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Detailed Single Year Tables

Description of Proposed Provision:
E3.3: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2019-2024). Provide benefit credit for earnings up to the revised taxable maximum.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Current Law
  Expressed as a percentage of
current-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
current-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201713.4113.03-0.38
298
0.000.000.00
201813.4912.93-0.56
287
0.000.000.00
201913.7013.17-0.53
273
0.000.220.22
202013.8513.39-0.46
260
-0.000.430.43
202114.0213.60-0.42
249
-0.000.610.61
202214.2613.79-0.47
239
-0.000.760.76
202314.5513.94-0.60
228
0.000.890.89
202414.8314.10-0.73
218
0.001.021.01
202515.1014.13-0.98
207
0.011.021.02
202615.3814.16-1.22
196
0.011.021.01
202715.6314.17-1.46
184
0.011.021.01
202815.8714.19-1.68
172
0.021.021.01
202916.0914.21-1.88
160
0.021.021.00
203016.3014.22-2.07
147
0.031.031.00
203116.4914.24-2.25
134
0.041.030.99
203216.6514.25-2.40
121
0.051.030.98
203316.7914.26-2.54
108
0.051.030.98
203416.9114.27-2.64
93
0.061.030.97
203517.0014.27-2.72
79
0.071.030.96
203617.0714.28-2.79
64
0.081.040.96
203717.1114.29-2.82
48
0.091.040.95
203817.1214.29-2.83
33
0.101.040.94
203917.1014.29-2.81
17
0.101.040.94
204017.0714.29-2.78
1
0.111.040.93
204117.0414.29-2.75
----
0.121.040.92
204216.9914.29-2.70
----
0.131.050.91
204316.9514.29-2.66
----
0.141.050.91
204416.9114.29-2.62
----
0.151.050.90
204516.8814.29-2.59
----
0.161.050.89
204616.8514.29-2.56
----
0.171.050.88
204716.8314.29-2.54
----
0.181.050.87
204816.8114.29-2.52
----
0.191.050.86
204916.7914.29-2.50
----
0.201.060.85
205016.7814.29-2.49
----
0.211.060.84
205116.7814.29-2.49
----
0.221.060.83
205216.7914.29-2.50
----
0.241.060.83
205316.8214.30-2.52
----
0.251.060.82
205416.8514.30-2.55
----
0.261.060.81
205516.8914.30-2.59
----
0.271.070.80
205616.9414.31-2.63
----
0.281.070.79
205716.9914.31-2.68
----
0.291.070.78
205817.0514.32-2.73
----
0.311.070.77
205917.1014.32-2.78
----
0.321.070.76
206017.1614.33-2.83
----
0.331.080.75
206117.2114.33-2.88
----
0.341.080.74
206217.2714.34-2.93
----
0.351.080.73
206317.3314.34-2.99
----
0.361.080.72
206417.3914.35-3.04
----
0.371.080.71
206517.4514.35-3.09
----
0.381.090.71
206617.5114.36-3.15
----
0.391.090.70
206717.5714.36-3.20
----
0.401.090.69
206817.6314.37-3.26
----
0.401.090.69
206917.6914.37-3.31
----
0.411.090.68
207017.7514.38-3.37
----
0.421.090.68
207117.8014.38-3.41
----
0.431.100.67
207217.8414.39-3.46
----
0.431.100.67
207317.8914.39-3.49
----
0.441.100.66
207417.9214.39-3.53
----
0.441.100.66
207517.9514.40-3.55
----
0.451.100.65
207617.9714.40-3.57
----
0.451.100.65
207717.9814.40-3.58
----
0.451.100.65
207817.9814.40-3.58
----
0.461.100.65
207917.9814.40-3.57
----
0.461.110.65
208017.9714.40-3.57
----
0.461.110.65
208117.9714.41-3.56
----
0.461.110.64
208217.9714.41-3.56
----
0.461.110.64
208317.9814.41-3.57
----
0.471.110.64
208418.0014.41-3.59
----
0.471.110.64
208518.0214.41-3.61
----
0.471.110.64
208618.0514.41-3.64
----
0.471.110.64
208718.0914.42-3.67
----
0.471.110.64
208818.1314.42-3.71
----
0.471.110.64
208918.1814.42-3.75
----
0.481.110.64
209018.2314.43-3.80
----
0.481.120.64
209118.2814.43-3.85
----
0.481.120.64
209218.3214.43-3.89
----
0.481.120.63



 

Summarized Estimates

 
  Proposal
  Change from Current 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 2017 Trustees Report.
2017-2091 16.89% 14.83% -2.05%
2040
0.22% 1.00% 0.77%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017