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Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2024. Do not provide benefit credit for additional earnings taxed.

 

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
201713.7212.92-0.80
293
0.000.000.00
201813.8612.96-0.90
277
0.000.000.00
201913.9912.97-1.02
262
0.000.000.00
202014.1312.98-1.15
246
0.000.000.00
202114.2713.00-1.27
231
0.000.000.00
202214.4913.03-1.46
216
0.000.000.00
202314.7613.06-1.70
200
0.000.000.00
202415.0213.36-1.67
183
0.000.270.27
202515.2813.39-1.90
167
0.000.280.28
202615.4713.40-2.07
152
0.000.280.28
202715.6513.42-2.23
137
0.000.280.28
202815.8113.43-2.38
122
0.000.280.28
202915.9713.45-2.52
106
0.000.280.28
203016.1013.46-2.64
91
0.000.280.28
203116.2213.47-2.75
75
0.000.280.28
203216.3313.48-2.85
59
0.000.280.28
203316.4113.48-2.92
43
0.000.280.28
203416.4613.49-2.97
25
0.000.280.28
203516.4913.49-3.00
8
0.000.280.28
203616.5513.50-3.06
----
0.000.280.28
203716.6013.50-3.09
----
0.000.280.28
203816.6113.51-3.10
----
0.000.280.28
203916.6113.51-3.10
----
0.000.280.28
204016.5913.51-3.08
----
0.000.280.28
204116.5613.51-3.05
----
0.000.280.28
204216.5313.51-3.02
----
0.000.280.28
204316.5013.51-2.99
----
0.000.280.28
204416.4613.51-2.96
----
0.000.280.28
204516.4513.51-2.94
----
0.000.280.28
204616.4213.51-2.91
----
0.000.280.28
204716.4013.51-2.89
----
0.000.280.28
204816.3813.51-2.87
----
0.000.280.28
204916.3613.51-2.86
----
0.000.280.28
205016.3513.51-2.84
----
0.000.280.28
205116.3513.51-2.84
----
0.000.280.28
205216.3713.51-2.85
----
-0.010.280.28
205316.3913.52-2.87
----
-0.010.280.28
205416.4213.52-2.90
----
-0.010.280.28
205516.4613.52-2.94
----
-0.010.280.28
205616.5013.52-2.98
----
-0.010.280.28
205716.5513.53-3.02
----
-0.010.280.28
205816.6013.53-3.07
----
-0.010.280.29
205916.6513.54-3.11
----
-0.010.280.29
206016.7013.54-3.16
----
-0.010.280.29
206116.7513.54-3.21
----
-0.010.280.29
206216.8013.55-3.25
----
-0.010.280.29
206316.8513.55-3.30
----
-0.010.280.29
206416.9013.55-3.34
----
-0.010.280.29
206516.9513.56-3.39
----
-0.010.280.29
206617.0013.56-3.44
----
-0.010.280.29
206717.0513.57-3.49
----
-0.010.280.29
206817.1013.57-3.53
----
-0.010.280.29
206917.1613.57-3.58
----
-0.010.280.29
207017.2113.58-3.63
----
-0.010.280.29
207117.2513.58-3.67
----
-0.010.280.29
207217.2913.58-3.71
----
-0.010.280.29
207317.3313.59-3.74
----
-0.010.280.29
207417.3613.59-3.77
----
-0.010.280.29
207517.3813.59-3.79
----
-0.010.280.29
207617.3913.59-3.80
----
-0.010.280.29
207717.4013.59-3.81
----
-0.010.280.29
207817.4013.59-3.81
----
-0.010.280.29
207917.3913.59-3.80
----
-0.010.280.29
208017.3913.59-3.80
----
-0.010.280.29
208117.3913.59-3.80
----
-0.010.280.29
208217.4013.59-3.80
----
-0.010.280.29
208317.4113.59-3.81
----
-0.010.280.29
208417.4313.60-3.83
----
-0.010.280.29
208517.4613.60-3.86
----
-0.010.280.29
208617.4913.60-3.89
----
-0.010.280.29
208717.5313.60-3.93
----
-0.010.280.29
208817.5713.60-3.97
----
-0.010.280.29
208917.6213.61-4.01
----
-0.010.280.29
209017.6713.61-4.05
----
-0.010.280.29
209117.7113.61-4.10
----
-0.010.280.29



 

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 16.50% 14.09% -2.41%
2035
-0.00% 0.24% 0.25%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016