Tax Policy Center

Exempt $5,000 from Payroll Tax Base, Repeal Social Security Cap

Individual Taxes: Payroll

2008-17 Static impact on individual income tax liability and revenue for a plan that exempts the first $5,000 of wage income from the payroll tax base and eliminates the cap on the Social Security tax base

July 22, 2007
Individual Taxes: Payroll

2008 Distribution of federal tax change by cash income class for a plan that exempts the first $5,000 of wage income from the payroll tax base and eliminates the cap on the Social Security tax base

July 22, 2007
Individual Taxes: Payroll

2008 Distribution of federal tax change by cash income percentile for a plan that exempts the first $5,000 of wage income from the payroll tax base and eliminates the cap on the Social Security tax base

July 22, 2007
Individual Taxes: Payroll

2017 Distribution of federal tax change by cash income class for a plan that exempts the first $5,000 of wage income from the payroll tax base and eliminates the cap on the Social Security tax base

July 22, 2007
Individual Taxes: Payroll

2017 Distribution of federal tax change by cash income percentile for a plan that exempts the first $5,000 of wage income from the payroll tax base and eliminates the cap on the Social Security tax base

July 22, 2007