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Detailed Single Year Tables

Description of Proposed Provision:
Increase the taxable maximum until taxable earnings equal 90 percent of covered earnings (phased in 2012-2021). In addition, apply a tax rate of 6.2 percent for earnings above the revised taxable maximum (phased in from 2012-2021). Provide benefit credit on earnings taxed up to the revised taxable maximum.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
present-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201113.3512.52-0.82
353
0.000.000.00
201213.2313.10-0.13
347
0.000.240.24
201313.1813.330.15
342
0.000.470.47
201413.1813.590.41
339
0.000.670.67
201513.2513.800.55
338
0.000.860.86
201613.3313.990.67
337
0.001.021.02
201713.4614.180.71
337
0.001.181.17
201813.6214.350.73
337
0.001.321.31
201913.8914.490.60
335
0.011.451.44
202014.2014.640.44
333
0.011.581.57
202114.5314.770.24
331
0.011.691.67
202214.8414.79-0.05
328
0.021.691.68
202315.1514.81-0.33
324
0.021.701.68
202415.4314.83-0.60
319
0.021.701.67
202515.7014.85-0.86
314
0.031.701.67
202615.9614.86-1.10
308
0.041.701.66
202716.1914.88-1.31
301
0.041.701.66
202816.4014.89-1.50
293
0.051.701.65
202916.5814.91-1.67
285
0.061.701.65
203016.7214.92-1.81
276
0.071.711.64
203116.8414.93-1.91
267
0.081.711.63
203216.9414.94-2.00
257
0.081.711.63
203317.0214.95-2.08
248
0.091.711.62
203417.0814.95-2.13
238
0.101.711.61
203517.1214.96-2.17
228
0.111.721.60
203617.1514.96-2.19
218
0.121.721.60
203717.1714.97-2.20
208
0.131.721.59
203817.1614.97-2.19
198
0.141.721.58
203917.1414.97-2.17
188
0.151.721.58
204017.1114.97-2.14
178
0.161.731.57
204117.0814.97-2.10
168
0.171.731.56
204217.0514.98-2.07
158
0.181.731.55
204317.0214.98-2.05
148
0.191.731.55
204417.0114.98-2.03
139
0.201.731.54
204516.9914.98-2.01
129
0.211.741.53
204616.9714.98-1.99
119
0.221.741.52
204716.9614.98-1.98
109
0.221.741.52
204816.9514.99-1.97
99
0.231.741.51
204916.9514.99-1.96
89
0.241.751.50
205016.9414.99-1.95
79
0.251.751.49
205116.9415.00-1.95
69
0.261.751.49
205216.9515.00-1.96
58
0.271.751.48
205316.9715.00-1.97
48
0.281.761.47
205416.9915.01-1.99
37
0.291.761.47
205517.0215.01-2.01
26
0.301.761.46
205617.0515.02-2.04
15
0.311.761.45
205717.0815.02-2.06
4
0.321.771.45
205817.1115.03-2.08
----
0.331.771.44
205917.1315.03-2.10
----
0.341.771.44
206017.1515.03-2.11
----
0.341.781.43
206117.1715.04-2.13
----
0.351.781.43
206217.1815.04-2.14
----
0.361.781.42
206317.2015.05-2.16
----
0.361.781.42
206417.2215.05-2.17
----
0.371.791.42
206517.2415.05-2.19
----
0.381.791.41
206617.2715.06-2.21
----
0.381.791.41
206717.3015.06-2.24
----
0.391.791.41
206817.3315.07-2.26
----
0.391.801.40
206917.3715.07-2.30
----
0.401.801.40
207017.4015.07-2.33
----
0.401.801.40
207117.4415.08-2.36
----
0.401.801.40
207217.4715.08-2.39
----
0.411.801.40
207317.5215.09-2.43
----
0.411.811.40
207417.5615.09-2.46
----
0.411.811.39
207517.6015.10-2.50
----
0.421.811.39
207617.6315.10-2.53
----
0.421.811.39
207717.6715.10-2.57
----
0.421.811.39
207817.7115.11-2.60
----
0.431.821.39
207917.7515.11-2.64
----
0.431.821.39
208017.7915.12-2.67
----
0.431.821.39
208117.8315.12-2.71
----
0.431.821.39
208217.8715.13-2.75
----
0.441.821.39
208317.9215.13-2.78
----
0.441.821.39
208417.9615.14-2.82
----
0.441.831.39
208518.0015.14-2.86
----
0.441.831.39
208618.0415.14-2.89
----
0.441.831.39



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of
exhaustion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085 16.44% 15.62% -0.82%
2057
0.19% 1.60% 1.41%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011