Proposed Provision: B7.2. Reduce benefits by 5 percent for those newly eligible for benefits in 2024 and later.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202313.313.314.514.5
202412.912.914.914.9
202513.013.015.015.0
202613.113.115.215.2
202713.113.115.415.3
202813.113.115.615.5
202913.213.215.715.6
203013.213.215.915.7
203113.213.216.015.8
203213.213.216.115.9
203313.213.216.316.0
203413.313.216.416.1
203513.313.316.516.2
203613.313.316.616.2
203713.313.316.616.2
203813.313.316.716.3
203913.313.316.716.3
204013.313.316.816.3
204113.313.316.816.3
204213.313.316.816.3
204313.313.316.816.3
204413.313.316.816.2
204513.313.316.916.2
204613.313.316.916.2
204713.313.316.916.2
204813.313.316.916.2
204913.313.317.016.2
205013.313.317.016.2
205113.313.317.016.3
205213.313.317.116.3
205313.313.317.116.3
205413.313.317.216.4
205513.313.317.216.4
205613.313.317.316.5
205713.413.317.416.5
205813.413.317.516.6
205913.413.317.516.7
206013.413.317.616.8
206113.413.317.716.8
206213.413.317.816.9
206313.413.317.816.9
206413.413.317.917.0
206513.413.317.917.1
206613.413.418.017.1
206713.413.418.117.2
206813.413.418.117.2
206913.413.418.217.3
207013.413.418.217.3
207113.413.418.317.4
207213.413.418.317.4
207313.413.418.417.5
207413.413.418.417.5
207513.413.418.517.5
207613.413.418.517.6
207713.413.418.517.6
207813.413.418.517.6
207913.413.418.517.6
208013.413.418.517.5
208113.413.418.417.5
208213.413.418.417.5
208313.413.418.317.4
208413.413.418.317.4
208513.413.418.217.3
208613.413.418.217.3
208713.413.418.117.2
208813.413.418.017.1
208913.413.418.017.1
209013.413.417.917.0
209113.413.417.817.0
209213.413.417.816.9
209313.413.417.816.9
209413.413.417.816.9
209513.413.417.716.9
209613.413.417.716.9
209713.413.417.816.9
209813.413.417.816.9
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