Detailed Single Year Tables

Payroll Taxes (including maximum taxable)

Description of Proposed Provision:
Beginning in 2010, make all earnings subject to the OASDI payroll tax and give benefit credit using an PIA formula that is extended to provide less credit for those with AIMEs higher than the current-law maximum AIME level. The high end of the benefit formula, applied to 2009, would be: 15 percent of AIME between $4,482 and $8,900 ($106,800 divided by 12), plus 3 percent of AIME over $8,900.

Financial Estimates for the OASDI Trust Fund Program
	Percentage of taxable payroll			Trust fund ratio as of January 1
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1
2009	12.35	12.83	0.48	354
2010	12.50	14.89	2.39	360
2011	12.37	15.05	2.68	382
2012	12.24	15.02	2.78	401
2013	12.38	15.10	2.72	416
2014	12.63	15.15	2.53	428
2015	12.88	15.20	2.32	440
2016	13.19	15.23	2.04	449
2017	13.51	15.26	1.76	457
2018	13.84	15.30	1.45	462
2019	14.19	15.32	1.14	465
2020	14.52	15.35	0.83	467
2021	14.84	15.37	0.53	467
2022	15.13	15.39	0.26	467
2023	15.40	15.41	0.01	467
2024	15.67	15.43	-0.24	465
2025	15.91	15.45	-0.46	463
2026	16.13	15.47	-0.67	460
2027	16.34	15.48	-0.86	457
2028	16.54	15.50	-1.04	453
2029	16.70	15.51	-1.18	448
2030	16.84	15.53	-1.31	444
2031	16.96	15.54	-1.42	439
2032	17.05	15.55	-1.50	434
2033	17.13	15.56	-1.57	429
2034	17.18	15.57	-1.61	424
2035	17.21	15.58	-1.63	420
2036	17.23	15.58	-1.64	416
2037	17.23	15.59	-1.64	411
2038	17.21	15.59	-1.62	408
2039	17.17	15.60	-1.58	404
2040	17.13	15.60	-1.53	401
2041	17.08	15.60	-1.48	399
2042	17.03	15.60	-1.43	396
2043	16.98	15.60	-1.38	394
2044	16.94	15.61	-1.34	392
2045	16.91	15.61	-1.30	390
2046	16.88	15.61	-1.27	388
2047	16.86	15.61	-1.24	386
2048	16.83	15.62	-1.22	384
2049	16.81	15.62	-1.19	383
2050	16.79	15.62	-1.17	381
2051	16.78	15.62	-1.16	380
2052	16.78	15.63	-1.15	378
2053	16.78	15.63	-1.15	376
2054	16.80	15.63	-1.16	374
2055	16.81	15.64	-1.18	372
2056	16.84	15.64	-1.20	369
2057	16.86	15.65	-1.22	366
2058	16.89	15.65	-1.24	364
2059	16.91	15.66	-1.26	361
2060	16.94	15.66	-1.28	358
2061	16.96	15.66	-1.30	354
2062	16.99	15.67	-1.32	351
2063	17.02	15.67	-1.34	347
2064	17.04	15.68	-1.37	344
2065	17.08	15.68	-1.40	340
2066	17.11	15.69	-1.43	335
2067	17.15	15.69	-1.46	331
2068	17.19	15.70	-1.50	326
2069	17.23	15.70	-1.53	321
2070	17.27	15.71	-1.57	316
2071	17.32	15.71	-1.61	310
2072	17.36	15.72	-1.65	305
2073	17.41	15.72	-1.69	298
2074	17.46	15.73	-1.73	292
2075	17.51	15.73	-1.78	286
2076	17.55	15.74	-1.82	279
2077	17.60	15.74	-1.86	272
2078	17.66	15.75	-1.91	264
2079	17.71	15.75	-1.96	256
2080	17.76	15.76	-2.01	248
2081	17.82	15.76	-2.05	240
2082	17.87	15.77	-2.10	231
2083	17.92	15.77	-2.15	222
2084	17.98	15.78	-2.20	213

Summarized Rates
Years	Cost rate	Income rate	Actuarial balance	Change in actuarial balance

Estimates based on the Intermediate Assumptions of the 2009 Trustees Report
2009-2083	16.14%	16.30%	0.16%	2.17%


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