Detailed Single Year Tables

Taxation of Benefits	Description of Proposed Provision: Starting in 2012, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2012-2031.

			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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2011	13.35	12.52	-0.82	353	0.00	0.00	0.00
2012	13.23	12.97	-0.26	347	0.00	0.10	0.10
2013	13.18	12.99	-0.19	341	0.00	0.12	0.12
2014	13.18	13.07	-0.12	336	0.00	0.15	0.15
2015	13.24	13.11	-0.13	330	0.00	0.17	0.17
2016	13.33	13.17	-0.16	325	0.00	0.20	0.20
2017	13.46	13.22	-0.24	319	0.00	0.22	0.22
2018	13.62	13.27	-0.34	312	0.00	0.25	0.25
2019	13.88	13.32	-0.56	304	0.00	0.27	0.27
2020	14.20	13.36	-0.84	294	0.00	0.30	0.30
2021	14.52	13.40	-1.12	284	0.00	0.32	0.32
2022	14.83	13.44	-1.39	273	0.00	0.34	0.34
2023	15.12	13.47	-1.65	261	0.00	0.36	0.36
2024	15.40	13.50	-1.90	248	0.00	0.37	0.37
2025	15.67	13.53	-2.14	235	0.00	0.38	0.38
2026	15.92	13.55	-2.37	221	0.00	0.38	0.39
2027	16.15	13.57	-2.58	207	0.00	0.39	0.39
2028	16.34	13.58	-2.76	191	0.00	0.39	0.39
2029	16.52	13.59	-2.93	175	0.00	0.39	0.39
2030	16.65	13.60	-3.06	159	0.00	0.38	0.39
2031	16.76	13.60	-3.16	142	0.00	0.38	0.38
2032	16.85	13.60	-3.26	124	0.00	0.37	0.37
2033	16.93	13.59	-3.34	107	0.00	0.36	0.36
2034	16.98	13.59	-3.39	88	0.00	0.35	0.35
2035	17.01	13.58	-3.43	70	0.00	0.34	0.34
2036	17.03	13.57	-3.46	51	0.00	0.33	0.33
2037	17.04	13.57	-3.47	31	0.00	0.32	0.32
2038	17.02	13.56	-3.46	12	0.00	0.31	0.31
2039	16.99	13.55	-3.44	----	0.00	0.30	0.30
2040	16.95	13.54	-3.41	----	0.00	0.29	0.29
2041	16.91	13.53	-3.38	----	0.00	0.28	0.28
2042	16.87	13.52	-3.35	----	0.00	0.27	0.28
2043	16.84	13.51	-3.33	----	0.00	0.27	0.27
2044	16.81	13.51	-3.31	----	0.00	0.26	0.26
2045	16.79	13.50	-3.29	----	0.00	0.25	0.25
2046	16.76	13.49	-3.27	----	0.00	0.25	0.25
2047	16.74	13.49	-3.25	----	0.00	0.24	0.24
2048	16.72	13.48	-3.24	----	0.00	0.24	0.24
2049	16.70	13.48	-3.22	----	0.00	0.23	0.23
2050	16.69	13.47	-3.21	----	0.00	0.23	0.23
2051	16.68	13.47	-3.21	----	0.00	0.22	0.22
2052	16.68	13.47	-3.22	----	0.00	0.22	0.22
2053	16.69	13.46	-3.23	----	0.00	0.22	0.22
2054	16.70	13.46	-3.24	----	0.00	0.21	0.21
2055	16.72	13.46	-3.26	----	0.00	0.21	0.21
2056	16.74	13.46	-3.28	----	0.00	0.21	0.21
2057	16.76	13.46	-3.30	----	0.00	0.21	0.21
2058	16.78	13.46	-3.32	----	0.00	0.20	0.20
2059	16.79	13.46	-3.34	----	0.00	0.20	0.20
2060	16.80	13.46	-3.35	----	0.00	0.20	0.20
2061	16.81	13.46	-3.36	----	0.00	0.20	0.20
2062	16.82	13.45	-3.37	----	0.00	0.19	0.19
2063	16.84	13.45	-3.38	----	0.00	0.19	0.19
2064	16.85	13.45	-3.40	----	0.00	0.19	0.19
2065	16.87	13.45	-3.41	----	0.00	0.19	0.19
2066	16.89	13.45	-3.44	----	0.00	0.19	0.19
2067	16.91	13.45	-3.46	----	0.00	0.19	0.19
2068	16.94	13.45	-3.49	----	0.00	0.18	0.18
2069	16.97	13.46	-3.51	----	0.00	0.18	0.18
2070	17.00	13.46	-3.55	----	0.00	0.18	0.18
2071	17.03	13.46	-3.58	----	0.00	0.18	0.18
2072	17.07	13.46	-3.61	----	0.00	0.18	0.18
2073	17.10	13.46	-3.64	----	0.00	0.18	0.18
2074	17.14	13.46	-3.68	----	0.00	0.18	0.18
2075	17.18	13.46	-3.71	----	0.00	0.18	0.18
2076	17.21	13.47	-3.75	----	0.00	0.18	0.18
2077	17.25	13.47	-3.78	----	0.00	0.18	0.18
2078	17.29	13.47	-3.82	----	0.00	0.18	0.18
2079	17.32	13.47	-3.85	----	0.00	0.18	0.18
2080	17.36	13.47	-3.89	----	0.00	0.18	0.18
2081	17.40	13.48	-3.92	----	0.00	0.17	0.18
2082	17.44	13.48	-3.96	----	0.00	0.17	0.17
2083	17.48	13.48	-4.00	----	0.00	0.17	0.17
2084	17.52	13.48	-4.03	----	0.00	0.17	0.17
2085	17.55	13.48	-4.07	----	0.00	0.17	0.17
2086	17.59	13.49	-4.11	----	0.00	0.17	0.17

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of exhaustion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085	16.25%	14.28%	-1.97%	2038	-0.00%	0.25%	0.25%

¹ Under present law, the year of exhaustion is 2036.


	Privacy Policy \| Website Policies & Other Important Information \| Site Map Last reviewed or modified December 21, 2011

Detailed Single Year Tables

Description of Proposed Provision: Starting in 2012, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2012-2031.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Starting in 2012, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2012-2031.