Table 1.0 a OASDI Tax Income, Outgo, and Net Cash Flow Balance-- for Proposal
Year
Income
Excluding
Interest
Interest
Income
Total
Income
Outgo
Assets at
End of Year
OASDI
Effective
Taxable Payroll
Billions of nominal (current) dollars
2003
555.9
87.5
643.4
477.9
1,543.5
4,389
2004
584.2
97.5
681.6
499.1
1,726.0
4,630
2005
621.2
109.6
730.8
521.6
1,935.3
4,901
2006
657.5
123.7
781.2
545.6
2,170.8
5,196
2007
696.8
139.4
836.2
574.6
2,432.4
5,493
2008
735.9
156.2
892.1
607.3
2,717.2
5,800
2009
776.6
173.7
950.4
644.1
3,023.5
6,117
2010
818.8
192.4
1,011.1
684.1
3,350.5
6,440
2011
865.9
212.1
1,078.0
728.0
3,700.5
6,773
2012
909.0
233.1
1,142.2
775.8
4,066.9
7,112
2013
955.9
255.0
1,210.9
829.4
4,448.4
7,469
2014
1,004.4
277.6
1,282.0
887.2
4,843.2
7,838
2015
1,054.6
300.8
1,355.4
949.7
5,249.0
8,219
2016
1,106.5
324.5
1,431.0
1,018.3
5,661.7
8,612
2017
1,161.0
348.3
1,509.3
1,092.7
6,078.3
9,023
2018
1,217.8
373.1
1,590.9
1,172.8
6,496.4
9,451
2019
1,277.4
397.9
1,675.3
1,257.8
6,913.9
9,899
2020
1,339.4
422.6
1,762.0
1,349.6
7,326.3
10,364
2021
1,404.7
446.8
1,851.5
1,448.0
7,729.9
10,854
2022
1,472.3
470.4
1,942.7
1,550.3
8,122.2
11,359
2023
1,543.0
493.4
2,036.4
1,654.9
8,503.7
11,888
2024
1,616.6
515.7
2,132.2
1,764.7
8,871.2
12,438
2025
1,693.5
537.0
2,230.6
1,879.3
9,222.5
13,013
2026
1,774.0
557.5
2,331.5
1,998.7
9,555.3
13,615
2027
1,858.5
576.6
2,435.2
2,123.7
9,866.8
14,246
2028
1,947.2
594.4
2,541.6
2,253.8
10,154.6
14,907
2029
2,039.7
610.9
2,650.6
2,387.8
10,417.3
15,598
2030
2,136.6
625.8
2,762.3
2,525.5
10,654.2
16,323
2031
2,238.1
639.1
2,877.3
2,666.8
10,864.6
17,083
2032
2,344.2
650.9
2,995.1
2,812.0
11,047.7
17,878
2033
2,455.2
661.1
3,116.3
2,960.8
11,203.2
18,712
2034
2,570.8
669.6
3,240.4
3,113.4
11,330.2
19,580
2035
2,691.5
676.4
3,367.9
3,270.1
11,428.0
20,488
2036
2,817.6
681.5
3,499.1
3,431.3
11,495.8
21,439
2037
2,945.1
684.6
3,629.7
3,597.0
11,528.6
22,396
2038
3,078.4
685.7
3,764.2
3,767.6
11,525.2
23,400
2039
3,216.9
684.6
3,901.5
3,943.9
11,482.8
24,443
2040
3,361.0
681.0
4,042.0
4,126.8
11,398.0
25,528
2041
3,511.2
674.8
4,186.0
4,317.8
11,266.3
26,660
2042
3,668.0
665.7
4,333.7
4,517.8
11,082.2
27,840
2043
3,831.4
653.4
4,484.8
4,727.9
10,839.1
29,070
2044
4,001.9
637.3
4,639.2
4,948.9
10,529.4
30,353
2045
4,178.9
617.0
4,795.9
5,181.8
10,143.5
31,683
2046
4,363.8
591.9
4,955.7
5,427.2
9,671.9
33,070
2047
4,556.6
561.5
5,118.1
5,685.3
9,104.7
34,515
2048
4,757.9
525.1
5,283.0
5,956.1
8,431.6
36,024
2049
4,967.7
482.2
5,449.8
6,241.0
7,640.4
37,594
2050
5,186.3
431.8
5,618.1
6,541.3
6,717.2
39,229
2051
5,414.2
373.2
5,787.5
6,858.4
5,646.2
40,931
2052
5,652.7
305.5
5,958.2
7,193.0
4,411.4
42,712
2053
5,901.7
227.5
6,129.2
7,543.2
2,997.4
44,569
2054
6,161.3
138.5
6,299.8
7,910.1
1,387.2
46,506
2055
48,532
2056
50,645
2057
52,850
2058
55,157
2059
57,562
2060
60,073
2061
62,692
2062
65,420
2063
68,271
2064
71,245
2065
74,341
2066
77,572
2067
80,936
2068
84,447
2069
88,107
2070
91,922
2071
95,895
2072
100,038
2073
104,357
2074
108,863
2075
113,560
2076
118,455
2077
123,560
2078
128,884
Office of the Actuary
Social Security Administration
September 29, 2003
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