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Detailed Single Year Tables

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2020-2039, until the rate reaches 14.4 percent in 2039 and later.

 

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

Cost
rate
Income
rate
Annual
balance
201413.9512.67-1.29
320
0.000.000.00
201513.9712.92-1.05
306
0.000.000.00
201613.9712.89-1.08
292
0.000.000.00
201713.9712.91-1.06
277
0.000.000.00
201814.0212.93-1.08
262
0.000.000.00
201914.1512.95-1.20
248
0.000.000.00
202014.3313.05-1.28
233
0.000.090.09
202114.5013.17-1.33
219
0.000.190.19
202214.7413.29-1.44
205
0.000.280.28
202315.0013.41-1.59
191
0.000.380.38
202415.2813.52-1.75
177
0.000.470.47
202515.5413.64-1.90
163
0.000.570.57
202615.7913.75-2.04
149
0.000.660.66
202716.0213.86-2.16
136
0.000.760.76
202816.2413.97-2.27
122
0.000.850.85
202916.4314.08-2.35
109
0.000.950.95
203016.6014.19-2.41
95
0.001.041.05
203116.7414.29-2.45
82
0.001.141.14
203216.8614.40-2.46
68
0.001.231.24
203316.9514.50-2.45
54
0.001.331.33
203417.0314.60-2.43
41
-0.011.421.43
203517.0814.70-2.38
27
-0.011.521.52
203617.1214.80-2.32
14
-0.011.611.62
203717.1414.90-2.24
1
-0.011.701.71
203817.1314.99-2.13
----
-0.011.801.81
203917.1115.09-2.02
----
-0.011.891.90
204017.0815.10-1.98
----
-0.011.901.91
204117.0415.10-1.94
----
-0.011.901.91
204217.0015.10-1.90
----
-0.011.901.91
204316.9715.10-1.87
----
-0.011.901.91
204416.9415.10-1.85
----
-0.011.901.91
204516.9315.10-1.83
----
-0.021.901.91
204616.9115.10-1.81
----
-0.021.901.92
204716.9015.10-1.80
----
-0.021.901.92
204816.8815.10-1.78
----
-0.021.901.92
204916.8715.10-1.77
----
-0.021.901.92
205016.8715.10-1.77
----
-0.021.901.92
205116.8715.10-1.77
----
-0.021.901.92
205216.8915.11-1.78
----
-0.031.901.93
205316.9115.11-1.80
----
-0.031.901.93
205416.9415.11-1.83
----
-0.031.901.93
205516.9815.11-1.87
----
-0.031.901.93
205617.0315.12-1.91
----
-0.031.901.93
205717.0815.12-1.95
----
-0.031.901.94
205817.1215.13-2.00
----
-0.041.901.94
205917.1715.13-2.04
----
-0.041.901.94
206017.2215.13-2.09
----
-0.041.901.94
206117.2615.14-2.13
----
-0.041.901.95
206217.3115.14-2.17
----
-0.041.901.95
206317.3615.14-2.21
----
-0.051.901.95
206417.4015.15-2.25
----
-0.051.901.95
206517.4515.15-2.30
----
-0.051.901.95
206617.5015.15-2.34
----
-0.051.911.96
206717.5415.16-2.39
----
-0.051.911.96
206817.5915.16-2.43
----
-0.051.911.96
206917.6415.16-2.47
----
-0.061.911.96
207017.6815.17-2.51
----
-0.061.911.96
207117.7215.17-2.55
----
-0.061.911.97
207217.7615.17-2.58
----
-0.061.911.97
207317.7815.18-2.61
----
-0.061.911.97
207417.8015.18-2.63
----
-0.061.911.97
207517.8215.18-2.64
----
-0.061.911.97
207617.8315.18-2.65
----
-0.061.911.97
207717.8315.18-2.65
----
-0.061.911.97
207817.8315.18-2.65
----
-0.071.911.98
207917.8315.18-2.65
----
-0.071.911.98
208017.8315.18-2.65
----
-0.071.911.98
208117.8515.19-2.66
----
-0.071.911.98
208217.8715.19-2.68
----
-0.071.911.98
208317.9015.19-2.71
----
-0.071.911.98
208417.9315.19-2.74
----
-0.071.911.98
208517.9715.19-2.78
----
-0.071.911.98
208618.0215.20-2.82
----
-0.071.911.99
208718.0715.20-2.87
----
-0.071.921.99
208818.1215.21-2.91
----
-0.071.921.99
208918.1715.21-2.96
----
-0.071.921.99



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2014 Trustees Report.
2014-2088 16.75% 15.28% -1.46%
2037
-0.02% 1.39% 1.42%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 18, 2014