Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005

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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos
and Richard B. Tucker

IV.2.—FICA, SECA, and State Deposit Revenue to the OASI Trust Fund
(Calendar years 1980-2004, and calendar quarters 2005-14)
[In millions]
Calendar
period
FICA
SECA
State deposits
Adjustments
Refunds
Total
Tax receipts
Credit 1
Tax receipts
Credit 1
Tax receipts
Credit 1
1980
$87,031.0
...
$4,400.0
...
$11,810.0
...
$571.6
-$357.5
$103,455.1
1981
103,990.0
...
5,146.0
...
12,295.0
...
1,576.1
-380.0
122,627.1
1982
106,617.0
...
6,043.0
...
12,264.0
...
-1,014.3
-236.6
123,673.1
1983
115,988.0
...
5,363.0
...
13,803.0
...
-2,145.5
-292.8
132,715.7
1984
136,604.0
$3,594.0
6,636.0
$627.0
16,445.0
$385.9
-654.7
-296.0
163,341.2
1985
149,559.0
49.4
7,877.0
1,767.0
17,201.0
12.9
615.7
-450.2
176,631.8
1986
160,596.0
65.3
8,657.0
1,541.1
18,866.0
-1.6
1,230.3
-537.4
190,416.7
1987
190,466.0
5.0
9,798.0
1,638.9
423.4
-1.2
429.2
-373.2
202,386.1
1988
216,018.0
2.4
12,391.0
2,089.2
-8.1
...
-489.7
-511.9
229,490.9
1989
235,577.0
.6
13,668.0
2,065.2
-35.1
1.6
-594.6
-792.3
249,890.4
1990
254,271.0
.6
15,924.0
1,419.9
12.8
-.1
-3,758.2
-790.8
267,079.2
1991
257,794.0
.3
17,792.0
96.2
16.2
...
-2,877.3
-603.8
272,217.6
1992
267,062.0
...
18,022.0
-138.8
-8.0
-1.7
-3,593.4
-677.6
280,664.5
1993
279,226.0
.1
17,045.0
39.9
-43.3
...
-5,203.0
-466.3
290,598.4
1994
291,505.0
...
18,502.0
6.1
2.0
...
-16,234.4
-744.9
293,035.8
1995
289,003.0
...
18,306.0
-38.9
-1.6
...
-2,247.2
-643.2
304,378.1
1996
303,776.0
...
18,608.0
1.3
-7.0
...
-324.9
-759.6
321,293.8
1997
331,246.0
...
19,480.0
1.2
9.0
...
-161.9
-895.3
349,679.0
1998
352,868.0
...
20,489.0
1.2
-9.5
...
-606.3
-1,778.0
370,964.4
1999
374,767.0
...
21,310.0
.4
2.0
...
1,346.3
-1,301.0
396,124.7
2000
398,297.0
...
22,627.0
.6
3.1
...
2,150.7
-1,695.0
421,383.4
2001
418,484.0
...
23,160.0
1.4
-.1
...
2,466.7
-2,659.7
441,452.3
2002
432,943.0
...
23,822.0
.6
...
...
-708.4
-858.4
455,198.8
2003
441,448.0
...
24,098.0
.5
...
...
-8,016.5
-1,452.8
456,077.2
2004
452,528.0
...
26,594.0
.2
...
...
-5,796.3
-1,192.8
472,133.1
2005-I
121,103.0
...
5,463.0
...
...
...
-570.7
...
125,995.3
2005-II
122,516.0
...
15,524.0
...
...
...
1,157.0
...
139,197.0
2005-III
116,611.0
...
5,170.0
...
...
...
-911.7
-1,531.0
119,338.3
2005-IV
112,635.0
...
611.0
...
...
...
-1,065.7
...
112,180.3
2006-I
130,029.0
...
5,739.0
...
...
...
544.1
...
136,312.1
2006-II
130,270.0
...
16,297.0
...
...
...
2,257.7
...
148,824.7
2006-III
121,423.0
...
5,442.0
...
...
...
275.2
-1,665.0
125,475.2
2006-IV
118,446.0
...
643.0
...
...
...
-923.8
...
118,165.2
2007-I
137,687.0
...
6,042.0
...
...
...
360.0
...
144,089.0
2007-II
137,249.0
...
17,154.0
...
...
...
218.5
...
154,621.5
2007-III
127,853.0
...
5,727.0
...
...
...
287.7
-1,797.0
132,070.7
2007-IV
124,317.0
...
677.0
...
...
...
-970.5
...
124,023.5
2008-I
144,310.0
...
6,358.0
...
...
...
378.3
...
151,046.3
2008-II
143,888.0
...
18,066.0
...
...
...
229.2
...
162,183.2
2008-III
133,788.0
...
6,036.0
...
...
...
301.9
-1,918.0
138,207.9
2008-IV
131,466.0
...
713.0
...
...
...
-1,021.9
...
131,157.1
2009-I
150,802.0
...
6,704.0
...
...
...
397.9
...
157,903.9
2009-II
150,188.0
...
19,046.0
...
...
...
240.9
...
169,474.9
2009-III
139,580.0
...
6,363.0
...
...
...
317.4
-2,025.0
144,235.4
2009-IV
140,007.0
...
752.0
...
...
...
-1,075.4
...
139,683.6
2010-I
156,084.0
...
7,066.0
...
...
...
418.8
...
163,568.8
2010-II
158,433.0
...
20,074.0
...
...
...
253.3
...
178,760.3
2010-III
148,422.0
...
6,706.0
...
...
...
333.9
-2,133.0
153,328.9
2010-IV
145,759.0
...
793.0
...
...
...
-1,134.3
...
145,417.7
2011-I
164,680.0
...
7,447.0
...
...
...
441.1
...
172,568.1
2011-II
166,452.0
...
21,156.0
...
...
...
266.7
...
187,874.7
2011-III
156,363.0
...
7,067.0
...
...
...
351.6
-2,243.0
161,538.6
2011-IV
150,361.0
...
835.0
...
...
...
-1,195.6
...
150,000.4
2012-I
174,446.0
...
7,848.0
...
...
...
464.9
...
182,758.9
2012-II
173,842.0
...
22,269.0
...
...
...
281.0
...
196,392.0
2012-III
161,786.0
...
7,430.0
...
...
...
370.5
-2,358.0
167,228.5
2012-IV
157,210.0
...
878.0
...
...
...
-1,260.0
...
156,828.0
2013-I
181,670.0
...
8,247.0
...
...
...
489.9
...
190,406.9
2013-II
182,151.0
...
23,388.0
...
...
...
296.2
...
205,835.2
2013-III
168,742.0
...
7,800.0
...
...
...
390.4
-2,485.0
174,447.4
2013-IV
164,262.0
...
921.0
...
...
...
-1,328.0
...
163,855.0
2014-I
189,961.0
...
8,655.0
...
...
...
516.4
...
199,132.4
2014-II
189,315.0
...
24,557.0
...
...
...
312.1
...
214,184.1
2014-III
175,838.0
...
8,193.0
...
...
...
411.5
-2,611.0
181,831.5
2014-IV
172,680.0
...
968.0
...
...
...
-1,394.7
...
172,253.3

1Credit against FICA and SECA tax liability not applicable until 1984.

Sources:

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.

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