You are here: Social Security Administration > Research, Statistics & Policy Analysis > Policy Option Projections
Projected Effects of a Proposal to Count 90% of Earnings in Payroll Tax and
Benefit Calculations; Phase in 2024–2033
Characteristic | Percent of population with a— |
Percent change in Social Security benefits at the— |
|||
---|---|---|---|---|---|
Benefit decrease | Benefit increase |
10th %ile | Median | 90th %ile | |
Total | 0% | 1% | 0% | 0% | 0% |
Sex | |||||
Female | 0% | 1% | 0% | 0% | 0% |
Male | 0% | 1% | 0% | 0% | 0% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% |
White, non-Hispanic | 0% | 1% | 0% | 0% | 0% |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% |
All other races, non-Hispanic | 0% | 1% | 0% | 0% | 0% |
Country of birth | |||||
United States | 0% | 1% | 0% | 0% | 0% |
Other countries | 0% | 1% | 0% | 0% | 0% |
Age | |||||
60–69 | 0% | 2% | 0% | 0% | 0% |
70–79 | 0% | 0% | 0% | 0% | 0% |
80–89 | 0% | 0% | 0% | 0% | 0% |
90 or older | 0% | 0% | 0% | 0% | 0% |
Marital status | |||||
Married | 0% | 1% | 0% | 0% | 0% |
Divorced | 0% | 0% | 0% | 0% | 0% |
Widowed | 0% | 0% | 0% | 0% | 0% |
Never married | 0% | 0% | 0% | 0% | 0% |
Highest education level | |||||
Graduate | 0% | 3% | 0% | 0% | 0% |
Bachelor | 0% | 2% | 0% | 0% | 0% |
Associate | 0% | 0% | 0% | 0% | 0% |
High school | 0% | 0% | 0% | 0% | 0% |
Less than high school | 0% | 0% | 0% | 0% | 0% |
Current-law poverty status | |||||
Above poverty | 0% | 1% | 0% | 0% | 0% |
In poverty | 0% | 0% | 0% | 0% | 0% |
Current-law household income quintile | |||||
Highest | 0% | 3% | 0% | 0% | 0% |
Second highest | 0% | 0% | 0% | 0% | 0% |
Middle | 0% | 0% | 0% | 0% | 0% |
Second lowest | 0% | 0% | 0% | 0% | 0% |
Lowest | 0% | 0% | 0% | 0% | 0% |
Current-law benefit type | |||||
Retired worker only | 0% | 1% | 0% | 0% | 0% |
Widow(er) (includes dually entitled) | 0% | 0% | 0% | 0% | 0% |
Spousal (includes dually entitled) | 0% | 2% | 0% | 0% | 0% |
Disabled worker only | 0% | 1% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security benefits at the— |
|||
---|---|---|---|---|---|
Benefit decrease | Benefit increase |
10th %ile | Median | 90th %ile | |
Total | 0% | 10% | 0% | 0% | 1% |
Sex | |||||
Female | 0% | 8% | 0% | 0% | 0% |
Male | 0% | 13% | 0% | 0% | 1% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 5% | 0% | 0% | 0% |
White, non-Hispanic | 0% | 11% | 0% | 0% | 1% |
Black or African American, non-Hispanic | 0% | 6% | 0% | 0% | 0% |
All other races, non-Hispanic | 0% | 21% | 0% | 0% | 5% |
Country of birth | |||||
United States | 0% | 10% | 0% | 0% | 0% |
Other countries | 0% | 11% | 0% | 0% | 1% |
Age | |||||
60–69 | 0% | 13% | 0% | 0% | 2% |
70–79 | 0% | 13% | 0% | 0% | 2% |
80–89 | 0% | 6% | 0% | 0% | 0% |
90 or older | 0% | 1% | 0% | 0% | 0% |
Marital status | |||||
Married | 0% | 13% | 0% | 0% | 2% |
Divorced | 0% | 9% | 0% | 0% | 0% |
Widowed | 0% | 6% | 0% | 0% | 0% |
Never married | 0% | 8% | 0% | 0% | 0% |
Highest education level | |||||
Graduate | 0% | 27% | 0% | 0% | 8% |
Bachelor | 0% | 18% | 0% | 0% | 3% |
Associate | 0% | 5% | 0% | 0% | 0% |
High school | 0% | 3% | 0% | 0% | 0% |
Less than high school | 0% | 3% | 0% | 0% | 0% |
Current-law poverty status | |||||
Above poverty | 0% | 11% | 0% | 0% | 1% |
In poverty | 0% | 0% | 0% | 0% | 0% |
Current-law household income quintile | |||||
Highest | 0% | 30% | 0% | 0% | 9% |
Second highest | 0% | 13% | 0% | 0% | 1% |
Middle | 0% | 6% | 0% | 0% | 0% |
Second lowest | 0% | 2% | 0% | 0% | 0% |
Lowest | 0% | 1% | 0% | 0% | 0% |
Current-law benefit type | |||||
Retired worker only | 0% | 10% | 0% | 0% | 1% |
Widow(er) (includes dually entitled) | 0% | 5% | 0% | 0% | 0% |
Spousal (includes dually entitled) | 0% | 19% | 0% | 0% | 4% |
Disabled worker only | 0% | 4% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security benefits at the— |
|||
---|---|---|---|---|---|
Benefit decrease | Benefit increase |
10th %ile | Median | 90th %ile | |
Total | 0% | 18% | 0% | 0% | 5% |
Sex | |||||
Female | 0% | 15% | 0% | 0% | 3% |
Male | 0% | 21% | 0% | 0% | 6% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 9% | 0% | 0% | 0% |
White, non-Hispanic | 0% | 20% | 0% | 0% | 6% |
Black or African American, non-Hispanic | 0% | 12% | 0% | 0% | 1% |
All other races, non-Hispanic | 0% | 34% | 0% | 0% | 17% |
Country of birth | |||||
United States | 0% | 17% | 0% | 0% | 4% |
Other countries | 0% | 20% | 0% | 0% | 7% |
Age | |||||
60–69 | 0% | 15% | 0% | 0% | 3% |
70–79 | 0% | 19% | 0% | 0% | 5% |
80–89 | 0% | 20% | 0% | 0% | 6% |
90 or older | 0% | 19% | 0% | 0% | 4% |
Marital status | |||||
Married | 0% | 20% | 0% | 0% | 7% |
Divorced | 0% | 16% | 0% | 0% | 3% |
Widowed | 0% | 17% | 0% | 0% | 4% |
Never married | 0% | 14% | 0% | 0% | 2% |
Highest education level | |||||
Graduate | 0% | 38% | 0% | 0% | 20% |
Bachelor | 0% | 32% | 0% | 0% | 13% |
Associate | 0% | 9% | 0% | 0% | 0% |
High school | 0% | 7% | 0% | 0% | 0% |
Less than high school | 0% | 6% | 0% | 0% | 0% |
Current-law poverty status | |||||
Above poverty | 0% | 18% | 0% | 0% | 5% |
In poverty | 0% | 0% | 0% | 0% | 0% |
Current-law household income quintile | |||||
Highest | 0% | 47% | 0% | 0% | 26% |
Second highest | 0% | 23% | 0% | 0% | 5% |
Middle | 0% | 13% | 0% | 0% | 1% |
Second lowest | 0% | 5% | 0% | 0% | 0% |
Lowest | 0% | 1% | 0% | 0% | 0% |
Current-law benefit type | |||||
Retired worker only | 0% | 18% | 0% | 0% | 5% |
Widow(er) (includes dually entitled) | 0% | 16% | 0% | 0% | 3% |
Spousal (includes dually entitled) | 0% | 26% | 0% | 0% | 10% |
Disabled worker only | 0% | 5% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) at the— |
|||||
---|---|---|---|---|---|---|---|---|
Tax decrease | Tax increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Sex | ||||||||
Female | 0% | 5% | 0% | 0% | 0% | $0 | $0 | $0 |
Male | 0% | 10% | 0% | 0% | 2% | $0 | $0 | $572 |
Race and ethnicity | ||||||||
Hispanic or Latino, any race | 0% | 4% | 0% | 0% | 0% | $0 | $0 | $0 |
White, non-Hispanic | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Black or African American, non-Hispanic | 0% | 4% | 0% | 0% | 0% | $0 | $0 | $0 |
All other races, non-Hispanic | 0% | 17% | 0% | 0% | 30% | $0 | $0 | $7,025 |
Country of birth | ||||||||
United States | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
Other countries | 0% | 9% | 0% | 0% | 0% | $0 | $0 | $0 |
Age | ||||||||
31–39 | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
40–49 | 0% | 11% | 0% | 0% | 6% | $0 | $0 | $1,436 |
50–59 | 0% | 9% | 0% | 0% | 0% | $0 | $0 | $0 |
60–69 | 0% | 4% | 0% | 0% | 0% | $0 | $0 | $0 |
70 or older | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Marital status | ||||||||
Married | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Divorced | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
Widowed | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Never married | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
Highest education level | ||||||||
Graduate | 0% | 20% | 0% | 0% | 47% | $0 | $0 | $10,855 |
Bachelor | 0% | 14% | 0% | 0% | 15% | $0 | $0 | $3,559 |
Associate | 0% | 3% | 0% | 0% | 0% | $0 | $0 | $0 |
High school | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Less than high school | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law household income quintile | ||||||||
Highest | 0% | 33% | 0% | 0% | 83% | $0 | $0 | $19,172 |
Second highest | 0% | 5% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law payroll taxes quintile | ||||||||
Highest | 0% | 38% | 0% | 0% | 83% | $0 | $0 | $19,172 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | ||||||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) at the— |
|||||
---|---|---|---|---|---|---|---|---|
Tax decrease | Tax increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Sex | ||||||||
Female | 0% | 5% | 0% | 0% | 0% | $0 | $0 | $0 |
Male | 0% | 10% | 0% | 0% | 1% | $0 | $0 | $472 |
Race and ethnicity | ||||||||
Hispanic or Latino, any race | 0% | 4% | 0% | 0% | 0% | $0 | $0 | $0 |
White, non-Hispanic | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Black or African American, non-Hispanic | 0% | 4% | 0% | 0% | 0% | $0 | $0 | $0 |
All other races, non-Hispanic | 0% | 17% | 0% | 0% | 33% | $0 | $0 | $9,664 |
Country of birth | ||||||||
United States | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
Other countries | 0% | 9% | 0% | 0% | 0% | $0 | $0 | $0 |
Age | ||||||||
31–39 | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
40–49 | 0% | 11% | 0% | 0% | 4% | $0 | $0 | $1,250 |
50–59 | 0% | 9% | 0% | 0% | 0% | $0 | $0 | $0 |
60–69 | 0% | 5% | 0% | 0% | 0% | $0 | $0 | $0 |
70 or older | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Marital status | ||||||||
Married | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Divorced | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
Widowed | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Never married | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Highest education level | ||||||||
Graduate | 0% | 18% | 0% | 0% | 39% | $0 | $0 | $11,678 |
Bachelor | 0% | 13% | 0% | 0% | 13% | $0 | $0 | $4,009 |
Associate | 0% | 3% | 0% | 0% | 0% | $0 | $0 | $0 |
High school | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Less than high school | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law household income quintile | ||||||||
Highest | 0% | 35% | 0% | 0% | 91% | $0 | $0 | $26,712 |
Second highest | 0% | 4% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law payroll taxes quintile | ||||||||
Highest | 0% | 38% | 0% | 0% | 91% | $0 | $0 | $26,712 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | ||||||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) at the— |
|||||
---|---|---|---|---|---|---|---|---|
Tax decrease | Tax increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Sex | ||||||||
Female | 0% | 5% | 0% | 0% | 0% | $0 | $0 | $0 |
Male | 0% | 11% | 0% | 0% | 3% | $0 | $0 | $1,233 |
Race and ethnicity | ||||||||
Hispanic or Latino, any race | 0% | 5% | 0% | 0% | 0% | $0 | $0 | $0 |
White, non-Hispanic | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Black or African American, non-Hispanic | 0% | 4% | 0% | 0% | 0% | $0 | $0 | $0 |
All other races, non-Hispanic | 0% | 19% | 0% | 0% | 36% | $0 | $0 | $13,398 |
Country of birth | ||||||||
United States | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
Other countries | 0% | 10% | 0% | 0% | 1% | $0 | $0 | $709 |
Age | ||||||||
31–39 | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
40–49 | 0% | 11% | 0% | 0% | 5% | $0 | $0 | $2,188 |
50–59 | 0% | 10% | 0% | 0% | 1% | $0 | $0 | $439 |
60–69 | 0% | 6% | 0% | 0% | 0% | $0 | $0 | $0 |
70 or older | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Marital status | ||||||||
Married | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Divorced | 0% | 7% | 0% | 0% | 0% | $0 | $0 | $0 |
Widowed | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Never married | 0% | 8% | 0% | 0% | 0% | $0 | $0 | $0 |
Highest education level | ||||||||
Graduate | 0% | 18% | 0% | 0% | 36% | $0 | $0 | $13,495 |
Bachelor | 0% | 14% | 0% | 0% | 20% | $0 | $0 | $7,473 |
Associate | 0% | 3% | 0% | 0% | 0% | $0 | $0 | $0 |
High school | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Less than high school | 0% | 2% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law household income quintile | ||||||||
Highest | 0% | 35% | 0% | 0% | 93% | $0 | $0 | $34,285 |
Second highest | 0% | 5% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law payroll taxes quintile | ||||||||
Highest | 0% | 40% | 0% | 0% | 93% | $0 | $0 | $34,285 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | ||||||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with an— |
Percent change in household income at the— |
|||
---|---|---|---|---|---|
Income decrease | Income increase | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% |
Sex | |||||
Female | 0% | 0% | 0% | 0% | 0% |
Male | 0% | 0% | 0% | 0% | 0% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% |
Country of birth | |||||
United States | 0% | 0% | 0% | 0% | 0% |
Other countries | 0% | 0% | 0% | 0% | 0% |
Age | |||||
60–69 | 0% | 0% | 0% | 0% | 0% |
70–79 | 0% | 0% | 0% | 0% | 0% |
80–89 | 0% | 0% | 0% | 0% | 0% |
90 or older | 0% | 0% | 0% | 0% | 0% |
Marital status | |||||
Married | 0% | 0% | 0% | 0% | 0% |
Divorced | 0% | 0% | 0% | 0% | 0% |
Widowed | 0% | 0% | 0% | 0% | 0% |
Never married | 0% | 0% | 0% | 0% | 0% |
Highest education level | |||||
Graduate | 0% | 0% | 0% | 0% | 0% |
Bachelor | 0% | 0% | 0% | 0% | 0% |
Associate | 0% | 0% | 0% | 0% | 0% |
High school | 0% | 0% | 0% | 0% | 0% |
Less than high school | 0% | 0% | 0% | 0% | 0% |
Current-law poverty status | |||||
Above poverty | 0% | 0% | 0% | 0% | 0% |
In poverty | 0% | 0% | 0% | 0% | 0% |
Current-law household income quintile | |||||
Highest | 0% | 0% | 0% | 0% | 0% |
Second highest | 0% | 0% | 0% | 0% | 0% |
Middle | 0% | 0% | 0% | 0% | 0% |
Second lowest | 0% | 0% | 0% | 0% | 0% |
Lowest | 0% | 0% | 0% | 0% | 0% |
Current-law benefit type | |||||
Retired worker only | 0% | 0% | 0% | 0% | 0% |
Widow(er) (includes dually entitled) | 0% | 0% | 0% | 0% | 0% |
Spousal (includes dually entitled) | 0% | 0% | 0% | 0% | 0% |
Disabled worker only | 0% | 0% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with an— |
Percent change in household income at the— |
|||
---|---|---|---|---|---|
Income decrease | Income increase | 10th %ile | Median | 90th %ile | |
Total | 0% | 5% | 0% | 0% | 0% |
Sex | |||||
Female | 0% | 5% | 0% | 0% | 0% |
Male | 0% | 6% | 0% | 0% | 0% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 3% | 0% | 0% | 0% |
White, non-Hispanic | 0% | 6% | 0% | 0% | 0% |
Black or African American, non-Hispanic | 0% | 3% | 0% | 0% | 0% |
All other races, non-Hispanic | 0% | 12% | 0% | 0% | 1% |
Country of birth | |||||
United States | 0% | 5% | 0% | 0% | 0% |
Other countries | 0% | 6% | 0% | 0% | 0% |
Age | |||||
60–69 | 0% | 8% | 0% | 0% | 0% |
70–79 | 0% | 7% | 0% | 0% | 0% |
80–89 | 0% | 2% | 0% | 0% | 0% |
90 or older | 0% | 0% | 0% | 0% | 0% |
Marital status | |||||
Married | 0% | 7% | 0% | 0% | 0% |
Divorced | 0% | 5% | 0% | 0% | 0% |
Widowed | 0% | 2% | 0% | 0% | 0% |
Never married | 0% | 3% | 0% | 0% | 0% |
Highest education level | |||||
Graduate | 0% | 15% | 0% | 0% | 1% |
Bachelor | 0% | 9% | 0% | 0% | 0% |
Associate | 0% | 3% | 0% | 0% | 0% |
High school | 0% | 2% | 0% | 0% | 0% |
Less than high school | 0% | 2% | 0% | 0% | 0% |
Current-law poverty status | |||||
Above poverty | 0% | 6% | 0% | 0% | 0% |
In poverty | 0% | 0% | 0% | 0% | 0% |
Current-law household income quintile | |||||
Highest | 0% | 14% | 0% | 0% | 1% |
Second highest | 0% | 7% | 0% | 0% | 0% |
Middle | 0% | 4% | 0% | 0% | 0% |
Second lowest | 0% | 2% | 0% | 0% | 0% |
Lowest | 0% | 1% | 0% | 0% | 0% |
Current-law benefit type | |||||
Retired worker only | 0% | 6% | 0% | 0% | 0% |
Widow(er) (includes dually entitled) | 0% | 3% | 0% | 0% | 0% |
Spousal (includes dually entitled) | 0% | 11% | 0% | 0% | 1% |
Disabled worker only | 0% | 3% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with an— |
Percent change in household income at the— |
|||
---|---|---|---|---|---|
Income decrease | Income increase | 10th %ile | Median | 90th %ile | |
Total | 0% | 13% | 0% | 0% | 1% |
Sex | |||||
Female | 0% | 12% | 0% | 0% | 1% |
Male | 0% | 14% | 0% | 0% | 1% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 7% | 0% | 0% | 0% |
White, non-Hispanic | 0% | 14% | 0% | 0% | 1% |
Black or African American, non-Hispanic | 0% | 8% | 0% | 0% | 0% |
All other races, non-Hispanic | 0% | 24% | 0% | 0% | 3% |
Country of birth | |||||
United States | 0% | 12% | 0% | 0% | 1% |
Other countries | 0% | 15% | 0% | 0% | 1% |
Age | |||||
60–69 | 0% | 11% | 0% | 0% | 1% |
70–79 | 0% | 14% | 0% | 0% | 1% |
80–89 | 0% | 14% | 0% | 0% | 1% |
90 or older | 0% | 9% | 0% | 0% | 0% |
Marital status | |||||
Married | 0% | 16% | 0% | 0% | 2% |
Divorced | 0% | 11% | 0% | 0% | 1% |
Widowed | 0% | 11% | 0% | 0% | 1% |
Never married | 0% | 8% | 0% | 0% | 0% |
Highest education level | |||||
Graduate | 0% | 28% | 0% | 0% | 3% |
Bachelor | 0% | 22% | 0% | 0% | 3% |
Associate | 0% | 6% | 0% | 0% | 0% |
High school | 0% | 5% | 0% | 0% | 0% |
Less than high school | 0% | 5% | 0% | 0% | 0% |
Current-law poverty status | |||||
Above poverty | 0% | 13% | 0% | 0% | 1% |
In poverty | 0% | 0% | 0% | 0% | 0% |
Current-law household income quintile | |||||
Highest | 0% | 32% | 0% | 0% | 3% |
Second highest | 0% | 16% | 0% | 0% | 2% |
Middle | 0% | 10% | 0% | 0% | 1% |
Second lowest | 0% | 5% | 0% | 0% | 0% |
Lowest | 0% | 1% | 0% | 0% | 0% |
Current-law benefit type | |||||
Retired worker only | 0% | 13% | 0% | 0% | 1% |
Widow(er) (includes dually entitled) | 0% | 11% | 0% | 0% | 1% |
Spousal (includes dually entitled) | 0% | 20% | 0% | 0% | 2% |
Disabled worker only | 0% | 4% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||
NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Official poverty rate | Number of population in poverty (in thousands) |
Percent change in the number in poverty | |||
---|---|---|---|---|---|---|
Under current law | With proposal | Under current law | With proposal | Change | ||
Total | 5% | 5% | 3,465 | 3,465 | 0 | 0% |
Sex | ||||||
Female | 5% | 5% | 1,958 | 1,958 | 0 | 0% |
Male | 5% | 5% | 1,507 | 1,507 | 0 | 0% |
Race and ethnicity | ||||||
Hispanic or Latino, any race | 8% | 8% | 672 | 672 | 0 | 0% |
White, non-Hispanic | 4% | 4% | 1,943 | 1,943 | 0 | 0% |
Black or African American, non-Hispanic | 8% | 8% | 577 | 577 | 0 | 0% |
All other races, non-Hispanic | 7% | 7% | 273 | 273 | 0 | 0% |
Country of birth | ||||||
United States | 4% | 4% | 2,486 | 2,486 | 0 | 0% |
Other countries | 9% | 9% | 979 | 979 | 0 | 0% |
Age | ||||||
60–69 | 7% | 7% | 1,655 | 1,655 | 0 | 0% |
70–79 | 4% | 4% | 1,346 | 1,346 | 0 | 0% |
80–89 | 3% | 3% | 417 | 417 | 0 | 0% |
90 or older | 2% | 2% | 46 | 46 | 0 | 0% |
Marital status | ||||||
Married | 2% | 2% | 646 | 646 | 0 | 0% |
Divorced | 9% | 9% | 1,175 | 1,175 | 0 | 0% |
Widowed | 6% | 6% | 813 | 813 | 0 | 0% |
Never married | 16% | 16% | 832 | 832 | 0 | 0% |
Highest education level | ||||||
Graduate | 1% | 1% | 91 | 91 | 0 | 0% |
Bachelor | 2% | 2% | 322 | 322 | 0 | 0% |
Associate | 4% | 4% | 694 | 694 | 0 | 0% |
High school | 6% | 6% | 1,593 | 1,593 | 0 | 0% |
Less than high school | 13% | 13% | 765 | 765 | 0 | 0% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
In poverty | 100% | 100% | 3,465 | 3,465 | 0 | 0% |
Current-law benefit type | ||||||
Retired worker only | 5% | 5% | 2,355 | 2,355 | 0 | 0% |
Widow(er) (includes dually entitled) | 6% | 6% | 664 | 664 | 0 | 0% |
Spousal (includes dually entitled) | 3% | 3% | 189 | 189 | 0 | 0% |
Disabled worker only | 9% | 9% | 257 | 257 | 0 | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | ||||||
NOTES: Start date = 2024.
. . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Official poverty rate | Number of population in poverty (in thousands) |
Percent change in the number in poverty | |||
---|---|---|---|---|---|---|
Under current law | With proposal | Under current law | With proposal | Change | ||
Total | 5% | 5% | 3,782 | 3,779 | -2 | 0% |
Sex | ||||||
Female | 5% | 5% | 2,099 | 2,099 | 0 | 0% |
Male | 4% | 4% | 1,683 | 1,680 | -2 | 0% |
Race and ethnicity | ||||||
Hispanic or Latino, any race | 7% | 7% | 1,058 | 1,058 | 0 | 0% |
White, non-Hispanic | 3% | 3% | 1,741 | 1,741 | 0 | 0% |
Black or African American, non-Hispanic | 7% | 7% | 657 | 654 | -2 | 0% |
All other races, non-Hispanic | 5% | 5% | 326 | 326 | 0 | 0% |
Country of birth | ||||||
United States | 4% | 4% | 2,511 | 2,508 | -2 | 0% |
Other countries | 7% | 7% | 1,271 | 1,271 | 0 | 0% |
Age | ||||||
60–69 | 6% | 6% | 1,402 | 1,400 | -2 | 0% |
70–79 | 4% | 4% | 1,337 | 1,337 | 0 | 0% |
80–89 | 4% | 4% | 873 | 873 | 0 | 0% |
90 or older | 2% | 2% | 170 | 170 | 0 | 0% |
Marital status | ||||||
Married | 2% | 2% | 711 | 711 | 0 | 0% |
Divorced | 7% | 7% | 1,070 | 1,070 | 0 | 0% |
Widowed | 5% | 5% | 817 | 817 | 0 | 0% |
Never married | 12% | 12% | 1,183 | 1,181 | -2 | 0% |
Highest education level | ||||||
Graduate | 1% | 1% | 169 | 167 | -2 | -1% |
Bachelor | 2% | 2% | 344 | 344 | 0 | 0% |
Associate | 3% | 3% | 630 | 630 | 0 | 0% |
High school | 6% | 6% | 1,694 | 1,694 | 0 | 0% |
Less than high school | 12% | 12% | 944 | 944 | 0 | 0% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
In poverty | 100% | 100% | 3,782 | 3,779 | -2 | 0% |
Current-law benefit type | ||||||
Retired worker only | 5% | 5% | 2,839 | 2,837 | -2 | 0% |
Widow(er) (includes dually entitled) | 4% | 4% | 508 | 508 | 0 | 0% |
Spousal (includes dually entitled) | 3% | 3% | 218 | 218 | 0 | 0% |
Disabled worker only | 7% | 7% | 216 | 216 | 0 | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | ||||||
NOTES: Start date = 2024.
. . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Official poverty rate | Number of population in poverty (in thousands) |
Percent change in the number in poverty | |||
---|---|---|---|---|---|---|
Under current law | With proposal | Under current law | With proposal | Change | ||
Total | 3% | 3% | 2,822 | 2,820 | -1 | 0% |
Sex | ||||||
Female | 3% | 3% | 1,527 | 1,525 | -1 | 0% |
Male | 3% | 3% | 1,296 | 1,296 | 0 | 0% |
Race and ethnicity | ||||||
Hispanic or Latino, any race | 4% | 4% | 963 | 963 | 0 | 0% |
White, non-Hispanic | 2% | 2% | 1,125 | 1,123 | -1 | 0% |
Black or African American, non-Hispanic | 5% | 5% | 426 | 426 | 0 | 0% |
All other races, non-Hispanic | 3% | 3% | 309 | 309 | 0 | 0% |
Country of birth | ||||||
United States | 2% | 2% | 1,770 | 1,768 | -1 | 0% |
Other countries | 5% | 5% | 1,052 | 1,052 | 0 | 0% |
Age | ||||||
60–69 | 4% | 4% | 945 | 943 | -1 | 0% |
70–79 | 3% | 3% | 1,057 | 1,057 | 0 | 0% |
80–89 | 3% | 3% | 628 | 628 | 0 | 0% |
90 or older | 2% | 2% | 192 | 192 | 0 | 0% |
Marital status | ||||||
Married | 1% | 1% | 470 | 470 | 0 | 0% |
Divorced | 4% | 4% | 687 | 687 | 0 | 0% |
Widowed | 3% | 3% | 486 | 485 | -1 | 0% |
Never married | 7% | 7% | 1,179 | 1,179 | 0 | 0% |
Highest education level | ||||||
Graduate | 1% | 1% | 156 | 156 | 0 | 0% |
Bachelor | 1% | 1% | 216 | 216 | 0 | 0% |
Associate | 2% | 2% | 460 | 460 | 0 | 0% |
High school | 4% | 4% | 1,229 | 1,227 | -1 | 0% |
Less than high school | 8% | 8% | 761 | 761 | 0 | 0% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
In poverty | 100% | 100% | 2,822 | 2,820 | -1 | 0% |
Current-law benefit type | ||||||
Retired worker only | 3% | 3% | 2,197 | 2,196 | -1 | 0% |
Widow(er) (includes dually entitled) | 3% | 3% | 314 | 314 | 0 | 0% |
Spousal (includes dually entitled) | 2% | 2% | 156 | 156 | 0 | 0% |
Disabled worker only | 4% | 4% | 156 | 156 | 0 | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | ||||||
NOTES: Start date = 2024.
. . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 2% | 1% | 0% | 0% | 0% | 6% | 145% | 450% | 6% | 145% | 450% |
Sex | |||||||||||
Female | 1% | 2% | 0% | 0% | 0% | 26% | 182% | 644% | 26% | 182% | 644% |
Male | 3% | 0% | 0% | 0% | 0% | 0% | 119% | 266% | 0% | 119% | 266% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | 0% | 162% | 569% | 0% | 162% | 569% |
White, non-Hispanic | 2% | 1% | 0% | 0% | 0% | 15% | 140% | 406% | 15% | 140% | 408% |
Black or African American, non-Hispanic | 1% | 0% | 0% | 0% | 0% | 0% | 149% | 473% | 0% | 149% | 473% |
All other races, non-Hispanic | 5% | 2% | 0% | 0% | 0% | 0% | 146% | 508% | 0% | 146% | 509% |
Country of birth | |||||||||||
United States | 2% | 1% | 0% | 0% | 0% | 12% | 141% | 416% | 12% | 141% | 416% |
Other countries | 3% | 1% | 0% | 0% | 0% | 0% | 164% | 599% | 0% | 164% | 599% |
Highest education level | |||||||||||
Graduate | 10% | 3% | -1% | 0% | 0% | 23% | 125% | 264% | 23% | 125% | 263% |
Bachelor | 4% | 2% | 0% | 0% | 0% | 22% | 137% | 362% | 22% | 136% | 362% |
Associate | 0% | 1% | 0% | 0% | 0% | 12% | 146% | 393% | 12% | 146% | 393% |
High school | 0% | 0% | 0% | 0% | 0% | 0% | 153% | 519% | 0% | 153% | 519% |
Less than high school | 0% | 0% | 0% | 0% | 0% | 0% | 161% | 803% | 0% | 161% | 803% |
Current-law initial AIME quintile | |||||||||||
Highest | 9% | 0% | 0% | 0% | 0% | 39% | 108% | 157% | 39% | 108% | 157% |
Second highest | 0% | 0% | 0% | 0% | 0% | 24% | 134% | 201% | 24% | 134% | 201% |
Middle | 0% | 1% | 0% | 0% | 0% | 14% | 160% | 270% | 14% | 160% | 270% |
Second lowest | 0% | 1% | 0% | 0% | 0% | 23% | 228% | 504% | 23% | 228% | 507% |
Lowest | 0% | 1% | 0% | 0% | 0% | 0% | 254% | 1,561% | 0% | 254% | 1,571% |
Lifetime payroll tax quintile | |||||||||||
Highest | 9% | 1% | 0% | 0% | 0% | 47% | 108% | 152% | 47% | 108% | 152% |
Second highest | 0% | 1% | 0% | 0% | 0% | 25% | 136% | 202% | 25% | 136% | 202% |
Middle | 0% | 1% | 0% | 0% | 0% | 15% | 161% | 267% | 15% | 161% | 267% |
Second lowest | 0% | 2% | 0% | 0% | 0% | 18% | 218% | 454% | 18% | 218% | 456% |
Lowest | 0% | 1% | 0% | 0% | 0% | 0% | 308% | 1,585% | 0% | 308% | 1,593% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 8% | 4% | 0% | 0% | 0% | 56% | 115% | 194% | 56% | 115% | 194% |
Second highest | 1% | 1% | 0% | 0% | 0% | 36% | 139% | 269% | 36% | 139% | 269% |
Middle | 0% | 0% | 0% | 0% | 0% | 19% | 160% | 363% | 19% | 160% | 363% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 6% | 185% | 516% | 6% | 185% | 516% |
Lowest | 0% | 0% | 0% | 0% | 0% | 0% | 205% | 1,138% | 0% | 205% | 1,138% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 10% | 3% | -1% | 0% | 0% | 0% | 129% | 404% | 0% | 128% | 406% |
Sex | |||||||||||
Female | 6% | 5% | 0% | 0% | 0% | 0% | 156% | 570% | 0% | 157% | 580% |
Male | 14% | 1% | -3% | 0% | 0% | 0% | 110% | 275% | 0% | 109% | 275% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 5% | 2% | 0% | 0% | 0% | 0% | 133% | 447% | 0% | 133% | 449% |
White, non-Hispanic | 12% | 4% | -2% | 0% | 0% | 11% | 130% | 403% | 11% | 130% | 406% |
Black or African American, non-Hispanic | 6% | 2% | 0% | 0% | 0% | 0% | 130% | 355% | 0% | 129% | 355% |
All other races, non-Hispanic | 19% | 4% | -8% | 0% | 0% | 0% | 104% | 383% | 0% | 99% | 383% |
Country of birth | |||||||||||
United States | 11% | 3% | -1% | 0% | 0% | 6% | 130% | 369% | 6% | 130% | 371% |
Other countries | 9% | 3% | -2% | 0% | 0% | 0% | 125% | 602% | 0% | 123% | 610% |
Highest education level | |||||||||||
Graduate | 28% | 6% | -8% | 0% | 0% | 17% | 113% | 278% | 17% | 110% | 279% |
Bachelor | 21% | 5% | -6% | 0% | 0% | 5% | 117% | 311% | 5% | 116% | 314% |
Associate | 5% | 2% | 0% | 0% | 0% | 0% | 133% | 348% | 0% | 133% | 351% |
High school | 3% | 2% | 0% | 0% | 0% | 0% | 143% | 533% | 0% | 143% | 538% |
Less than high school | 2% | 1% | 0% | 0% | 0% | 0% | 133% | 627% | 0% | 133% | 629% |
Current-law initial AIME quintile | |||||||||||
Highest | 46% | 2% | -10% | 0% | 0% | 40% | 96% | 138% | 38% | 92% | 136% |
Second highest | 3% | 3% | 0% | 0% | 0% | 31% | 128% | 192% | 31% | 128% | 194% |
Middle | 1% | 4% | 0% | 0% | 0% | 26% | 157% | 271% | 26% | 157% | 273% |
Second lowest | 1% | 4% | 0% | 0% | 0% | 0% | 220% | 568% | 0% | 220% | 573% |
Lowest | 1% | 3% | 0% | 0% | 0% | 0% | 121% | 2,087% | 0% | 121% | 2,100% |
Lifetime payroll tax quintile | |||||||||||
Highest | 46% | 2% | -10% | 0% | 0% | 42% | 96% | 137% | 41% | 92% | 136% |
Second highest | 4% | 3% | 0% | 0% | 0% | 39% | 129% | 194% | 39% | 129% | 195% |
Middle | 1% | 4% | 0% | 0% | 0% | 24% | 159% | 274% | 24% | 159% | 276% |
Second lowest | 1% | 4% | 0% | 0% | 0% | 0% | 215% | 505% | 0% | 216% | 508% |
Lowest | 0% | 3% | 0% | 0% | 0% | 0% | 95% | 2,194% | 0% | 95% | 2,201% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 41% | 7% | -10% | 0% | 0% | 46% | 99% | 163% | 45% | 96% | 164% |
Second highest | 7% | 5% | 0% | 0% | 0% | 44% | 131% | 267% | 43% | 130% | 267% |
Middle | 1% | 2% | 0% | 0% | 0% | 35% | 158% | 359% | 35% | 158% | 360% |
Second lowest | 1% | 1% | 0% | 0% | 0% | 0% | 188% | 575% | 0% | 188% | 575% |
Lowest | 0% | 0% | 0% | 0% | 0% | 0% | 38% | 1,049% | 0% | 38% | 1,049% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 11% | 4% | -2% | 0% | 0% | 0% | 120% | 357% | 0% | 119% | 361% |
Sex | |||||||||||
Female | 7% | 7% | 0% | 0% | 0% | 5% | 145% | 519% | 5% | 145% | 525% |
Male | 15% | 1% | -4% | 0% | 0% | 0% | 103% | 246% | 0% | 101% | 246% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 5% | 2% | 0% | 0% | 0% | 0% | 125% | 401% | 0% | 125% | 406% |
White, non-Hispanic | 13% | 5% | -2% | 0% | 0% | 17% | 120% | 343% | 17% | 120% | 347% |
Black or African American, non-Hispanic | 7% | 2% | 0% | 0% | 0% | 0% | 118% | 333% | 0% | 118% | 333% |
All other races, non-Hispanic | 24% | 6% | -9% | 0% | 0% | 0% | 105% | 349% | 0% | 103% | 355% |
Country of birth | |||||||||||
United States | 11% | 4% | -1% | 0% | 0% | 9% | 120% | 319% | 9% | 119% | 322% |
Other countries | 12% | 5% | -4% | 0% | 0% | 0% | 121% | 565% | 0% | 120% | 574% |
Highest education level | |||||||||||
Graduate | 28% | 8% | -10% | 0% | 0% | 21% | 109% | 259% | 20% | 107% | 266% |
Bachelor | 24% | 6% | -7% | 0% | 0% | 13% | 110% | 278% | 12% | 108% | 279% |
Associate | 5% | 3% | 0% | 0% | 0% | 0% | 124% | 318% | 0% | 124% | 321% |
High school | 4% | 2% | 0% | 0% | 0% | 0% | 129% | 441% | 0% | 129% | 441% |
Less than high school | 3% | 2% | 0% | 0% | 0% | 0% | 125% | 594% | 0% | 125% | 594% |
Current-law initial AIME quintile | |||||||||||
Highest | 49% | 2% | -13% | 0% | 0% | 40% | 88% | 127% | 37% | 84% | 125% |
Second highest | 4% | 4% | 0% | 0% | 0% | 34% | 118% | 177% | 34% | 119% | 177% |
Middle | 2% | 4% | 0% | 0% | 0% | 30% | 144% | 246% | 30% | 144% | 249% |
Second lowest | 1% | 5% | 0% | 0% | 0% | 9% | 196% | 466% | 9% | 197% | 471% |
Lowest | 1% | 4% | 0% | 0% | 0% | 0% | 123% | 1,729% | 0% | 122% | 1,764% |
Lifetime payroll tax quintile | |||||||||||
Highest | 49% | 2% | -13% | 0% | 0% | 43% | 89% | 127% | 41% | 85% | 126% |
Second highest | 5% | 4% | 0% | 0% | 0% | 38% | 119% | 179% | 38% | 119% | 179% |
Middle | 2% | 5% | 0% | 0% | 0% | 27% | 144% | 249% | 27% | 144% | 252% |
Second lowest | 1% | 5% | 0% | 0% | 0% | 13% | 192% | 442% | 13% | 192% | 448% |
Lowest | 0% | 4% | 0% | 0% | 0% | 0% | 125% | 1,771% | 0% | 125% | 1,831% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 44% | 8% | -12% | 0% | 0% | 45% | 91% | 145% | 43% | 87% | 146% |
Second highest | 9% | 6% | 0% | 0% | 0% | 46% | 122% | 227% | 46% | 121% | 231% |
Middle | 3% | 3% | 0% | 0% | 0% | 31% | 140% | 302% | 31% | 139% | 303% |
Second lowest | 1% | 2% | 0% | 0% | 0% | 11% | 172% | 532% | 11% | 172% | 533% |
Lowest | 0% | 0% | 0% | 0% | 0% | 0% | 80% | 996% | 0% | 80% | 999% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 12% | 4% | -2% | 0% | 0% | 0% | 125% | 366% | 0% | 124% | 371% |
Sex | |||||||||||
Female | 7% | 7% | 0% | 0% | 0% | 1% | 149% | 531% | 1% | 150% | 537% |
Male | 16% | 1% | -5% | 0% | 0% | 0% | 107% | 252% | 0% | 105% | 253% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 7% | 3% | 0% | 0% | 0% | 0% | 129% | 400% | 0% | 129% | 401% |
White, non-Hispanic | 13% | 5% | -2% | 0% | 0% | 21% | 126% | 363% | 20% | 125% | 367% |
Black or African American, non-Hispanic | 6% | 1% | 0% | 0% | 0% | 0% | 121% | 306% | 0% | 121% | 307% |
All other races, non-Hispanic | 24% | 5% | -9% | 0% | 0% | 0% | 113% | 335% | 0% | 110% | 340% |
Country of birth | |||||||||||
United States | 12% | 4% | -2% | 0% | 0% | 11% | 125% | 324% | 11% | 125% | 327% |
Other countries | 12% | 4% | -3% | 0% | 0% | 0% | 123% | 516% | 0% | 121% | 522% |
Highest education level | |||||||||||
Graduate | 28% | 7% | -11% | 0% | 0% | 30% | 116% | 286% | 28% | 113% | 290% |
Bachelor | 24% | 6% | -7% | 0% | 0% | 9% | 115% | 300% | 9% | 114% | 303% |
Associate | 6% | 3% | 0% | 0% | 0% | 0% | 129% | 325% | 0% | 129% | 327% |
High school | 4% | 2% | 0% | 0% | 0% | 0% | 133% | 439% | 0% | 133% | 444% |
Less than high school | 3% | 1% | 0% | 0% | 0% | 0% | 129% | 578% | 0% | 129% | 578% |
Current-law initial AIME quintile | |||||||||||
Highest | 51% | 2% | -13% | -1% | 0% | 45% | 95% | 133% | 43% | 90% | 131% |
Second highest | 5% | 3% | 0% | 0% | 0% | 43% | 124% | 181% | 43% | 124% | 181% |
Middle | 2% | 4% | 0% | 0% | 0% | 23% | 149% | 251% | 23% | 149% | 252% |
Second lowest | 1% | 5% | 0% | 0% | 0% | 0% | 208% | 500% | 0% | 208% | 506% |
Lowest | 1% | 5% | 0% | 0% | 0% | 0% | 123% | 1,555% | 0% | 123% | 1,564% |
Lifetime payroll tax quintile | |||||||||||
Highest | 51% | 2% | -13% | -1% | 0% | 46% | 95% | 133% | 44% | 90% | 131% |
Second highest | 5% | 3% | 0% | 0% | 0% | 44% | 123% | 182% | 44% | 123% | 183% |
Middle | 2% | 4% | 0% | 0% | 0% | 30% | 149% | 254% | 30% | 149% | 256% |
Second lowest | 1% | 5% | 0% | 0% | 0% | 2% | 202% | 466% | 2% | 202% | 473% |
Lowest | 0% | 4% | 0% | 0% | 0% | 0% | 124% | 1,589% | 0% | 124% | 1,609% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 47% | 8% | -13% | 0% | 0% | 50% | 98% | 152% | 48% | 93% | 154% |
Second highest | 9% | 6% | 0% | 0% | 0% | 46% | 125% | 235% | 46% | 124% | 237% |
Middle | 2% | 3% | 0% | 0% | 0% | 36% | 146% | 316% | 36% | 146% | 318% |
Second lowest | 1% | 2% | 0% | 0% | 0% | 8% | 183% | 543% | 8% | 183% | 544% |
Lowest | 0% | 0% | 0% | 0% | 0% | 0% | 73% | 797% | 0% | 73% | 797% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 1% | 2% | 0% | 0% | 0% | 24% | 46% | 80% | 24% | 46% | 80% |
Sex | |||||||||||
Female | 0% | 1% | 0% | 0% | 0% | 28% | 52% | 90% | 28% | 52% | 90% |
Male | 1% | 3% | 0% | 0% | 0% | 22% | 42% | 66% | 22% | 42% | 66% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | 27% | 51% | 86% | 27% | 51% | 86% |
White, non-Hispanic | 1% | 2% | 0% | 0% | 0% | 23% | 44% | 76% | 23% | 44% | 76% |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 27% | 50% | 86% | 27% | 50% | 86% |
All other races, non-Hispanic | 1% | 3% | 0% | 0% | 0% | 26% | 48% | 90% | 26% | 49% | 90% |
Country of birth | |||||||||||
United States | 1% | 2% | 0% | 0% | 0% | 23% | 44% | 76% | 23% | 44% | 76% |
Other countries | 1% | 2% | 0% | 0% | 0% | 29% | 53% | 90% | 29% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 2% | 9% | 0% | 0% | 0% | 21% | 42% | 72% | 21% | 42% | 72% |
Bachelor | 2% | 3% | 0% | 0% | 0% | 22% | 42% | 76% | 22% | 42% | 76% |
Associate | 0% | 0% | 0% | 0% | 0% | 24% | 45% | 76% | 24% | 45% | 76% |
High school | 0% | 0% | 0% | 0% | 0% | 26% | 48% | 83% | 26% | 48% | 83% |
Less than high school | 0% | 0% | 0% | 0% | 0% | 32% | 57% | 90% | 32% | 57% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 3% | 8% | 0% | 0% | 0% | 16% | 31% | 47% | 16% | 31% | 47% |
Second highest | 0% | 0% | 0% | 0% | 0% | 23% | 38% | 56% | 23% | 38% | 56% |
Middle | 0% | 0% | 0% | 0% | 0% | 28% | 44% | 64% | 28% | 44% | 64% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 38% | 51% | 79% | 38% | 51% | 79% |
Lowest | 0% | 0% | 0% | 0% | 0% | 53% | 70% | 120% | 53% | 70% | 120% |
Lifetime payroll tax quintile | |||||||||||
Highest | 3% | 8% | 0% | 0% | 0% | 15% | 34% | 50% | 15% | 34% | 50% |
Second highest | 0% | 0% | 0% | 0% | 0% | 22% | 37% | 57% | 22% | 37% | 57% |
Middle | 0% | 0% | 0% | 0% | 0% | 30% | 43% | 66% | 30% | 43% | 66% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 37% | 51% | 81% | 37% | 51% | 81% |
Lowest | 0% | 0% | 0% | 0% | 0% | 51% | 68% | 112% | 51% | 68% | 112% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 2% | 8% | 0% | 0% | 0% | 17% | 36% | 54% | 17% | 37% | 54% |
Second highest | 0% | 1% | 0% | 0% | 0% | 21% | 38% | 63% | 21% | 38% | 63% |
Middle | 0% | 0% | 0% | 0% | 0% | 27% | 43% | 70% | 27% | 43% | 70% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 33% | 50% | 86% | 33% | 50% | 86% |
Lowest | 0% | 0% | 0% | 0% | 0% | 45% | 63% | 90% | 45% | 63% | 90% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 12% | 2% | -1% | 0% | 0% | 24% | 47% | 82% | 23% | 47% | 83% |
Sex | |||||||||||
Female | 8% | 3% | 0% | 0% | 0% | 27% | 52% | 90% | 27% | 52% | 90% |
Male | 16% | 2% | -3% | 0% | 0% | 22% | 43% | 71% | 21% | 42% | 71% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 6% | 1% | 0% | 0% | 0% | 28% | 52% | 90% | 28% | 52% | 90% |
White, non-Hispanic | 13% | 3% | -2% | 0% | 0% | 23% | 45% | 78% | 22% | 44% | 79% |
Black or African American, non-Hispanic | 7% | 1% | 0% | 0% | 0% | 26% | 51% | 85% | 25% | 51% | 85% |
All other races, non-Hispanic | 27% | 4% | -10% | 0% | 0% | 22% | 45% | 81% | 20% | 45% | 81% |
Country of birth | |||||||||||
United States | 12% | 3% | -1% | 0% | 0% | 23% | 46% | 78% | 22% | 46% | 79% |
Other countries | 14% | 2% | -3% | 0% | 0% | 26% | 53% | 90% | 25% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 31% | 6% | -9% | 0% | 0% | 21% | 41% | 74% | 19% | 40% | 75% |
Bachelor | 23% | 4% | -6% | 0% | 0% | 21% | 42% | 79% | 19% | 41% | 79% |
Associate | 6% | 2% | 0% | 0% | 0% | 24% | 46% | 74% | 24% | 46% | 74% |
High school | 4% | 1% | 0% | 0% | 0% | 28% | 50% | 87% | 27% | 50% | 87% |
Less than high school | 3% | 1% | 0% | 0% | 0% | 31% | 56% | 90% | 31% | 56% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 53% | 5% | -12% | -1% | 0% | 15% | 31% | 46% | 15% | 30% | 45% |
Second highest | 5% | 2% | 0% | 0% | 0% | 23% | 38% | 56% | 23% | 38% | 56% |
Middle | 1% | 2% | 0% | 0% | 0% | 30% | 45% | 65% | 30% | 45% | 65% |
Second lowest | 1% | 2% | 0% | 0% | 0% | 40% | 55% | 82% | 40% | 55% | 82% |
Lowest | 0% | 2% | 0% | 0% | 0% | 56% | 73% | 124% | 56% | 73% | 124% |
Lifetime payroll tax quintile | |||||||||||
Highest | 51% | 5% | -12% | -1% | 0% | 15% | 33% | 49% | 15% | 31% | 48% |
Second highest | 7% | 2% | 0% | 0% | 0% | 22% | 37% | 58% | 22% | 37% | 58% |
Middle | 1% | 2% | 0% | 0% | 0% | 30% | 45% | 67% | 30% | 45% | 67% |
Second lowest | 1% | 2% | 0% | 0% | 0% | 38% | 54% | 82% | 38% | 54% | 82% |
Lowest | 0% | 2% | 0% | 0% | 0% | 55% | 71% | 116% | 55% | 71% | 116% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 45% | 7% | -12% | 0% | 0% | 16% | 35% | 51% | 15% | 32% | 51% |
Second highest | 11% | 3% | -1% | 0% | 0% | 22% | 39% | 62% | 21% | 38% | 62% |
Middle | 3% | 2% | 0% | 0% | 0% | 28% | 45% | 72% | 28% | 45% | 72% |
Second lowest | 1% | 1% | 0% | 0% | 0% | 35% | 52% | 85% | 35% | 52% | 85% |
Lowest | 0% | 0% | 0% | 0% | 0% | 50% | 66% | 102% | 50% | 66% | 102% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 14% | 3% | -2% | 0% | 0% | 24% | 47% | 83% | 23% | 47% | 84% |
Sex | |||||||||||
Female | 9% | 4% | 0% | 0% | 0% | 28% | 52% | 90% | 27% | 53% | 90% |
Male | 18% | 2% | -5% | 0% | 0% | 22% | 43% | 72% | 21% | 43% | 72% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 7% | 2% | 0% | 0% | 0% | 27% | 50% | 89% | 26% | 50% | 89% |
White, non-Hispanic | 15% | 4% | -3% | 0% | 0% | 23% | 45% | 80% | 22% | 45% | 80% |
Black or African American, non-Hispanic | 9% | 1% | 0% | 0% | 0% | 29% | 53% | 84% | 28% | 52% | 84% |
All other races, non-Hispanic | 31% | 5% | -11% | 0% | 0% | 24% | 45% | 85% | 22% | 44% | 85% |
Country of birth | |||||||||||
United States | 13% | 3% | -2% | 0% | 0% | 24% | 46% | 80% | 23% | 46% | 80% |
Other countries | 17% | 3% | -5% | 0% | 0% | 27% | 53% | 90% | 26% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 30% | 6% | -12% | 0% | 0% | 22% | 42% | 77% | 20% | 41% | 78% |
Bachelor | 27% | 5% | -9% | 0% | 0% | 21% | 42% | 81% | 18% | 42% | 81% |
Associate | 7% | 2% | 0% | 0% | 0% | 25% | 46% | 77% | 25% | 46% | 77% |
High school | 5% | 2% | 0% | 0% | 0% | 28% | 51% | 87% | 27% | 51% | 88% |
Less than high school | 5% | 1% | 0% | 0% | 0% | 31% | 55% | 90% | 31% | 55% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 57% | 5% | -17% | -1% | 0% | 16% | 31% | 46% | 15% | 29% | 45% |
Second highest | 7% | 2% | 0% | 0% | 0% | 24% | 39% | 57% | 24% | 39% | 57% |
Middle | 3% | 2% | 0% | 0% | 0% | 31% | 45% | 65% | 31% | 45% | 65% |
Second lowest | 2% | 3% | 0% | 0% | 0% | 40% | 54% | 81% | 40% | 54% | 81% |
Lowest | 0% | 3% | 0% | 0% | 0% | 57% | 74% | 125% | 57% | 74% | 126% |
Lifetime payroll tax quintile | |||||||||||
Highest | 56% | 5% | -17% | -1% | 0% | 15% | 34% | 48% | 15% | 30% | 48% |
Second highest | 9% | 2% | 0% | 0% | 0% | 24% | 39% | 59% | 23% | 39% | 59% |
Middle | 3% | 2% | 0% | 0% | 0% | 31% | 45% | 67% | 31% | 45% | 67% |
Second lowest | 2% | 3% | 0% | 0% | 0% | 39% | 53% | 81% | 39% | 54% | 81% |
Lowest | 0% | 2% | 0% | 0% | 0% | 56% | 73% | 118% | 56% | 73% | 119% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 50% | 6% | -17% | -1% | 0% | 16% | 35% | 51% | 16% | 31% | 50% |
Second highest | 12% | 5% | -1% | 0% | 0% | 23% | 40% | 63% | 21% | 40% | 63% |
Middle | 4% | 2% | 0% | 0% | 0% | 29% | 45% | 72% | 29% | 45% | 72% |
Second lowest | 2% | 1% | 0% | 0% | 0% | 35% | 52% | 86% | 35% | 52% | 86% |
Lowest | 0% | 0% | 0% | 0% | 0% | 50% | 67% | 104% | 50% | 67% | 104% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 14% | 3% | -2% | 0% | 0% | 23% | 47% | 84% | 22% | 47% | 84% |
Sex | |||||||||||
Female | 9% | 4% | 0% | 0% | 0% | 28% | 53% | 90% | 27% | 53% | 90% |
Male | 18% | 2% | -5% | 0% | 0% | 22% | 43% | 72% | 20% | 43% | 72% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 8% | 2% | 0% | 0% | 0% | 26% | 50% | 88% | 25% | 50% | 89% |
White, non-Hispanic | 15% | 4% | -3% | 0% | 0% | 22% | 45% | 81% | 21% | 45% | 82% |
Black or African American, non-Hispanic | 8% | 2% | 0% | 0% | 0% | 27% | 52% | 84% | 27% | 51% | 84% |
All other races, non-Hispanic | 31% | 5% | -11% | 0% | 0% | 22% | 43% | 83% | 20% | 43% | 83% |
Country of birth | |||||||||||
United States | 13% | 3% | -2% | 0% | 0% | 23% | 46% | 80% | 22% | 46% | 81% |
Other countries | 17% | 4% | -4% | 0% | 0% | 26% | 52% | 90% | 25% | 51% | 90% |
Highest education level | |||||||||||
Graduate | 31% | 6% | -13% | 0% | 0% | 21% | 42% | 79% | 18% | 42% | 79% |
Bachelor | 27% | 5% | -8% | 0% | 0% | 21% | 42% | 82% | 19% | 41% | 83% |
Associate | 7% | 2% | 0% | 0% | 0% | 23% | 46% | 76% | 23% | 46% | 76% |
High school | 5% | 2% | 0% | 0% | 0% | 27% | 50% | 89% | 26% | 50% | 89% |
Less than high school | 4% | 1% | 0% | 0% | 0% | 31% | 56% | 90% | 31% | 56% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 57% | 6% | -17% | -1% | 0% | 15% | 31% | 46% | 15% | 29% | 44% |
Second highest | 8% | 2% | 0% | 0% | 0% | 23% | 39% | 56% | 23% | 39% | 56% |
Middle | 3% | 2% | 0% | 0% | 0% | 31% | 45% | 65% | 31% | 46% | 65% |
Second lowest | 1% | 3% | 0% | 0% | 0% | 40% | 55% | 82% | 40% | 55% | 83% |
Lowest | 0% | 3% | 0% | 0% | 0% | 57% | 75% | 133% | 57% | 75% | 134% |
Lifetime payroll tax quintile | |||||||||||
Highest | 57% | 6% | -17% | -1% | 0% | 15% | 33% | 47% | 15% | 30% | 46% |
Second highest | 8% | 2% | 0% | 0% | 0% | 22% | 38% | 58% | 22% | 38% | 57% |
Middle | 3% | 2% | 0% | 0% | 0% | 31% | 45% | 66% | 31% | 45% | 66% |
Second lowest | 1% | 3% | 0% | 0% | 0% | 38% | 54% | 84% | 39% | 54% | 84% |
Lowest | 0% | 2% | 0% | 0% | 0% | 56% | 74% | 124% | 56% | 74% | 125% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 51% | 7% | -17% | -1% | 0% | 16% | 35% | 50% | 15% | 31% | 49% |
Second highest | 12% | 5% | -1% | 0% | 0% | 22% | 40% | 62% | 21% | 40% | 62% |
Middle | 4% | 3% | 0% | 0% | 0% | 27% | 45% | 72% | 27% | 45% | 72% |
Second lowest | 2% | 1% | 0% | 0% | 0% | 35% | 53% | 85% | 35% | 52% | 85% |
Lowest | 0% | 0% | 0% | 0% | 0% | 51% | 67% | 108% | 51% | 67% | 108% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: TAXMAX OACT1001v2 02/20/2024 | |||||||||||
NOTES: Start date = 2024.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
For projected effects on the Social Security trust funds, see the Actuary's provision E3.1.