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Detailed Single Year Tables

Description of Proposed Provision:
F3: Expand covered earnings to include employer and employee premiums for employer-sponsored group health insurance (ESI). Starting in 2021, phase out the OASDI payroll tax exclusion for ESI premiums. Set an exclusion level at the 75th percentile of premium distribution in 2021, with amounts above that subject to the payroll tax. Reduce the exclusion level each year by 10 percent of the 2021 exclusion level until fully eliminated in 2031. Eliminate the excise tax on ESI premiums starting in 2021.

 

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
201913.7012.95-0.75
273
0.000.000.00
202013.8512.96-0.89
259
0.000.000.00
202114.0213.14-0.87
245
0.000.150.15
202214.2613.34-0.92
231
-0.000.310.31
202314.5413.52-1.02
218
-0.000.480.48
202414.8313.73-1.10
205
0.000.640.64
202515.1013.91-1.19
192
0.000.810.81
202615.3814.11-1.26
180
0.000.980.97
202715.6214.30-1.33
168
0.011.151.14
202815.8714.49-1.38
157
0.011.321.31
202916.0914.68-1.41
147
0.021.501.48
203016.2914.87-1.43
138
0.031.671.64
203116.4914.90-1.59
129
0.041.691.65
203216.6614.92-1.74
119
0.051.701.65
203316.8114.94-1.87
110
0.071.711.64
203416.9414.96-1.98
99
0.091.721.63
203517.0314.97-2.06
88
0.111.731.62
203617.1214.98-2.13
77
0.131.741.61
203717.1715.00-2.18
65
0.151.751.59
203817.2015.00-2.20
54
0.181.761.57
203917.2115.01-2.19
42
0.211.761.55
204017.2015.02-2.18
30
0.241.771.53
204117.1915.02-2.16
18
0.271.781.51
204217.1715.03-2.14
6
0.311.781.48
204317.1515.03-2.12
----
0.341.791.45
204417.1415.03-2.10
----
0.381.801.42
204517.1415.04-2.10
----
0.421.801.39
204617.1415.04-2.09
----
0.461.811.35
204717.1415.05-2.10
----
0.501.811.32
204817.1515.05-2.10
----
0.541.821.28
204917.1715.06-2.11
----
0.581.821.24
205017.1915.06-2.13
----
0.621.831.21
205117.2215.07-2.15
----
0.661.831.17
205217.2615.07-2.19
----
0.711.841.13
205317.3215.08-2.24
----
0.751.851.10
205417.3815.09-2.29
----
0.791.851.06
205517.4615.10-2.36
----
0.841.861.02
205617.5415.11-2.43
----
0.881.870.99
205717.6315.12-2.50
----
0.931.880.95
205817.7115.13-2.58
----
0.971.890.91
205917.8015.15-2.66
----
1.021.900.88
206017.8915.16-2.73
----
1.071.910.84
206117.9815.17-2.81
----
1.111.920.81
206218.0815.19-2.89
----
1.151.930.78
206318.1715.21-2.96
----
1.201.940.75
206418.2615.22-3.03
----
1.241.960.72
206518.3415.24-3.10
----
1.281.970.70
206618.4315.26-3.17
----
1.321.990.67
206718.5215.28-3.24
----
1.352.010.65
206818.6115.30-3.31
----
1.392.020.64
206918.7015.32-3.37
----
1.422.040.62
207018.7815.34-3.44
----
1.452.060.60
207118.8515.36-3.49
----
1.482.070.59
207218.9215.38-3.54
----
1.512.090.58
207318.9815.40-3.58
----
1.532.110.57
207419.0315.42-3.62
----
1.552.120.57
207519.0815.44-3.64
----
1.572.140.57
207619.1115.46-3.65
----
1.592.160.57
207719.1315.48-3.65
----
1.602.180.58
207819.1415.50-3.64
----
1.622.200.58
207919.1415.52-3.63
----
1.632.220.59
208019.1515.54-3.61
----
1.642.240.60
208119.1515.55-3.60
----
1.652.260.61
208219.1615.57-3.59
----
1.652.270.62
208319.1715.59-3.58
----
1.662.290.63
208419.2015.61-3.59
----
1.672.310.64
208519.2315.63-3.61
----
1.682.330.64
208619.2715.64-3.63
----
1.692.340.65
208719.3215.66-3.66
----
1.712.360.65
208819.3715.68-3.70
----
1.722.370.65
208919.4315.69-3.74
----
1.732.390.65
209019.4915.71-3.78
----
1.752.400.66
209119.5615.73-3.83
----
1.762.420.66
209219.6215.75-3.87
----
1.782.430.66



 

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 17.38% 15.49% -1.89%
2042
0.71% 1.65% 0.94%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017