T08-0001 - Options to Adjust Social Security Earnings Cap, Static Impact on Individual Income and Payroll Tax Liability and Revenue ($ billions), 2009-18

2009-18 Static impact on individual income and payroll tax liability and revenue for two options to adjust the maximum amount of earnings subject to payroll taxes. The first eliminates the cap entirely; the second creates a "donut hole," earnings between the current maximum and $200,000 (indexed for wage growth after 2009) are not taxed but earnings above $200,000 are.