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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 2015-2024). 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

Cost
rate
Income
rate
Annual
balance
201413.9512.67-1.29
320
0.000.000.00
201513.9713.06-0.91
306
0.000.140.14
201613.9713.17-0.80
293
0.000.280.28
201713.9713.32-0.65
280
0.000.410.41
201814.0213.46-0.56
268
0.000.520.52
201914.1513.57-0.58
257
0.000.620.62
202014.3313.67-0.66
246
0.000.710.71
202114.5013.78-0.72
236
0.000.790.80
202214.7313.88-0.85
226
0.000.870.88
202315.0013.98-1.02
215
0.000.950.95
202415.2714.07-1.20
204
0.001.021.02
202515.5414.09-1.45
194
0.001.021.03
202615.7914.11-1.68
182
0.001.021.03
202716.0214.13-1.89
171
0.001.031.03
202816.2414.15-2.09
159
-0.011.031.03
202916.4314.16-2.27
146
-0.011.031.03
203016.6014.17-2.42
134
-0.011.031.03
203116.7414.18-2.56
120
-0.011.031.03
203216.8614.19-2.66
106
-0.011.031.03
203316.9414.20-2.74
91
-0.011.031.04
203417.0314.21-2.82
76
-0.011.031.04
203517.0814.21-2.87
61
-0.011.031.04
203617.1114.22-2.90
45
-0.011.031.04
203717.1314.22-2.91
29
-0.011.031.04
203817.1314.22-2.90
13
-0.011.031.04
203917.1014.23-2.88
----
-0.011.031.04
204017.0714.23-2.85
----
-0.011.031.04
204117.0314.23-2.81
----
-0.021.031.04
204217.0014.23-2.77
----
-0.021.031.04
204316.9614.23-2.74
----
-0.021.031.05
204416.9414.23-2.71
----
-0.021.031.05
204516.9214.23-2.69
----
-0.021.031.05
204616.9114.23-2.68
----
-0.021.031.05
204716.8914.23-2.67
----
-0.021.031.05
204816.8814.23-2.65
----
-0.021.031.05
204916.8714.23-2.64
----
-0.021.031.06
205016.8614.23-2.63
----
-0.031.031.06
205116.8714.24-2.63
----
-0.031.031.06
205216.8814.24-2.65
----
-0.031.031.06
205316.9114.24-2.67
----
-0.031.031.06
205416.9414.24-2.70
----
-0.031.031.06
205516.9814.25-2.73
----
-0.031.031.07
205617.0314.25-2.78
----
-0.031.031.07
205717.0814.26-2.82
----
-0.031.041.07
205817.1314.26-2.87
----
-0.031.041.07
205917.1714.26-2.91
----
-0.041.041.07
206017.2214.27-2.95
----
-0.041.041.07
206117.2714.27-3.00
----
-0.041.041.08
206217.3114.28-3.04
----
-0.041.041.08
206317.3614.28-3.08
----
-0.041.041.08
206417.4114.28-3.12
----
-0.041.041.08
206517.4514.29-3.17
----
-0.041.041.08
206617.5014.29-3.21
----
-0.041.041.08
206717.5514.29-3.26
----
-0.041.041.09
206817.6014.30-3.30
----
-0.041.041.09
206917.6514.30-3.35
----
-0.041.041.09
207017.6914.31-3.39
----
-0.041.041.09
207117.7414.31-3.43
----
-0.051.041.09
207217.7714.31-3.46
----
-0.051.051.09
207317.8014.31-3.48
----
-0.051.051.09
207417.8214.32-3.50
----
-0.051.051.09
207517.8314.32-3.52
----
-0.051.051.10
207617.8414.32-3.52
----
-0.051.051.10
207717.8514.32-3.52
----
-0.051.051.10
207817.8514.32-3.52
----
-0.051.051.10
207917.8514.32-3.52
----
-0.051.051.10
208017.8514.32-3.53
----
-0.051.051.10
208117.8714.33-3.54
----
-0.051.051.10
208217.8914.33-3.56
----
-0.051.051.10
208317.9214.33-3.59
----
-0.051.051.10
208417.9514.33-3.62
----
-0.051.051.10
208517.9914.34-3.66
----
-0.051.061.10
208618.0414.34-3.70
----
-0.051.061.10
208718.0914.34-3.75
----
-0.051.061.10
208818.1414.35-3.80
----
-0.051.061.11
208918.1914.35-3.84
----
-0.051.061.11



 

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% 14.84% -1.91%
2038
-0.02% 0.95% 0.97%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 18, 2014