Number |
Table and graph selection |
E1.1 |
Increase the payroll tax rate (currently 12.4 percent) to 15.3 percent in
2014 and later.
Summary measures and graphs
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Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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E1.2 |
Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2026-2055,
and to 18.0 percent in years 2056 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 2014 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 2019-2038, until the rate reaches 14.4
percent in 2038 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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E1.5 |
Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2016, 12.9 percent
in 2024, 13.1 in percent in 2034, 13.9 percent in 2044, 13.5 percent in 2054, and 13.3 percent
in 2064 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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E1.6 |
Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2016, 12.9 percent
in 2024, 13.3 in percent in 2034, 13.8 percent in 2044, 14.4 percent in 2064, and 14.5 percent
in 2079 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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E1.7 |
Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2016, 13.0 percent
in 2029, 13.3 in percent in 2044, 14.0 percent in 2064, 14.5 percent in 2074, and 14.7
percent in 2084 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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E1.8 |
Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year
from 2016-2021, until the rate reaches 13.0 percent for 2021 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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E2.1 |
Eliminate the taxable maximum in years 2014 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:
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E2.2 |
Eliminate the taxable maximum in years 2014 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:
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E2.3 |
Eliminate the taxable maximum in years 2014 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 2020 and later (phased in
2014-2019), 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 2013, using a secondary PIA
formula. This secondary PIA formula uses: (1) an "AIME+" derived from
annual earnings from each year after 2013 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:
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E2.5 |
Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2014, 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:
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E2.6 |
Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in
2014. Do not provide benefit credit for earnings above the current-law taxable maximum.
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Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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E2.7 |
Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in
2014. 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:
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E2.8 |
Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years
2016-2063, and a 3 percent rate for years 2064 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 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.
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 2024 and later. Phase in elimination by taxing all
earnings above the current-law taxable maximum at: 1.24 percent in 2015, 2.48 percent in
2016, and so on, up to 11.16 percent in 2023. 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 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:
|
E2.11 |
Eliminate the taxable maximum in years 2019 and later. Phase in elimination by taxing
all earnings above the current law taxable maximum at: 2.48 percent in 2015, 4.96 percent
in 2016, and so on, up to 12.40 percent in 2019. Credit the additional earnings for benefit
purposes by: (a) calculating a second average indexed monthly earnings ("AIME+") reflecting
only earnings taxed above the current law taxable maximum, (b) applying a 5 percent factor
on this newly computed "AIME+" to develop a second component of the PIA, and (c) adding this
second component to the current-law PIA.
Summary measures and graphs
(PDF version)
Detailed single year tables
(PDF version)
Memorandum containing this or a similar provision:
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E2.12 |
Eliminate the taxable maximum in years 2025 and later. Phase in
elimination by taxing all earnings above the current-law taxable
maximum at: 1.24 percent in 2016, 2.48 percent in 2017, and so on, up
to 11.16 percent in 2024. 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 the 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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E2.13 |
Apply OASDI payroll tax rate on earnings above $400,000 starting in
2015, and tax all earnings once the current-law taxable maximum exceeds
$400,000. Credit the additional earnings for benefit purposes by: (a)
calculating a second average indexed monthly earnings ("AIME+")
reflecting only earnings taxed above the current law taxable maximum,
(b) applying a 2 percent factor on this newly computed "AIME+" to
develop a second component of the PIA, and (c) adding this second
component to the current-law PIA.
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 2014-2023). 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 2014-2023). 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 2015-2020). 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 2014-2016. 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 2014
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 2016
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 2015 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 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $200,000 in 2017, with the threshold wage-indexed after 2021. 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 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $200,000 in 2017, with the threshold wage-indexed after 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:
|
E3.10 |
Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $300,000 in 2017, with the threshold wage-indexed after 2021. 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 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $300,000 in 2017, with the threshold wage-indexed after 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:
|
E3.12 |
Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $400,000 in 2017, with the threshold wage-indexed after 2021. 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 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed
equivalent of $400,000 in 2017, with the threshold wage-indexed after 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:
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E3.14 |
Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning
in 2014. For the employee payroll tax (6.2 percent) and for benefit calculation
purposes, beginning in 2014, 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:
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E3.15 |
Increase the taxable maximum until taxable earnings equal 90 percent of covered earnings
(phased in 2014-2023). In addition, apply a tax rate of 6.2 percent for earnings above
the revised taxable maximum (phased in from 2014-2023). 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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E3.16 |
Beginning in 2015, apply 4 percent payroll tax rate on earnings above $400,000 in 2015,
with the threshold wage-indexed after 2015. Provide benefit credit for additional earnings
taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+"
derived from annual earnings taxed only between $400,000 and $500,000 (with thresholds
wage-indexed after 2015); and (2) a formula factor of 2 percent on this newly computed "AIME+".
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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