Detailed Single Year Tables

Payroll Taxes (including maximum taxable)

Description of Proposed Provision:
Beginning in 2015, apply 4 percent payroll tax rate on earnings above $400,000 in 2015, with the threshold wage-indexed after 2015. Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an AIME+ derived from annual earnings taxed only between $400,000 and $500,000 (with thresholds wage-indexed after 2015); and (2) a formula factor of 2 percent on this newly computed AIME+.

			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	12.83	-1.20	315	0.00	0.00	0.00
2015	13.97	13.17	-0.80	301	0.00	0.30	0.30
2016	13.91	13.21	-0.70	288	0.00	0.32	0.32
2017	13.88	13.23	-0.65	275	0.00	0.33	0.33
2018	13.91	13.26	-0.65	264	0.00	0.33	0.33
2019	14.06	13.28	-0.78	253	0.00	0.33	0.33
2020	14.26	13.29	-0.96	242	0.00	0.32	0.32
2021	14.44	13.31	-1.13	230	0.00	0.32	0.32
2022	14.70	13.34	-1.36	218	0.00	0.32	0.32
2023	14.97	13.36	-1.61	205	0.00	0.32	0.32
2024	15.23	13.38	-1.85	192	0.00	0.32	0.32
2025	15.47	13.39	-2.08	178	0.00	0.32	0.32
2026	15.71	13.40	-2.30	164	0.00	0.32	0.32
2027	15.93	13.42	-2.51	149	0.00	0.32	0.32
2028	16.13	13.43	-2.70	134	0.00	0.32	0.32
2029	16.32	13.44	-2.88	118	0.00	0.32	0.32
2030	16.49	13.45	-3.04	101	0.00	0.32	0.32
2031	16.63	13.46	-3.17	84	0.00	0.32	0.32
2032	16.75	13.47	-3.28	66	0.00	0.32	0.32
2033	16.85	13.48	-3.38	47	0.00	0.32	0.32
2034	16.93	13.48	-3.45	28	0.00	0.32	0.32
2035	16.98	13.49	-3.49	8	0.00	0.32	0.32
2036	17.01	13.49	-3.52	----	0.00	0.32	0.33
2037	17.02	13.49	-3.53	----	0.00	0.32	0.33
2038	17.01	13.49	-3.52	----	0.00	0.32	0.33
2039	16.99	13.49	-3.50	----	0.00	0.32	0.33
2040	16.96	13.49	-3.47	----	0.00	0.32	0.33
2041	16.92	13.49	-3.43	----	0.00	0.32	0.33
2042	16.89	13.49	-3.40	----	0.00	0.32	0.33
2043	16.86	13.49	-3.37	----	0.00	0.32	0.33
2044	16.84	13.49	-3.35	----	0.00	0.32	0.33
2045	16.82	13.49	-3.33	----	-0.01	0.32	0.33
2046	16.81	13.49	-3.32	----	-0.01	0.32	0.33
2047	16.80	13.49	-3.31	----	-0.01	0.32	0.33
2048	16.79	13.49	-3.29	----	-0.01	0.32	0.33
2049	16.78	13.49	-3.28	----	-0.01	0.32	0.33
2050	16.78	13.50	-3.28	----	-0.01	0.33	0.33
2051	16.79	13.50	-3.29	----	-0.01	0.33	0.33
2052	16.80	13.50	-3.30	----	-0.01	0.33	0.33
2053	16.83	13.50	-3.33	----	-0.01	0.33	0.33
2054	16.86	13.50	-3.36	----	-0.01	0.33	0.33
2055	16.90	13.51	-3.40	----	-0.01	0.33	0.33
2056	16.95	13.51	-3.44	----	-0.01	0.33	0.33
2057	17.00	13.51	-3.48	----	-0.01	0.33	0.33
2058	17.04	13.52	-3.53	----	-0.01	0.33	0.34
2059	17.09	13.52	-3.57	----	-0.01	0.33	0.34
2060	17.13	13.52	-3.61	----	-0.01	0.33	0.34
2061	17.18	13.53	-3.65	----	-0.01	0.33	0.34
2062	17.22	13.53	-3.69	----	-0.01	0.33	0.34
2063	17.26	13.53	-3.73	----	-0.01	0.33	0.34
2064	17.30	13.53	-3.77	----	-0.01	0.33	0.34
2065	17.35	13.54	-3.81	----	-0.01	0.33	0.34
2066	17.39	13.54	-3.85	----	-0.01	0.33	0.34
2067	17.44	13.54	-3.90	----	-0.01	0.33	0.34
2068	17.49	13.55	-3.94	----	-0.01	0.33	0.34
2069	17.53	13.55	-3.98	----	-0.01	0.33	0.34
2070	17.57	13.55	-4.02	----	-0.01	0.33	0.34
2071	17.61	13.55	-4.06	----	-0.01	0.33	0.34
2072	17.65	13.56	-4.09	----	-0.01	0.33	0.34
2073	17.67	13.56	-4.11	----	-0.01	0.33	0.34
2074	17.69	13.56	-4.13	----	-0.01	0.33	0.34
2075	17.71	13.56	-4.15	----	-0.01	0.33	0.34
2076	17.72	13.56	-4.16	----	-0.01	0.33	0.34
2077	17.73	13.56	-4.16	----	-0.01	0.33	0.34
2078	17.73	13.56	-4.17	----	-0.01	0.33	0.34
2079	17.74	13.56	-4.17	----	-0.01	0.33	0.34
2080	17.75	13.57	-4.18	----	-0.01	0.33	0.34
2081	17.77	13.57	-4.20	----	-0.01	0.33	0.34
2082	17.79	13.57	-4.22	----	-0.01	0.33	0.34
2083	17.82	13.57	-4.25	----	-0.01	0.33	0.34
2084	17.86	13.57	-4.29	----	-0.01	0.33	0.34
2085	17.91	13.58	-4.33	----	-0.01	0.33	0.34
2086	17.95	13.58	-4.37	----	-0.01	0.33	0.34
2087	18.00	13.58	-4.42	----	-0.01	0.34	0.34
2088	18.06	13.58	-4.47	----	-0.01	0.34	0.34

				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	16.59%	14.19%	-2.40%	2035	-0.00%	0.32%	0.32%

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


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates