Proposed Provision: E1.10. Increase the payroll tax rate by 0.1 percentage point per year for 2025 through 2034 so that it equals 13.4 percent for 2034 and later. The increase would be split evenly between the employer and employee share, and would be split between OASI and DI in proportion to currently scheduled payroll tax rates.
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Current Law |
Provision |
Current Law |
Provision |
| 2023 | 13.3 | 13.3 | 14.5 | 14.5 |
| 2024 | 12.9 | 12.9 | 14.9 | 14.9 |
| 2025 | 13.0 | 13.1 | 15.0 | 15.0 |
| 2026 | 13.1 | 13.3 | 15.2 | 15.2 |
| 2027 | 13.1 | 13.4 | 15.4 | 15.4 |
| 2028 | 13.1 | 13.5 | 15.6 | 15.6 |
| 2029 | 13.2 | 13.6 | 15.7 | 15.7 |
| 2030 | 13.2 | 13.8 | 15.9 | 15.9 |
| 2031 | 13.2 | 13.9 | 16.0 | 16.0 |
| 2032 | 13.2 | 14.0 | 16.1 | 16.1 |
| 2033 | 13.2 | 14.1 | 16.3 | 16.3 |
| 2034 | 13.3 | 14.2 | 16.4 | 16.4 |
| 2035 | 13.3 | 14.2 | 16.5 | 16.5 |
| 2036 | 13.3 | 14.2 | 16.6 | 16.5 |
| 2037 | 13.3 | 14.2 | 16.6 | 16.6 |
| 2038 | 13.3 | 14.2 | 16.7 | 16.7 |
| 2039 | 13.3 | 14.2 | 16.7 | 16.7 |
| 2040 | 13.3 | 14.2 | 16.8 | 16.8 |
| 2041 | 13.3 | 14.3 | 16.8 | 16.8 |
| 2042 | 13.3 | 14.3 | 16.8 | 16.8 |
| 2043 | 13.3 | 14.3 | 16.8 | 16.8 |
| 2044 | 13.3 | 14.3 | 16.8 | 16.8 |
| 2045 | 13.3 | 14.3 | 16.9 | 16.8 |
| 2046 | 13.3 | 14.3 | 16.9 | 16.9 |
| 2047 | 13.3 | 14.3 | 16.9 | 16.9 |
| 2048 | 13.3 | 14.3 | 16.9 | 16.9 |
| 2049 | 13.3 | 14.3 | 17.0 | 16.9 |
| 2050 | 13.3 | 14.3 | 17.0 | 16.9 |
| 2051 | 13.3 | 14.3 | 17.0 | 17.0 |
| 2052 | 13.3 | 14.3 | 17.1 | 17.0 |
| 2053 | 13.3 | 14.3 | 17.1 | 17.1 |
| 2054 | 13.3 | 14.3 | 17.2 | 17.1 |
| 2055 | 13.3 | 14.3 | 17.2 | 17.2 |
| 2056 | 13.3 | 14.3 | 17.3 | 17.3 |
| 2057 | 13.4 | 14.3 | 17.4 | 17.3 |
| 2058 | 13.4 | 14.3 | 17.5 | 17.4 |
| 2059 | 13.4 | 14.3 | 17.5 | 17.5 |
| 2060 | 13.4 | 14.3 | 17.6 | 17.6 |
| 2061 | 13.4 | 14.3 | 17.7 | 17.6 |
| 2062 | 13.4 | 14.3 | 17.8 | 17.7 |
| 2063 | 13.4 | 14.3 | 17.8 | 17.8 |
| 2064 | 13.4 | 14.3 | 17.9 | 17.8 |
| 2065 | 13.4 | 14.4 | 17.9 | 17.9 |
| 2066 | 13.4 | 14.4 | 18.0 | 17.9 |
| 2067 | 13.4 | 14.4 | 18.1 | 18.0 |
| 2068 | 13.4 | 14.4 | 18.1 | 18.1 |
| 2069 | 13.4 | 14.4 | 18.2 | 18.1 |
| 2070 | 13.4 | 14.4 | 18.2 | 18.2 |
| 2071 | 13.4 | 14.4 | 18.3 | 18.2 |
| 2072 | 13.4 | 14.4 | 18.3 | 18.3 |
| 2073 | 13.4 | 14.4 | 18.4 | 18.3 |
| 2074 | 13.4 | 14.4 | 18.4 | 18.4 |
| 2075 | 13.4 | 14.4 | 18.5 | 18.4 |
| 2076 | 13.4 | 14.4 | 18.5 | 18.4 |
| 2077 | 13.4 | 14.4 | 18.5 | 18.4 |
| 2078 | 13.4 | 14.4 | 18.5 | 18.4 |
| 2079 | 13.4 | 14.4 | 18.5 | 18.4 |
| 2080 | 13.4 | 14.4 | 18.5 | 18.4 |
| 2081 | 13.4 | 14.4 | 18.4 | 18.4 |
| 2082 | 13.4 | 14.4 | 18.4 | 18.3 |
| 2083 | 13.4 | 14.4 | 18.3 | 18.3 |
| 2084 | 13.4 | 14.4 | 18.3 | 18.2 |
| 2085 | 13.4 | 14.4 | 18.2 | 18.2 |
| 2086 | 13.4 | 14.4 | 18.2 | 18.1 |
| 2087 | 13.4 | 14.4 | 18.1 | 18.0 |
| 2088 | 13.4 | 14.4 | 18.0 | 18.0 |
| 2089 | 13.4 | 14.4 | 18.0 | 17.9 |
| 2090 | 13.4 | 14.4 | 17.9 | 17.8 |
| 2091 | 13.4 | 14.4 | 17.8 | 17.8 |
| 2092 | 13.4 | 14.4 | 17.8 | 17.7 |
| 2093 | 13.4 | 14.4 | 17.8 | 17.7 |
| 2094 | 13.4 | 14.4 | 17.8 | 17.7 |
| 2095 | 13.4 | 14.4 | 17.7 | 17.7 |
| 2096 | 13.4 | 14.4 | 17.7 | 17.7 |
| 2097 | 13.4 | 14.4 | 17.8 | 17.7 |
| 2098 | 13.4 | 14.4 | 17.8 | 17.7 |
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