Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2017-2022, until the rate reaches 13.0 percent for 2022 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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2014	13.95	12.67	-1.29	320	0.00	0.00	0.00
2015	13.97	12.92	-1.05	306	0.00	0.00	0.00
2016	13.97	12.89	-1.08	292	0.00	0.00	0.00
2017	13.97	13.00	-0.97	277	0.00	0.09	0.09
2018	14.02	13.12	-0.90	263	0.00	0.19	0.19
2019	14.15	13.23	-0.92	250	0.00	0.28	0.28
2020	14.33	13.34	-0.99	237	0.00	0.38	0.38
2021	14.50	13.45	-1.05	225	0.00	0.47	0.47
2022	14.74	13.58	-1.16	213	0.00	0.57	0.57
2023	15.00	13.60	-1.40	200	0.00	0.57	0.57
2024	15.27	13.62	-1.65	187	0.00	0.57	0.57
2025	15.54	13.64	-1.90	174	0.00	0.57	0.57
2026	15.79	13.66	-2.13	160	0.00	0.57	0.57
2027	16.02	13.68	-2.35	146	0.00	0.57	0.57
2028	16.24	13.69	-2.55	131	0.00	0.57	0.58
2029	16.43	13.71	-2.73	116	0.00	0.57	0.58
2030	16.60	13.72	-2.88	100	0.00	0.57	0.58
2031	16.74	13.73	-3.01	84	0.00	0.57	0.58
2032	16.86	13.74	-3.12	67	0.00	0.57	0.58
2033	16.95	13.75	-3.20	49	0.00	0.57	0.58
2034	17.03	13.75	-3.28	31	0.00	0.57	0.58
2035	17.08	13.76	-3.33	13	-0.01	0.57	0.58
2036	17.12	13.76	-3.36	----	-0.01	0.57	0.58
2037	17.14	13.77	-3.37	----	-0.01	0.57	0.58
2038	17.13	13.77	-3.36	----	-0.01	0.57	0.58
2039	17.11	13.77	-3.34	----	-0.01	0.57	0.58
2040	17.08	13.77	-3.31	----	-0.01	0.57	0.58
2041	17.04	13.77	-3.27	----	-0.01	0.57	0.58
2042	17.00	13.77	-3.23	----	-0.01	0.57	0.58
2043	16.97	13.77	-3.20	----	-0.01	0.57	0.58
2044	16.95	13.77	-3.18	----	-0.01	0.57	0.58
2045	16.93	13.77	-3.16	----	-0.01	0.57	0.58
2046	16.92	13.77	-3.15	----	-0.01	0.57	0.58
2047	16.91	13.77	-3.13	----	-0.01	0.57	0.58
2048	16.89	13.77	-3.12	----	-0.01	0.57	0.59
2049	16.88	13.77	-3.11	----	-0.01	0.57	0.59
2050	16.88	13.78	-3.10	----	-0.01	0.57	0.59
2051	16.88	13.78	-3.11	----	-0.01	0.57	0.59
2052	16.90	13.78	-3.12	----	-0.01	0.57	0.59
2053	16.92	13.78	-3.14	----	-0.01	0.57	0.59
2054	16.96	13.78	-3.17	----	-0.02	0.57	0.59
2055	17.00	13.79	-3.21	----	-0.02	0.57	0.59
2056	17.04	13.79	-3.25	----	-0.02	0.57	0.59
2057	17.09	13.79	-3.30	----	-0.02	0.57	0.59
2058	17.14	13.80	-3.34	----	-0.02	0.57	0.59
2059	17.19	13.80	-3.39	----	-0.02	0.57	0.59
2060	17.24	13.80	-3.43	----	-0.02	0.57	0.59
2061	17.29	13.81	-3.48	----	-0.02	0.57	0.59
2062	17.33	13.81	-3.52	----	-0.02	0.57	0.60
2063	17.38	13.81	-3.57	----	-0.02	0.57	0.60
2064	17.43	13.82	-3.61	----	-0.02	0.57	0.60
2065	17.47	13.82	-3.65	----	-0.02	0.57	0.60
2066	17.52	13.82	-3.70	----	-0.02	0.57	0.60
2067	17.57	13.83	-3.75	----	-0.02	0.58	0.60
2068	17.62	13.83	-3.79	----	-0.02	0.58	0.60
2069	17.67	13.83	-3.84	----	-0.02	0.58	0.60
2070	17.72	13.84	-3.88	----	-0.02	0.58	0.60
2071	17.76	13.84	-3.92	----	-0.02	0.58	0.60
2072	17.79	13.84	-3.95	----	-0.02	0.58	0.60
2073	17.82	13.84	-3.98	----	-0.02	0.58	0.60
2074	17.84	13.85	-4.00	----	-0.02	0.58	0.60
2075	17.86	13.85	-4.01	----	-0.02	0.58	0.60
2076	17.87	13.85	-4.02	----	-0.02	0.58	0.60
2077	17.87	13.85	-4.02	----	-0.03	0.58	0.60
2078	17.87	13.85	-4.02	----	-0.03	0.58	0.60
2079	17.87	13.85	-4.02	----	-0.03	0.58	0.60
2080	17.88	13.85	-4.03	----	-0.03	0.58	0.60
2081	17.89	13.85	-4.04	----	-0.03	0.58	0.60
2082	17.91	13.85	-4.06	----	-0.03	0.58	0.60
2083	17.94	13.85	-4.09	----	-0.03	0.58	0.60
2084	17.98	13.86	-4.12	----	-0.03	0.58	0.60
2085	18.02	13.86	-4.16	----	-0.03	0.58	0.60
2086	18.06	13.86	-4.20	----	-0.03	0.58	0.60
2087	18.11	13.86	-4.25	----	-0.03	0.58	0.60
2088	18.17	13.87	-4.30	----	-0.03	0.58	0.60
2089	18.22	13.87	-4.35	----	-0.03	0.58	0.60

				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 2014 Trustees Report.
2014-2088	16.76%	14.41%	-2.35%	2035	-0.01%	0.52%	0.53%

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 payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2017-2022, until the rate reaches 13.0 percent for 2022 and later.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2017-2022, until the rate reaches 13.0 percent for 2022 and later.