Proposed Provision: Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2015-2062, and a 3 percent rate for years 2063 and later. Do not provide benefit credit for earnings above the current-law taxable maximum.

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

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201212.912.913.813.8
201312.812.814.014.0
201412.912.914.014.0
201513.013.314.014.0
201613.013.413.913.9
201713.013.413.913.9
201813.013.514.014.0
201913.113.514.114.1
202013.113.514.414.4
202113.113.514.714.7
202213.113.515.015.0
202313.113.515.315.3
202413.213.615.615.6
202513.213.615.915.9
202613.213.616.216.1
202713.213.616.416.4
202813.213.616.616.6
202913.213.616.816.8
203013.213.717.017.0
203113.313.717.117.1
203213.313.717.217.2
203313.313.717.317.3
203413.313.717.417.4
203513.313.717.417.4
203613.313.717.417.4
203713.313.717.417.4
203813.313.717.417.4
203913.313.717.417.4
204013.313.717.417.4
204113.313.717.317.3
204213.313.717.317.3
204313.313.717.217.2
204413.313.717.217.2
204513.313.717.217.2
204613.313.717.217.2
204713.313.717.117.1
204813.313.717.117.1
204913.313.717.117.1
205013.313.717.117.1
205113.313.717.117.1
205213.313.717.117.1
205313.313.717.117.1
205413.313.717.117.1
205513.313.717.117.1
205613.313.717.117.1
205713.313.717.117.1
205813.313.717.117.1
205913.313.717.117.1
206013.313.717.217.1
206113.313.717.217.1
206213.313.717.217.2
206313.313.917.217.2
206413.313.917.217.2
206513.313.917.217.2
206613.313.917.217.2
206713.313.917.217.2
206813.313.917.317.2
206913.313.917.317.3
207013.313.917.317.3
207113.313.917.417.3
207213.313.917.417.4
207313.313.917.417.4
207413.313.917.417.4
207513.313.917.517.4
207613.313.917.517.5
207713.313.917.517.5
207813.313.917.517.5
207913.313.917.617.6
208013.313.917.617.6
208113.313.917.617.6
208213.313.917.717.7
208313.313.917.717.7
208413.313.917.817.7
208513.313.917.817.8
208613.313.917.817.8
208713.313.917.917.9
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