Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2013-2022). Do not provide 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
2012	13.83	12.89	-0.93	340	0.00	0.00	0.00
2013	13.95	12.97	-0.98	329	0.00	0.14	0.14
2014	13.98	13.21	-0.77	316	0.00	0.28	0.28
2015	13.97	13.36	-0.61	305	0.00	0.41	0.41
2016	13.94	13.50	-0.43	295	0.00	0.52	0.52
2017	13.91	13.64	-0.27	287	0.00	0.63	0.63
2018	13.96	13.76	-0.20	279	0.00	0.73	0.73
2019	14.13	13.86	-0.27	272	0.00	0.81	0.81
2020	14.37	13.95	-0.42	264	0.00	0.88	0.88
2021	14.65	14.06	-0.60	255	0.00	0.95	0.95
2022	14.97	14.15	-0.82	247	0.00	1.02	1.03
2023	15.29	14.17	-1.11	238	0.00	1.03	1.03
2024	15.59	14.19	-1.40	228	0.00	1.03	1.03
2025	15.88	14.21	-1.67	217	0.00	1.03	1.03
2026	16.15	14.22	-1.92	206	-0.01	1.03	1.03
2027	16.41	14.24	-2.17	194	-0.01	1.03	1.03
2028	16.63	14.25	-2.37	181	-0.01	1.03	1.04
2029	16.82	14.27	-2.56	167	-0.01	1.03	1.04
2030	17.00	14.28	-2.72	153	-0.01	1.03	1.04
2031	17.14	14.29	-2.85	139	-0.01	1.03	1.04
2032	17.24	14.30	-2.94	123	-0.01	1.03	1.04
2033	17.32	14.30	-3.02	108	-0.01	1.03	1.04
2034	17.37	14.31	-3.06	92	-0.01	1.03	1.04
2035	17.40	14.31	-3.09	75	-0.01	1.03	1.04
2036	17.41	14.31	-3.10	59	-0.01	1.03	1.05
2037	17.42	14.32	-3.10	42	-0.01	1.03	1.05
2038	17.41	14.32	-3.09	25	-0.02	1.03	1.05
2039	17.38	14.32	-3.06	8	-0.02	1.03	1.05
2040	17.34	14.32	-3.02	----	-0.02	1.03	1.05
2041	17.30	14.32	-2.99	----	-0.02	1.03	1.05
2042	17.26	14.31	-2.95	----	-0.02	1.04	1.05
2043	17.22	14.31	-2.91	----	-0.02	1.04	1.06
2044	17.19	14.31	-2.88	----	-0.02	1.04	1.06
2045	17.16	14.31	-2.85	----	-0.02	1.04	1.06
2046	17.14	14.31	-2.82	----	-0.02	1.04	1.06
2047	17.11	14.31	-2.80	----	-0.02	1.04	1.06
2048	17.09	14.31	-2.78	----	-0.03	1.04	1.06
2049	17.07	14.31	-2.75	----	-0.03	1.04	1.07
2050	17.05	14.31	-2.74	----	-0.03	1.04	1.07
2051	17.04	14.31	-2.73	----	-0.03	1.04	1.07
2052	17.04	14.32	-2.72	----	-0.03	1.04	1.07
2053	17.04	14.32	-2.72	----	-0.03	1.04	1.07
2054	17.05	14.32	-2.73	----	-0.03	1.04	1.08
2055	17.06	14.32	-2.73	----	-0.03	1.05	1.08
2056	17.07	14.33	-2.75	----	-0.03	1.05	1.08
2057	17.09	14.33	-2.76	----	-0.04	1.05	1.09
2058	17.10	14.33	-2.77	----	-0.04	1.05	1.09
2059	17.11	14.34	-2.77	----	-0.04	1.05	1.09
2060	17.12	14.34	-2.78	----	-0.04	1.05	1.09
2061	17.12	14.34	-2.78	----	-0.04	1.06	1.10
2062	17.13	14.34	-2.78	----	-0.04	1.06	1.10
2063	17.13	14.35	-2.79	----	-0.04	1.06	1.10
2064	17.14	14.35	-2.80	----	-0.04	1.06	1.10
2065	17.16	14.35	-2.81	----	-0.04	1.06	1.10
2066	17.18	14.35	-2.82	----	-0.04	1.06	1.11
2067	17.20	14.36	-2.84	----	-0.04	1.07	1.11
2068	17.22	14.36	-2.86	----	-0.04	1.07	1.11
2069	17.25	14.36	-2.89	----	-0.04	1.07	1.11
2070	17.28	14.37	-2.91	----	-0.05	1.07	1.12
2071	17.31	14.37	-2.94	----	-0.05	1.07	1.12
2072	17.33	14.37	-2.96	----	-0.05	1.07	1.12
2073	17.36	14.38	-2.98	----	-0.05	1.08	1.12
2074	17.39	14.38	-3.01	----	-0.05	1.08	1.12
2075	17.41	14.38	-3.03	----	-0.05	1.08	1.12
2076	17.44	14.39	-3.05	----	-0.05	1.08	1.13
2077	17.46	14.39	-3.07	----	-0.05	1.08	1.13
2078	17.49	14.39	-3.10	----	-0.05	1.08	1.13
2079	17.52	14.40	-3.13	----	-0.05	1.08	1.13
2080	17.56	14.40	-3.16	----	-0.05	1.08	1.13
2081	17.59	14.40	-3.19	----	-0.05	1.09	1.13
2082	17.63	14.41	-3.22	----	-0.05	1.09	1.13
2083	17.67	14.41	-3.26	----	-0.05	1.09	1.14
2084	17.71	14.41	-3.29	----	-0.05	1.09	1.14
2085	17.75	14.42	-3.33	----	-0.05	1.09	1.14
2086	17.79	14.42	-3.36	----	-0.05	1.09	1.14
2087	17.82	14.43	-3.40	----	-0.05	1.09	1.14

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086	16.66%	14.98%	-1.68%	2039	-0.02%	0.96%	0.98%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


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Detailed Single Year Tables

Description of Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2013-2022). Do not provide benefit credit for additional earnings taxed.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2013-2022). Do not provide benefit credit for additional earnings taxed.