Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional benefit credit for additional earnings taxed.

			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	12.87	-0.36	347	0.00	0.00	0.00
2013	13.18	12.87	-0.31	341	0.00	0.00	0.00
2014	13.18	12.92	-0.27	334	0.00	0.00	0.00
2015	13.24	12.94	-0.30	328	0.00	0.00	0.00
2016	13.33	12.97	-0.36	321	0.00	0.00	0.00
2017	13.46	13.00	-0.46	314	0.00	0.00	0.00
2018	13.62	13.03	-0.59	306	0.00	0.00	0.00
2019	13.88	13.20	-0.68	296	0.00	0.15	0.15
2020	14.20	13.22	-0.98	285	0.00	0.16	0.16
2021	14.52	13.24	-1.28	274	0.00	0.16	0.16
2022	14.83	13.25	-1.57	262	0.00	0.16	0.16
2023	15.13	13.27	-1.85	249	0.00	0.16	0.15
2024	15.41	13.29	-2.12	235	0.00	0.16	0.15
2025	15.68	13.30	-2.37	220	0.00	0.16	0.15
2026	15.93	13.32	-2.61	205	0.00	0.16	0.15
2027	16.15	13.33	-2.82	189	0.00	0.16	0.15
2028	16.35	13.35	-3.00	172	0.00	0.16	0.15
2029	16.52	13.36	-3.16	155	0.01	0.16	0.15
2030	16.66	13.37	-3.29	137	0.01	0.16	0.15
2031	16.77	13.38	-3.39	119	0.01	0.16	0.15
2032	16.86	13.39	-3.48	100	0.01	0.16	0.15
2033	16.94	13.39	-3.55	80	0.01	0.16	0.15
2034	16.99	13.40	-3.60	60	0.01	0.16	0.15
2035	17.03	13.40	-3.63	40	0.01	0.16	0.14
2036	17.05	13.40	-3.64	20	0.02	0.16	0.14
2037	17.06	13.41	-3.65	----	0.02	0.16	0.14
2038	17.04	13.41	-3.63	----	0.02	0.16	0.14
2039	17.01	13.41	-3.60	----	0.02	0.16	0.14
2040	16.98	13.41	-3.57	----	0.02	0.16	0.14
2041	16.94	13.41	-3.53	----	0.02	0.16	0.14
2042	16.90	13.41	-3.49	----	0.02	0.16	0.14
2043	16.87	13.41	-3.46	----	0.03	0.16	0.13
2044	16.84	13.41	-3.43	----	0.03	0.16	0.13
2045	16.82	13.41	-3.41	----	0.03	0.16	0.13
2046	16.79	13.41	-3.38	----	0.03	0.16	0.13
2047	16.77	13.41	-3.37	----	0.03	0.16	0.13
2048	16.76	13.41	-3.35	----	0.04	0.16	0.13
2049	16.74	13.41	-3.33	----	0.04	0.16	0.13
2050	16.73	13.41	-3.32	----	0.04	0.16	0.12
2051	16.72	13.41	-3.31	----	0.04	0.16	0.12
2052	16.72	13.41	-3.31	----	0.04	0.16	0.12
2053	16.73	13.41	-3.32	----	0.05	0.16	0.12
2054	16.75	13.41	-3.34	----	0.05	0.17	0.12
2055	16.77	13.42	-3.35	----	0.05	0.17	0.12
2056	16.79	13.42	-3.38	----	0.05	0.17	0.11
2057	16.82	13.42	-3.40	----	0.05	0.17	0.11
2058	16.84	13.42	-3.41	----	0.06	0.17	0.11
2059	16.85	13.42	-3.43	----	0.06	0.17	0.11
2060	16.86	13.43	-3.44	----	0.06	0.17	0.11
2061	16.87	13.43	-3.45	----	0.06	0.17	0.11
2062	16.89	13.43	-3.46	----	0.06	0.17	0.11
2063	16.90	13.43	-3.47	----	0.06	0.17	0.10
2064	16.92	13.43	-3.48	----	0.07	0.17	0.10
2065	16.93	13.43	-3.50	----	0.07	0.17	0.10
2066	16.96	13.44	-3.52	----	0.07	0.17	0.10
2067	16.98	13.44	-3.54	----	0.07	0.17	0.10
2068	17.01	13.44	-3.57	----	0.07	0.17	0.10
2069	17.04	13.44	-3.60	----	0.07	0.17	0.10
2070	17.07	13.45	-3.63	----	0.07	0.17	0.10
2071	17.11	13.45	-3.66	----	0.07	0.17	0.10
2072	17.14	13.45	-3.69	----	0.07	0.17	0.10
2073	17.18	13.45	-3.73	----	0.08	0.17	0.10
2074	17.22	13.46	-3.76	----	0.08	0.17	0.10
2075	17.26	13.46	-3.80	----	0.08	0.17	0.10
2076	17.29	13.46	-3.83	----	0.08	0.17	0.09
2077	17.33	13.46	-3.86	----	0.08	0.17	0.09
2078	17.37	13.47	-3.90	----	0.08	0.17	0.09
2079	17.40	13.47	-3.93	----	0.08	0.17	0.09
2080	17.44	13.47	-3.97	----	0.08	0.17	0.09
2081	17.48	13.47	-4.01	----	0.08	0.17	0.09
2082	17.52	13.48	-4.04	----	0.08	0.17	0.09
2083	17.56	13.48	-4.08	----	0.08	0.17	0.09
2084	17.60	13.48	-4.12	----	0.08	0.17	0.09
2085	17.64	13.49	-4.15	----	0.08	0.17	0.09
2086	17.67	13.49	-4.19	----	0.08	0.17	0.09

				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	16.28%	14.16%	-2.11%	2036	0.03%	0.14%	0.11%

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


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Detailed Single Year Tables

Description of Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional benefit credit for additional earnings taxed.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional benefit credit for additional earnings taxed.