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Detailed Single Year Tables

Description of Proposed Provision:
Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2017. 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
201614.0512.94-1.10
303
0.000.000.00
201713.7213.50-0.21
293
0.000.590.59
201813.8513.58-0.27
281
0.000.630.63
201913.9813.59-0.39
270
0.000.630.63
202014.1313.60-0.53
259
0.000.620.62
202114.2713.62-0.65
248
0.000.620.62
202214.4913.65-0.84
236
0.000.610.62
202314.7613.67-1.09
223
0.000.610.61
202415.0213.69-1.33
209
0.000.600.60
202515.2813.71-1.58
195
0.000.600.60
202615.4713.72-1.74
182
0.000.600.60
202715.6413.74-1.91
168
0.000.600.60
202815.8113.75-2.06
155
0.000.600.60
202915.9613.77-2.20
141
0.000.600.60
203016.1013.78-2.32
128
0.000.600.60
203116.2213.79-2.43
114
-0.010.600.60
203216.3213.80-2.52
100
-0.010.600.60
203316.4013.80-2.60
86
-0.010.600.60
203416.4613.81-2.65
71
-0.010.600.60
203516.4913.81-2.68
56
-0.010.600.60
203616.5513.82-2.73
41
-0.010.600.61
203716.5913.82-2.77
25
-0.010.600.61
203816.6013.83-2.78
9
-0.010.600.61
203916.6013.83-2.77
----
-0.010.600.61
204016.5813.83-2.75
----
-0.010.600.61
204116.5513.83-2.72
----
-0.010.600.61
204216.5213.83-2.69
----
-0.010.600.61
204316.4913.83-2.66
----
-0.010.600.61
204416.4613.83-2.63
----
-0.010.600.61
204516.4413.83-2.61
----
-0.010.600.61
204616.4113.83-2.58
----
-0.010.600.61
204716.3913.83-2.56
----
-0.010.600.61
204816.3713.83-2.54
----
-0.010.600.61
204916.3513.83-2.52
----
-0.020.600.61
205016.3413.83-2.51
----
-0.020.600.61
205116.3413.83-2.51
----
-0.020.600.62
205216.3513.83-2.52
----
-0.020.600.62
205316.3813.84-2.54
----
-0.020.600.62
205416.4113.84-2.57
----
-0.020.600.62
205516.4413.84-2.60
----
-0.020.600.62
205616.4913.85-2.64
----
-0.020.600.62
205716.5413.85-2.69
----
-0.020.600.62
205816.5913.85-2.73
----
-0.020.600.62
205916.6413.86-2.78
----
-0.020.600.62
206016.6813.86-2.82
----
-0.020.600.62
206116.7313.87-2.87
----
-0.020.600.62
206216.7813.87-2.91
----
-0.020.600.62
206316.8313.87-2.96
----
-0.020.600.62
206416.8813.88-3.00
----
-0.020.600.62
206516.9313.88-3.05
----
-0.020.600.63
206616.9813.88-3.10
----
-0.020.600.63
206717.0413.89-3.15
----
-0.030.600.63
206817.0913.89-3.20
----
-0.030.600.63
206917.1413.90-3.24
----
-0.030.600.63
207017.1913.90-3.29
----
-0.030.600.63
207117.2413.90-3.34
----
-0.030.600.63
207217.2813.91-3.37
----
-0.030.600.63
207317.3113.91-3.41
----
-0.030.600.63
207417.3413.91-3.43
----
-0.030.600.63
207517.3613.91-3.45
----
-0.030.600.63
207617.3813.91-3.46
----
-0.030.600.63
207717.3813.92-3.47
----
-0.030.600.63
207817.3813.92-3.47
----
-0.030.600.63
207917.3813.92-3.46
----
-0.030.600.63
208017.3713.92-3.46
----
-0.030.600.63
208117.3713.92-3.46
----
-0.030.600.63
208217.3813.92-3.46
----
-0.030.610.63
208317.3913.92-3.47
----
-0.030.610.63
208417.4113.92-3.49
----
-0.030.610.63
208517.4413.92-3.52
----
-0.030.610.63
208617.4813.92-3.55
----
-0.030.610.63
208717.5213.93-3.59
----
-0.030.610.63
208817.5613.93-3.63
----
-0.030.610.63
208917.6013.93-3.67
----
-0.030.610.63
209017.6513.94-3.71
----
-0.030.610.63
209117.7013.94-3.76
----
-0.030.610.63



 

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 2016 Trustees Report.
2016-2090 16.49% 14.44% -2.05%
2038
-0.01% 0.59% 0.61%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016