Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in 2014-2016. Provide benefit credit for earnings up to the revised taxable maximum levels.

			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	12.88	-1.15	315	0.00	0.05	0.05
2015	13.97	12.96	-1.00	301	0.00	0.10	0.10
2016	13.91	13.03	-0.88	287	0.00	0.15	0.15
2017	13.88	13.05	-0.83	273	0.00	0.15	0.15
2018	13.91	13.08	-0.83	260	0.00	0.15	0.15
2019	14.06	13.10	-0.96	248	0.00	0.15	0.15
2020	14.26	13.12	-1.14	236	0.00	0.15	0.15
2021	14.45	13.14	-1.31	224	0.00	0.15	0.14
2022	14.71	13.17	-1.54	210	0.00	0.15	0.14
2023	14.97	13.19	-1.78	196	0.00	0.15	0.14
2024	15.23	13.20	-2.03	182	0.00	0.15	0.14
2025	15.48	13.22	-2.26	167	0.01	0.15	0.14
2026	15.72	13.23	-2.48	152	0.01	0.15	0.14
2027	15.94	13.24	-2.69	136	0.01	0.15	0.14
2028	16.15	13.26	-2.89	119	0.01	0.15	0.14
2029	16.34	13.27	-3.07	102	0.01	0.15	0.14
2030	16.51	13.28	-3.23	84	0.01	0.15	0.13
2031	16.65	13.29	-3.36	66	0.01	0.15	0.13
2032	16.77	13.30	-3.47	47	0.02	0.15	0.13
2033	16.87	13.30	-3.57	27	0.02	0.15	0.13
2034	16.95	13.31	-3.64	6	0.02	0.15	0.13
2035	17.00	13.31	-3.69	----	0.02	0.15	0.13
2036	17.03	13.32	-3.71	----	0.02	0.15	0.13
2037	17.05	13.32	-3.73	----	0.02	0.15	0.13
2038	17.04	13.32	-3.72	----	0.02	0.15	0.13
2039	17.02	13.32	-3.70	----	0.03	0.15	0.12
2040	16.99	13.32	-3.67	----	0.03	0.15	0.12
2041	16.96	13.32	-3.64	----	0.03	0.15	0.12
2042	16.92	13.32	-3.60	----	0.03	0.15	0.12
2043	16.90	13.32	-3.58	----	0.03	0.15	0.12
2044	16.88	13.32	-3.56	----	0.03	0.15	0.12
2045	16.86	13.32	-3.54	----	0.04	0.15	0.12
2046	16.86	13.32	-3.54	----	0.04	0.15	0.11
2047	16.85	13.32	-3.53	----	0.04	0.15	0.11
2048	16.83	13.32	-3.51	----	0.04	0.15	0.11
2049	16.83	13.32	-3.51	----	0.04	0.15	0.11
2050	16.83	13.32	-3.51	----	0.04	0.15	0.11
2051	16.84	13.32	-3.51	----	0.05	0.15	0.11
2052	16.86	13.33	-3.53	----	0.05	0.15	0.10
2053	16.89	13.33	-3.56	----	0.05	0.15	0.10
2054	16.92	13.33	-3.59	----	0.05	0.15	0.10
2055	16.96	13.33	-3.63	----	0.05	0.15	0.10
2056	17.01	13.34	-3.68	----	0.06	0.15	0.10
2057	17.06	13.34	-3.72	----	0.06	0.15	0.10
2058	17.11	13.34	-3.77	----	0.06	0.15	0.10
2059	17.16	13.35	-3.81	----	0.06	0.15	0.09
2060	17.20	13.35	-3.85	----	0.06	0.15	0.09
2061	17.25	13.35	-3.90	----	0.06	0.16	0.09
2062	17.29	13.36	-3.94	----	0.07	0.16	0.09
2063	17.34	13.36	-3.98	----	0.07	0.16	0.09
2064	17.38	13.36	-4.02	----	0.07	0.16	0.09
2065	17.43	13.36	-4.06	----	0.07	0.16	0.09
2066	17.47	13.37	-4.11	----	0.07	0.16	0.09
2067	17.52	13.37	-4.15	----	0.07	0.16	0.09
2068	17.57	13.37	-4.19	----	0.07	0.16	0.08
2069	17.61	13.38	-4.24	----	0.07	0.16	0.08
2070	17.66	13.38	-4.28	----	0.07	0.16	0.08
2071	17.70	13.38	-4.32	----	0.07	0.16	0.08
2072	17.73	13.38	-4.35	----	0.07	0.16	0.08
2073	17.76	13.38	-4.37	----	0.08	0.16	0.08
2074	17.78	13.39	-4.39	----	0.08	0.16	0.08
2075	17.80	13.39	-4.41	----	0.08	0.16	0.08
2076	17.81	13.39	-4.42	----	0.08	0.16	0.08
2077	17.81	13.39	-4.42	----	0.08	0.16	0.08
2078	17.82	13.39	-4.43	----	0.08	0.16	0.08
2079	17.83	13.39	-4.44	----	0.08	0.16	0.08
2080	17.84	13.39	-4.45	----	0.08	0.16	0.08
2081	17.85	13.39	-4.46	----	0.08	0.16	0.08
2082	17.88	13.39	-4.49	----	0.08	0.16	0.08
2083	17.91	13.39	-4.52	----	0.08	0.16	0.08
2084	17.95	13.40	-4.55	----	0.08	0.16	0.08
2085	17.99	13.40	-4.59	----	0.08	0.16	0.08
2086	18.04	13.40	-4.64	----	0.08	0.16	0.08
2087	18.09	13.40	-4.69	----	0.08	0.16	0.08
2088	18.14	13.41	-4.74	----	0.08	0.16	0.08

				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	16.63%	14.03%	-2.61%	2034	0.04%	0.15%	0.11%

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 from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in 2014-2016. Provide benefit credit for earnings up to the revised taxable maximum levels.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in 2014-2016. Provide benefit credit for earnings up to the revised taxable maximum levels.