Table 1e— Projected OASDI Taxable Payroll
Calendar
Year
OASDI Effective Taxable Payroll
Percent Change in
Taxable Payroll
Under the Proposal
Present Law
Proposal
(billions of nominal dollars)
2004
4,501
4,501
0.0
2005
4,730
4,730
0.0
2006
4,985
5,002
0.3
2007
5,244
5,280
0.7
2008
5,511
5,566
1.0
2009
5,784
5,862
1.4
2010
6,065
6,180
1.9
2011
6,354
6,509
2.4
2012
6,646
6,845
3.0
2013
6,946
7,191
3.5
2014
7,258
7,548
4.0
2015
7,583
7,920
4.4
2016
7,919
8,305
4.9
2017
8,268
8,706
5.3
2018
8,630
9,120
5.7
2019
9,005
9,550
6.1
2020
9,391
9,994
6.4
2021
9,794
10,456
6.8
2022
10,209
10,935
7.1
2023
10,640
11,432
7.4
2024
11,085
11,946
7.8
2025
11,545
12,475
8.1
2026
12,024
13,028
8.3
2027
12,527
13,612
8.7
2028
13,054
14,224
9.0
2029
13,599
14,856
9.2
2030
14,166
15,512
9.5
2031
14,758
16,199
9.8
2032
15,381
16,927
10.1
2033
16,033
17,690
10.3
2034
16,714
18,483
10.6
2035
17,418
19,304
10.8
2036
18,153
20,163
11.1
2037
18,923
21,069
11.3
2038
19,728
22,016
11.6
2039
20,569
23,004
11.8
2040
21,442
24,019
12.0
2041
22,353
25,078
12.2
2042
23,302
26,188
12.4
2043
24,292
27,349
12.6
2044
25,321
28,515
12.6
2045
26,386
29,711
12.6
2046
27,491
30,955
12.6
2047
28,642
32,251
12.6
2048
29,842
33,607
12.6
2049
31,085
35,003
12.6
2050
32,374
36,454
12.6
2051
33,719
37,965
12.6
2052
35,120
39,545
12.6
2053
36,579
41,193
12.6
2054
38,101
42,906
12.6
2055
39,682
44,683
12.6
2056
41,324
46,531
12.6
2057
43,036
48,460
12.6
2058
44,817
50,471
12.6
2059
46,670
52,558
12.6
2060
48,600
54,729
12.6
2061
50,605
56,984
12.6
2062
52,699
59,345
12.6
2063
54,883
61,809
12.6
2064
57,155
64,367
12.6
2065
59,520
67,030
12.6
2066
61,964
69,783
12.6
2067
64,511
72,655
12.6
2068
67,183
75,665
12.6
2069
69,970
78,802
12.6
2070
72,868
82,068
12.6
2071
75,881
85,464
12.6
2072
79,015
88,995
12.6
2073
82,282
92,675
12.6
2074
85,685
96,508
12.6
2075
89,221
100,496
12.6
2076
92,900
104,638
12.6
2077
96,727
108,951
12.6
2078
100,711
113,439
12.6
2079
104,859
118,125
12.7

Based on Intermediate Assumptions of the 2004 Trustees Report

Office of the Chief Actuary
Social Security Administration
April 13, 2005

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