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 2014-2023). 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
2013	13.95	12.69	-1.26	330	0.00	0.00	0.00
2014	14.04	12.97	-1.06	315	0.00	0.14	0.14
2015	13.97	13.14	-0.82	302	0.00	0.28	0.28
2016	13.91	13.30	-0.61	288	0.00	0.41	0.41
2017	13.88	13.43	-0.45	277	0.00	0.53	0.53
2018	13.91	13.56	-0.35	267	0.00	0.63	0.63
2019	14.06	13.67	-0.39	258	0.00	0.72	0.72
2020	14.26	13.77	-0.49	249	0.00	0.80	0.80
2021	14.44	13.87	-0.58	241	0.00	0.87	0.87
2022	14.70	13.97	-0.73	232	0.00	0.95	0.95
2023	14.97	14.06	-0.91	223	0.00	1.02	1.02
2024	15.22	14.08	-1.14	214	0.00	1.02	1.03
2025	15.47	14.10	-1.38	204	0.00	1.02	1.03
2026	15.70	14.11	-1.60	194	0.00	1.02	1.03
2027	15.92	14.12	-1.80	184	-0.01	1.03	1.03
2028	16.13	14.14	-1.99	173	-0.01	1.03	1.03
2029	16.32	14.15	-2.17	161	-0.01	1.03	1.03
2030	16.49	14.16	-2.33	149	-0.01	1.03	1.04
2031	16.62	14.17	-2.46	136	-0.01	1.03	1.04
2032	16.74	14.18	-2.56	123	-0.01	1.03	1.04
2033	16.85	14.19	-2.66	109	-0.01	1.03	1.04
2034	16.92	14.19	-2.73	94	-0.01	1.03	1.04
2035	16.97	14.19	-2.78	79	-0.01	1.03	1.04
2036	17.00	14.20	-2.80	64	-0.01	1.03	1.04
2037	17.01	14.20	-2.81	49	-0.01	1.03	1.04
2038	17.00	14.20	-2.80	33	-0.01	1.03	1.04
2039	16.98	14.20	-2.78	17	-0.01	1.03	1.05
2040	16.95	14.20	-2.75	2	-0.02	1.03	1.05
2041	16.91	14.20	-2.71	----	-0.02	1.03	1.05
2042	16.88	14.20	-2.67	----	-0.02	1.03	1.05
2043	16.85	14.20	-2.64	----	-0.02	1.03	1.05
2044	16.82	14.20	-2.62	----	-0.02	1.03	1.05
2045	16.81	14.20	-2.60	----	-0.02	1.03	1.05
2046	16.80	14.20	-2.59	----	-0.02	1.03	1.06
2047	16.78	14.20	-2.58	----	-0.02	1.03	1.06
2048	16.77	14.20	-2.56	----	-0.02	1.03	1.06
2049	16.76	14.21	-2.55	----	-0.03	1.04	1.06
2050	16.76	14.21	-2.55	----	-0.03	1.04	1.06
2051	16.76	14.21	-2.56	----	-0.03	1.04	1.06
2052	16.78	14.21	-2.57	----	-0.03	1.04	1.07
2053	16.81	14.21	-2.59	----	-0.03	1.04	1.07
2054	16.84	14.22	-2.62	----	-0.03	1.04	1.07
2055	16.88	14.22	-2.66	----	-0.03	1.04	1.07
2056	16.92	14.22	-2.70	----	-0.03	1.04	1.07
2057	16.97	14.23	-2.74	----	-0.03	1.04	1.07
2058	17.01	14.23	-2.78	----	-0.04	1.04	1.08
2059	17.06	14.23	-2.83	----	-0.04	1.04	1.08
2060	17.10	14.24	-2.87	----	-0.04	1.04	1.08
2061	17.15	14.24	-2.91	----	-0.04	1.04	1.08
2062	17.19	14.24	-2.94	----	-0.04	1.04	1.08
2063	17.23	14.25	-2.98	----	-0.04	1.04	1.08
2064	17.27	14.25	-3.02	----	-0.04	1.04	1.09
2065	17.31	14.25	-3.06	----	-0.04	1.04	1.09
2066	17.36	14.26	-3.10	----	-0.04	1.05	1.09
2067	17.41	14.26	-3.15	----	-0.04	1.05	1.09
2068	17.45	14.26	-3.19	----	-0.04	1.05	1.09
2069	17.50	14.27	-3.23	----	-0.04	1.05	1.09
2070	17.54	14.27	-3.27	----	-0.05	1.05	1.09
2071	17.58	14.27	-3.31	----	-0.05	1.05	1.09
2072	17.61	14.28	-3.33	----	-0.05	1.05	1.10
2073	17.64	14.28	-3.36	----	-0.05	1.05	1.10
2074	17.66	14.28	-3.38	----	-0.05	1.05	1.10
2075	17.67	14.28	-3.39	----	-0.05	1.05	1.10
2076	17.68	14.28	-3.40	----	-0.05	1.05	1.10
2077	17.69	14.28	-3.40	----	-0.05	1.05	1.10
2078	17.69	14.29	-3.41	----	-0.05	1.05	1.10
2079	17.70	14.29	-3.41	----	-0.05	1.06	1.10
2080	17.71	14.29	-3.42	----	-0.05	1.06	1.10
2081	17.73	14.29	-3.44	----	-0.05	1.06	1.10
2082	17.75	14.29	-3.46	----	-0.05	1.06	1.10
2083	17.79	14.29	-3.49	----	-0.05	1.06	1.11
2084	17.82	14.30	-3.53	----	-0.05	1.06	1.11
2085	17.87	14.30	-3.57	----	-0.05	1.06	1.11
2086	17.91	14.30	-3.61	----	-0.05	1.06	1.11
2087	17.97	14.31	-3.66	----	-0.05	1.06	1.11
2088	18.02	14.31	-3.71	----	-0.05	1.06	1.11

				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 2013 Trustees Report.
2013-2087	16.57%	14.83%	-1.74%	2040	-0.02%	0.95%	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 2014-2023). 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 2014-2023). Do not provide benefit credit for additional earnings taxed.