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 2015-2017. Provide benefit credit for earnings up to the revised taxable maximum.

			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	12.97	-1.00	306	0.00	0.05	0.05
2016	13.97	12.99	-0.98	292	0.00	0.10	0.10
2017	13.97	13.06	-0.91	278	0.00	0.15	0.15
2018	14.02	13.08	-0.93	264	0.00	0.15	0.15
2019	14.15	13.10	-1.05	251	0.00	0.15	0.15
2020	14.33	13.11	-1.22	237	0.00	0.15	0.15
2021	14.50	13.13	-1.37	223	0.00	0.15	0.15
2022	14.74	13.16	-1.58	209	0.00	0.15	0.15
2023	15.01	13.18	-1.82	194	0.00	0.15	0.15
2024	15.28	13.20	-2.08	179	0.00	0.15	0.15
2025	15.55	13.22	-2.33	162	0.00	0.15	0.15
2026	15.80	13.24	-2.56	146	0.01	0.15	0.15
2027	16.03	13.26	-2.78	129	0.01	0.15	0.14
2028	16.25	13.27	-2.98	112	0.01	0.15	0.14
2029	16.45	13.29	-3.16	94	0.01	0.15	0.14
2030	16.62	13.30	-3.32	76	0.01	0.15	0.14
2031	16.76	13.31	-3.45	57	0.01	0.15	0.14
2032	16.88	13.32	-3.56	37	0.01	0.15	0.14
2033	16.97	13.33	-3.64	17	0.02	0.15	0.14
2034	17.05	13.33	-3.72	----	0.02	0.15	0.13
2035	17.11	13.34	-3.77	----	0.02	0.15	0.13
2036	17.15	13.34	-3.80	----	0.02	0.15	0.13
2037	17.16	13.35	-3.82	----	0.02	0.15	0.13
2038	17.16	13.35	-3.81	----	0.02	0.15	0.13
2039	17.14	13.35	-3.79	----	0.02	0.15	0.13
2040	17.11	13.35	-3.76	----	0.03	0.15	0.13
2041	17.08	13.35	-3.73	----	0.03	0.15	0.13
2042	17.04	13.35	-3.69	----	0.03	0.15	0.12
2043	17.01	13.35	-3.66	----	0.03	0.15	0.12
2044	16.99	13.35	-3.64	----	0.03	0.15	0.12
2045	16.98	13.35	-3.62	----	0.03	0.15	0.12
2046	16.96	13.35	-3.61	----	0.04	0.15	0.12
2047	16.95	13.35	-3.60	----	0.04	0.15	0.12
2048	16.94	13.36	-3.59	----	0.04	0.16	0.11
2049	16.93	13.36	-3.58	----	0.04	0.15	0.11
2050	16.93	13.36	-3.58	----	0.04	0.15	0.11
2051	16.94	13.36	-3.58	----	0.05	0.16	0.11
2052	16.96	13.36	-3.60	----	0.05	0.16	0.11
2053	16.99	13.36	-3.62	----	0.05	0.16	0.11
2054	17.02	13.37	-3.66	----	0.05	0.16	0.10
2055	17.07	13.37	-3.70	----	0.05	0.16	0.10
2056	17.12	13.37	-3.74	----	0.06	0.16	0.10
2057	17.17	13.38	-3.79	----	0.06	0.16	0.10
2058	17.22	13.38	-3.84	----	0.06	0.16	0.10
2059	17.27	13.38	-3.89	----	0.06	0.16	0.10
2060	17.32	13.39	-3.93	----	0.06	0.16	0.10
2061	17.37	13.39	-3.98	----	0.06	0.16	0.09
2062	17.42	13.39	-4.02	----	0.07	0.16	0.09
2063	17.47	13.40	-4.07	----	0.07	0.16	0.09
2064	17.52	13.40	-4.11	----	0.07	0.16	0.09
2065	17.57	13.40	-4.16	----	0.07	0.16	0.09
2066	17.62	13.41	-4.21	----	0.07	0.16	0.09
2067	17.67	13.41	-4.26	----	0.07	0.16	0.09
2068	17.72	13.41	-4.30	----	0.07	0.16	0.09
2069	17.77	13.42	-4.35	----	0.07	0.16	0.09
2070	17.81	13.42	-4.39	----	0.07	0.16	0.08
2071	17.86	13.42	-4.43	----	0.08	0.16	0.08
2072	17.89	13.43	-4.47	----	0.08	0.16	0.08
2073	17.92	13.43	-4.49	----	0.08	0.16	0.08
2074	17.94	13.43	-4.51	----	0.08	0.16	0.08
2075	17.96	13.43	-4.53	----	0.08	0.16	0.08
2076	17.97	13.43	-4.54	----	0.08	0.16	0.08
2077	17.97	13.43	-4.54	----	0.08	0.16	0.08
2078	17.97	13.43	-4.54	----	0.08	0.16	0.08
2079	17.97	13.43	-4.54	----	0.08	0.16	0.08
2080	17.98	13.43	-4.55	----	0.08	0.16	0.08
2081	17.99	13.43	-4.56	----	0.08	0.16	0.08
2082	18.02	13.44	-4.58	----	0.08	0.16	0.08
2083	18.04	13.44	-4.61	----	0.08	0.16	0.08
2084	18.08	13.44	-4.64	----	0.08	0.16	0.08
2085	18.12	13.44	-4.68	----	0.08	0.16	0.08
2086	18.17	13.44	-4.72	----	0.08	0.16	0.08
2087	18.22	13.45	-4.77	----	0.08	0.16	0.08
2088	18.27	13.45	-4.82	----	0.08	0.16	0.08
2089	18.32	13.45	-4.87	----	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 2014 Trustees Report.
2014-2088	16.81%	14.04%	-2.77%	2033	0.04%	0.15%	0.11%

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


	Privacy Policy \| Website Policies & Other Important Information \| Site Map Last reviewed or modified September 18, 2014

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 2015-2017. Provide benefit credit for earnings up to the revised taxable maximum.

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 2015-2017. Provide benefit credit for earnings up to the revised taxable maximum.