Proposed Provision: F7. For the estate tax, gift tax, and generation skipping transfer (GST) tax, return the respective exemption thresholds and tax rates to 2009 levels ($3.5 million threshold for estate tax with a top 45% tax rate) for deaths after 2019 and gifts made after 2019, with those levels not indexed in future years. All proceeds from the estate tax, gift tax, and GST tax would go to the OASI and DI Trust Funds.
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Current Law |
Provision |
Current Law |
Provision |
| 2019 | 12.8 | 12.8 | 13.9 | 13.9 |
| 2020 | 12.9 | 12.9 | 13.9 | 13.9 |
| 2021 | 12.9 | 13.2 | 14.1 | 14.1 |
| 2022 | 12.9 | 13.3 | 14.2 | 14.2 |
| 2023 | 12.9 | 13.4 | 14.4 | 14.4 |
| 2024 | 13.0 | 13.4 | 14.6 | 14.6 |
| 2025 | 13.0 | 13.5 | 14.8 | 14.8 |
| 2026 | 13.1 | 13.6 | 15.0 | 15.0 |
| 2027 | 13.1 | 13.6 | 15.2 | 15.2 |
| 2028 | 13.2 | 13.7 | 15.4 | 15.4 |
| 2029 | 13.2 | 13.7 | 15.6 | 15.6 |
| 2030 | 13.2 | 13.7 | 15.8 | 15.8 |
| 2031 | 13.2 | 13.7 | 16.0 | 16.0 |
| 2032 | 13.2 | 13.7 | 16.1 | 16.1 |
| 2033 | 13.2 | 13.7 | 16.2 | 16.2 |
| 2034 | 13.2 | 13.8 | 16.3 | 16.3 |
| 2035 | 13.3 | 13.8 | 16.4 | 16.4 |
| 2036 | 13.3 | 13.8 | 16.5 | 16.5 |
| 2037 | 13.3 | 13.8 | 16.5 | 16.5 |
| 2038 | 13.3 | 13.8 | 16.6 | 16.6 |
| 2039 | 13.3 | 13.8 | 16.6 | 16.6 |
| 2040 | 13.3 | 13.8 | 16.6 | 16.6 |
| 2041 | 13.3 | 13.8 | 16.6 | 16.6 |
| 2042 | 13.3 | 13.8 | 16.6 | 16.6 |
| 2043 | 13.3 | 13.8 | 16.6 | 16.6 |
| 2044 | 13.3 | 13.8 | 16.5 | 16.5 |
| 2045 | 13.3 | 13.8 | 16.5 | 16.5 |
| 2046 | 13.3 | 13.8 | 16.5 | 16.5 |
| 2047 | 13.3 | 13.8 | 16.4 | 16.4 |
| 2048 | 13.3 | 13.8 | 16.4 | 16.4 |
| 2049 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2050 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2051 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2052 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2053 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2054 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2055 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2056 | 13.3 | 13.9 | 16.4 | 16.4 |
| 2057 | 13.3 | 13.9 | 16.5 | 16.5 |
| 2058 | 13.3 | 13.9 | 16.5 | 16.5 |
| 2059 | 13.3 | 13.9 | 16.6 | 16.6 |
| 2060 | 13.3 | 13.9 | 16.6 | 16.6 |
| 2061 | 13.3 | 13.9 | 16.7 | 16.7 |
| 2062 | 13.3 | 13.9 | 16.7 | 16.7 |
| 2063 | 13.3 | 14.0 | 16.8 | 16.8 |
| 2064 | 13.3 | 14.0 | 16.8 | 16.8 |
| 2065 | 13.3 | 14.0 | 16.9 | 16.9 |
| 2066 | 13.3 | 14.0 | 17.0 | 17.0 |
| 2067 | 13.3 | 14.0 | 17.0 | 17.0 |
| 2068 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2069 | 13.3 | 14.0 | 17.1 | 17.1 |
| 2070 | 13.3 | 14.0 | 17.2 | 17.2 |
| 2071 | 13.3 | 14.0 | 17.3 | 17.3 |
| 2072 | 13.3 | 14.0 | 17.3 | 17.3 |
| 2073 | 13.3 | 14.0 | 17.3 | 17.3 |
| 2074 | 13.4 | 14.0 | 17.4 | 17.4 |
| 2075 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2076 | 13.4 | 14.1 | 17.5 | 17.5 |
| 2077 | 13.4 | 14.1 | 17.5 | 17.5 |
| 2078 | 13.4 | 14.1 | 17.5 | 17.5 |
| 2079 | 13.4 | 14.1 | 17.5 | 17.5 |
| 2080 | 13.4 | 14.1 | 17.5 | 17.5 |
| 2081 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2082 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2083 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2084 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2085 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2086 | 13.4 | 14.1 | 17.3 | 17.3 |
| 2087 | 13.4 | 14.1 | 17.3 | 17.3 |
| 2088 | 13.4 | 14.1 | 17.3 | 17.3 |
| 2089 | 13.4 | 14.1 | 17.3 | 17.3 |
| 2090 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2091 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2092 | 13.4 | 14.1 | 17.4 | 17.4 |
| 2093 | 13.4 | 14.1 | 17.5 | 17.5 |
| 2094 | 13.4 | 14.2 | 17.5 | 17.5 |
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