Research Report Taxable Payroll and Payroll Tax Rates
Peter Orszag
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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.
Research Areas Health and health care Taxes and budgets
Tags Health insurance Taxes and business