Tax Policy Center

Model Estimates

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T07-0035 - Change Social Security Rate to 5.35% and Eliminate the Cap on Social Security, Static Impact on Revenue ($ billions), 2009-13

2009-13 Static impact on tax liability and revenue of eliminating the cap on earnings subject to social security payroll taxes and reducing the rate for both employer and employee to 5.35 percent

January 25, 2007