Detailed Single Year Tables

Payroll Taxes (including maximum taxable)

Description of Proposed Provision:
Make 90% of the earnings subject to the payroll tax (phased in 2010-2019). In addition, apply a tax rate of 6.2 percent for earnings above the revised taxable maximum, phased in from 2010-2019. This additional tax rate would be paid by employers on wages of their employees, and by self-employed workers on their earnings. Benefit computations for workers would only reflect earnings below the revised taxable maximum.

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	13.10	0.60	360
2011	12.37	13.35	0.97	368
2012	12.24	13.53	1.29	374
2013	12.38	13.75	1.37	378
2014	12.62	13.93	1.31	381
2015	12.88	14.11	1.23	383
2016	13.18	14.27	1.09	386
2017	13.50	14.42	0.91	387
2018	13.84	14.55	0.72	388
2019	14.18	14.68	0.50	387
2020	14.51	14.71	0.19	385
2021	14.83	14.73	-0.10	383
2022	15.12	14.75	-0.37	379
2023	15.40	14.77	-0.63	375
2024	15.66	14.79	-0.88	370
2025	15.91	14.80	-1.10	364
2026	16.13	14.82	-1.31	357
2027	16.34	14.84	-1.50	350
2028	16.54	14.85	-1.68	341
2029	16.70	14.87	-1.83	333
2030	16.84	14.88	-1.96	323
2031	16.97	14.89	-2.07	314
2032	17.07	14.91	-2.16	304
2033	17.14	14.92	-2.23	295
2034	17.20	14.92	-2.27	285
2035	17.23	14.93	-2.30	275
2036	17.25	14.94	-2.31	265
2037	17.26	14.94	-2.31	255
2038	17.24	14.95	-2.29	245
2039	17.21	14.95	-2.26	236
2040	17.17	14.95	-2.21	226
2041	17.12	14.95	-2.17	217
2042	17.08	14.96	-2.12	208
2043	17.03	14.96	-2.08	198
2044	17.00	14.96	-2.04	189
2045	16.97	14.96	-2.01	180
2046	16.94	14.96	-1.98	171
2047	16.93	14.97	-1.96	162
2048	16.91	14.97	-1.94	153
2049	16.88	14.97	-1.91	144
2050	16.87	14.97	-1.90	134
2051	16.87	14.98	-1.89	125
2052	16.87	14.98	-1.89	116
2053	16.88	14.98	-1.90	106
2054	16.90	14.99	-1.91	96
2055	16.92	14.99	-1.93	86
2056	16.95	15.00	-1.95	76
2057	16.98	15.00	-1.98	65
2058	17.01	15.01	-2.01	55
2059	17.04	15.01	-2.03	44
2060	17.07	15.02	-2.05	32
2061	17.10	15.02	-2.08	21
2062	17.13	15.02	-2.10	9
2063	17.16	15.03	-2.13	----
2064	17.19	15.03	-2.16	----
2065	17.23	15.04	-2.19	----
2066	17.27	15.04	-2.22	----
2067	17.31	15.05	-2.26	----
2068	17.35	15.05	-2.30	----
2069	17.39	15.06	-2.34	----
2070	17.44	15.06	-2.38	----
2071	17.48	15.07	-2.42	----
2072	17.53	15.07	-2.46	----
2073	17.58	15.07	-2.50	----
2074	17.63	15.08	-2.55	----
2075	17.68	15.08	-2.59	----
2076	17.73	15.09	-2.64	----
2077	17.78	15.09	-2.68	----
2078	17.83	15.10	-2.73	----
2079	17.88	15.10	-2.78	----
2080	17.94	15.11	-2.83	----
2081	17.99	15.11	-2.88	----
2082	18.05	15.12	-2.93	----
2083	18.10	15.12	-2.98	----
2084	18.16	15.13	-3.03	----

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	16.20%	15.57%	-0.63%	1.37%


	Privacy Policy \| Website Policies & Other Important Information \| Site Map Last reviewed or modified June 11, 2010