| 2087 | 13.2 | 14.4 | 18.0 | 18.0 |
| 2088 | 13.2 | 14.4 | 18.1 | 18.0 |
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