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Research report

Taxable Payroll and Payroll Tax Rates

Peter Orszag
May 5, 2003
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Abstract

While the payroll tax rates for Hospital Insurance and OASDI have increased since 1966, the HI rate has risen faster. The HI rate is now almost one-quarter of the OASDI rate. Orszag concludes that removing the current $87,000 cap on taxable payroll under OASDI would raise a substantial share of the long-term OASDI deficit.

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Business Taxes
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