Proposed Provision: E3.14. Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning in 2019. For the employee payroll tax (6.2 percent) and for benefit credit purposes, beginning in 2019, increase the taxable maximum by an additional 2 percent per year until taxable earnings equal 90 percent of covered earnings.
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Current Law |
Provision |
Current Law |
Provision |
| 2018 | 12.6 | 12.6 | 13.8 | 13.8 |
| 2019 | 12.9 | 14.0 | 14.0 | 14.0 |
| 2020 | 12.9 | 14.1 | 14.1 | 14.1 |
| 2021 | 12.9 | 14.2 | 14.3 | 14.3 |
| 2022 | 12.9 | 14.2 | 14.4 | 14.4 |
| 2023 | 13.0 | 14.2 | 14.6 | 14.6 |
| 2024 | 13.0 | 14.3 | 14.8 | 14.8 |
| 2025 | 13.0 | 14.3 | 15.0 | 15.0 |
| 2026 | 13.1 | 14.4 | 15.2 | 15.2 |
| 2027 | 13.2 | 14.5 | 15.4 | 15.4 |
| 2028 | 13.2 | 14.5 | 15.6 | 15.6 |
| 2029 | 13.2 | 14.5 | 15.8 | 15.8 |
| 2030 | 13.2 | 14.6 | 16.0 | 16.0 |
| 2031 | 13.2 | 14.6 | 16.2 | 16.2 |
| 2032 | 13.2 | 14.6 | 16.3 | 16.3 |
| 2033 | 13.2 | 14.7 | 16.5 | 16.5 |
| 2034 | 13.2 | 14.7 | 16.6 | 16.6 |
| 2035 | 13.3 | 14.7 | 16.7 | 16.7 |
| 2036 | 13.3 | 14.7 | 16.7 | 16.7 |
| 2037 | 13.3 | 14.7 | 16.8 | 16.8 |
| 2038 | 13.3 | 14.8 | 16.8 | 16.8 |
| 2039 | 13.3 | 14.8 | 16.8 | 16.8 |
| 2040 | 13.3 | 14.8 | 16.8 | 16.8 |
| 2041 | 13.3 | 14.8 | 16.8 | 16.8 |
| 2042 | 13.3 | 14.8 | 16.8 | 16.8 |
| 2043 | 13.3 | 14.8 | 16.7 | 16.8 |
| 2044 | 13.3 | 14.8 | 16.7 | 16.7 |
| 2045 | 13.3 | 14.9 | 16.7 | 16.7 |
| 2046 | 13.3 | 14.9 | 16.6 | 16.7 |
| 2047 | 13.3 | 14.9 | 16.6 | 16.6 |
| 2048 | 13.3 | 14.9 | 16.6 | 16.6 |
| 2049 | 13.3 | 14.9 | 16.6 | 16.6 |
| 2050 | 13.3 | 14.9 | 16.5 | 16.6 |
| 2051 | 13.3 | 14.9 | 16.5 | 16.6 |
| 2052 | 13.3 | 14.9 | 16.5 | 16.6 |
| 2053 | 13.3 | 15.0 | 16.5 | 16.6 |
| 2054 | 13.3 | 15.0 | 16.6 | 16.6 |
| 2055 | 13.3 | 15.0 | 16.6 | 16.7 |
| 2056 | 13.3 | 15.0 | 16.6 | 16.7 |
| 2057 | 13.3 | 15.0 | 16.7 | 16.8 |
| 2058 | 13.3 | 15.0 | 16.7 | 16.8 |
| 2059 | 13.3 | 15.0 | 16.8 | 16.9 |
| 2060 | 13.3 | 15.0 | 16.8 | 16.9 |
| 2061 | 13.3 | 15.0 | 16.9 | 17.0 |
| 2062 | 13.3 | 15.0 | 16.9 | 17.0 |
| 2063 | 13.3 | 15.0 | 17.0 | 17.1 |
| 2064 | 13.3 | 15.0 | 17.0 | 17.2 |
| 2065 | 13.3 | 15.0 | 17.1 | 17.2 |
| 2066 | 13.3 | 15.0 | 17.1 | 17.3 |
| 2067 | 13.3 | 15.0 | 17.2 | 17.4 |
| 2068 | 13.3 | 15.0 | 17.2 | 17.4 |
| 2069 | 13.3 | 15.1 | 17.3 | 17.5 |
| 2070 | 13.3 | 15.1 | 17.4 | 17.6 |
| 2071 | 13.3 | 15.1 | 17.4 | 17.6 |
| 2072 | 13.3 | 15.1 | 17.5 | 17.7 |
| 2073 | 13.3 | 15.1 | 17.5 | 17.7 |
| 2074 | 13.3 | 15.1 | 17.6 | 17.8 |
| 2075 | 13.4 | 15.1 | 17.6 | 17.8 |
| 2076 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2077 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2078 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2079 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2080 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2081 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2082 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2083 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2084 | 13.4 | 15.1 | 17.5 | 17.9 |
| 2085 | 13.4 | 15.1 | 17.5 | 17.8 |
| 2086 | 13.4 | 15.1 | 17.5 | 17.9 |
| 2087 | 13.4 | 15.1 | 17.5 | 17.9 |
| 2088 | 13.4 | 15.1 | 17.5 | 17.9 |
| 2089 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2090 | 13.4 | 15.1 | 17.6 | 17.9 |
| 2091 | 13.4 | 15.1 | 17.6 | 18.0 |
| 2092 | 13.4 | 15.1 | 17.7 | 18.0 |
| 2093 | 13.4 | 15.1 | 17.7 | 18.1 |
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