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Detailed Single Year Tables

Description of Proposed Provision:
Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in 2013. Do not provide benefit credit for earnings above the current-law 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
201213.8312.89-0.93
340
0.000.000.00
201313.9513.92-0.03
329
0.001.091.09
201413.9814.110.13
323
0.001.181.18
201513.9714.150.18
318
0.001.201.20
201613.9414.190.25
313
0.001.211.21
201713.9114.220.31
309
0.001.221.22
201813.9614.250.29
305
0.001.211.22
201914.1314.250.12
300
0.001.201.20
202014.3714.26-0.12
294
0.001.181.18
202114.6514.28-0.37
288
0.001.171.17
202214.9714.30-0.67
280
0.001.171.18
202315.2814.32-0.97
271
-0.011.171.18
202415.5914.34-1.25
262
-0.011.171.18
202515.8714.35-1.52
252
-0.011.171.18
202616.1414.37-1.77
241
-0.011.171.18
202716.4014.39-2.02
230
-0.011.171.18
202816.6314.40-2.22
218
-0.011.181.19
202916.8214.41-2.41
206
-0.011.181.19
203016.9914.43-2.57
193
-0.011.181.19
203117.1314.43-2.70
179
-0.011.181.19
203217.2314.44-2.79
165
-0.011.181.19
203317.3114.45-2.86
150
-0.021.181.19
203417.3614.45-2.91
135
-0.021.181.19
203517.3914.46-2.93
121
-0.021.181.20
203617.4114.46-2.95
105
-0.021.181.20
203717.4114.46-2.95
90
-0.021.181.20
203817.4014.46-2.94
75
-0.021.181.20
203917.3714.46-2.91
59
-0.021.181.20
204017.3314.46-2.87
44
-0.021.181.20
204117.2914.46-2.83
28
-0.021.181.20
204217.2514.46-2.79
12
-0.031.181.21
204317.2214.46-2.76
----
-0.031.181.21
204417.1814.46-2.73
----
-0.031.181.21
204517.1614.46-2.70
----
-0.031.181.21
204617.1314.46-2.67
----
-0.031.181.21
204717.1014.46-2.65
----
-0.031.181.21
204817.0814.46-2.62
----
-0.031.181.22
204917.0614.46-2.60
----
-0.031.181.22
205017.0414.46-2.59
----
-0.041.181.22
205117.0314.46-2.58
----
-0.041.181.22
205217.0314.46-2.57
----
-0.041.181.22
205317.0314.46-2.57
----
-0.041.191.22
205417.0414.46-2.58
----
-0.041.191.23
205517.0514.46-2.59
----
-0.041.191.23
205617.0614.47-2.60
----
-0.041.191.23
205717.0814.47-2.61
----
-0.041.191.23
205817.0914.47-2.62
----
-0.041.191.23
205917.1014.47-2.63
----
-0.051.191.23
206017.1114.47-2.64
----
-0.051.191.24
206117.1114.47-2.64
----
-0.051.191.24
206217.1214.48-2.64
----
-0.051.191.24
206317.1314.48-2.65
----
-0.051.191.24
206417.1414.48-2.66
----
-0.051.191.24
206517.1514.48-2.67
----
-0.051.191.24
206617.1714.48-2.69
----
-0.051.191.24
206717.1914.49-2.71
----
-0.051.191.24
206817.2214.49-2.73
----
-0.051.191.24
206917.2414.49-2.75
----
-0.051.201.25
207017.2714.49-2.78
----
-0.051.201.25
207117.3014.50-2.81
----
-0.051.201.25
207217.3314.50-2.83
----
-0.051.201.25
207317.3514.50-2.85
----
-0.051.201.25
207417.3814.50-2.88
----
-0.051.201.25
207517.4114.51-2.90
----
-0.051.201.25
207617.4314.51-2.93
----
-0.051.201.25
207717.4614.51-2.95
----
-0.051.201.25
207817.4914.51-2.98
----
-0.051.201.25
207917.5214.52-3.00
----
-0.051.201.25
208017.5514.52-3.03
----
-0.051.201.25
208117.5914.52-3.07
----
-0.051.201.26
208217.6214.52-3.10
----
-0.051.201.26
208317.6614.53-3.14
----
-0.051.201.26
208417.7014.53-3.17
----
-0.051.211.26
208517.7414.53-3.21
----
-0.051.211.26
208617.7814.54-3.25
----
-0.051.211.26
208717.8214.54-3.28
----
-0.051.211.26



 

Summarized Estimates

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

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086 16.66% 15.19% -1.47%
2042
-0.03% 1.17% 1.19%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013