Number |
Table and graph selection |
F1 |
Starting in 2017, cover newly hired State and local government employees.
Summary measures and graphs
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Memoranda containing this or a similar provision:
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F2 |
Starting in 2017, exempt individuals with more than 180 quarters of
coverage from the OASDI payroll tax. Earnings exempted from OASDI
payroll tax would not be used in computing benefits.
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Detailed single year tables
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Memorandum containing this or a similar provision:
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F3 |
Expand covered earnings to include employer and employee premiums for
employer-sponsored group health insurance (ESI). Starting in 2020, phase
out the OASDI payroll tax exclusion for ESI premiums. Set an exclusion
level at the 75th percentile of premium distribution in 2020, with amounts
above that subject to the payroll tax. Reduce the exclusion level each
year by 10 percent of the 2020 exclusion level until fully eliminated in
2030. Eliminate the excise tax on ESI premiums scheduled to begin in 2020.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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F4 |
Expand covered earnings to include contributions to voluntary salary
reduction plans (such as Cafeteria 125 plans and Flexible Spending
Accounts). Starting in 2017, subject these contributions to the OASDI
payroll tax, making the payroll tax treatment of these contributions
like 401(k) contributions.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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F5 |
Tax Reform for Business: Establish a value added tax of 3.0 percent
for 2018 and 6.5 percent for 2019 and later. Starting in 2018, reduce the
corporate income tax rate from 35 to 27 percent.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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F6 |
Apply a 6.2 percent tax on investment income as defined in the Affordable
Care Act (ACA), with unindexed thresholds as in the ACA ($200,000 for single
filer, $250,000 for married filing jointly), starting in 2018. Proceeds go
to the OASDI Trust Fund.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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Above provisions
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