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Summary Measures and Graphs

Description of Proposed Provision:
Increase the taxable maximum (contribution and benefit base) by an additional 2 percent over normal indexing starting in 2013, until 90 percent of OASDI covered earnings is taxable (achieved in 2050). The present-law taxable maximum is retained for benefit purposes; no benefit credit is given for earnings above the present-law taxable maximum.

Estimates based on the intermediate assumptions of the 2010 Trustees Report

Summary Measures
[As a percentage of taxable payroll]
Present Law Change from present law Results with this provision
Long-range
actuarial
balance
Annual
balance in
75th year
Long-range
actuarial
balance
Annual
balance in
75th year
Long-range
actuarial
balance
Annual
balance in
75th year
-1.92 -4.12 0.71 1.09 -1.21 -3.03


graph of OASDI cost rates and income rates by year, under
                 present law and provision. click on graph to view underlying
                 data. graph of OASDI trust fund ratio by year, under present law
                 and provision. click on graph to view underlying data.
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Last reviewed or modified March 2, 2011