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Detailed Single Year Tables
Taxation of Benefits

Description of Proposed Provision:
Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2016. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.

 

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
201613.9712.64-1.33
292
0.00-0.25-0.25
201713.9712.66-1.31
275
0.00-0.25-0.25
201814.0212.69-1.33
259
0.00-0.25-0.25
201914.1512.70-1.45
243
0.00-0.24-0.25
202014.3312.72-1.62
226
0.00-0.24-0.24
202114.5012.74-1.76
210
0.00-0.24-0.24
202214.7412.77-1.97
194
0.00-0.24-0.24
202315.0012.79-2.21
177
0.00-0.24-0.24
202415.2812.82-2.46
159
0.00-0.23-0.23
202515.5412.84-2.70
141
0.00-0.23-0.23
202615.7912.86-2.93
122
0.00-0.23-0.23
202716.0312.88-3.15
103
0.00-0.22-0.22
202816.2512.90-3.34
84
0.00-0.22-0.22
202916.4412.92-3.52
64
0.00-0.21-0.21
203016.6112.94-3.67
43
0.00-0.21-0.21
203116.7512.96-3.79
22
0.00-0.20-0.20
203216.8712.97-3.89
0
0.00-0.19-0.20
203316.9512.99-3.97
----
0.00-0.19-0.19
203417.0413.00-4.04
----
0.00-0.18-0.18
203517.0913.01-4.08
----
0.00-0.18-0.18
203617.1313.02-4.10
----
0.00-0.17-0.17
203717.1413.03-4.11
----
0.00-0.16-0.16
203817.1413.04-4.10
----
0.00-0.15-0.16
203917.1213.05-4.07
----
0.00-0.15-0.15
204017.0913.06-4.03
----
0.00-0.14-0.14
204117.0513.06-3.99
----
0.00-0.13-0.13
204217.0113.07-3.94
----
0.00-0.13-0.13
204316.9813.08-3.90
----
0.00-0.12-0.12
204416.9613.08-3.87
----
0.00-0.11-0.12
204516.9413.09-3.85
----
0.00-0.11-0.11
204616.9313.10-3.83
----
0.00-0.10-0.10
204716.9213.10-3.82
----
0.00-0.10-0.10
204816.9013.11-3.80
----
0.00-0.09-0.09
204916.8913.11-3.78
----
0.00-0.09-0.09
205016.8913.12-3.77
----
0.00-0.08-0.08
205116.9013.13-3.77
----
0.00-0.08-0.08
205216.9113.13-3.78
----
0.00-0.07-0.07
205316.9413.14-3.80
----
0.00-0.07-0.07
205416.9713.14-3.83
----
0.00-0.07-0.07
205517.0113.15-3.86
----
0.00-0.06-0.06
205617.0613.16-3.90
----
0.00-0.06-0.06
205717.1113.17-3.95
----
0.00-0.05-0.06
205817.1613.17-3.99
----
0.00-0.05-0.05
205917.2113.18-4.03
----
0.00-0.05-0.05
206017.2613.18-4.07
----
0.00-0.05-0.05
206117.3113.19-4.12
----
0.00-0.04-0.04
206217.3513.20-4.16
----
0.00-0.04-0.04
206317.4013.20-4.20
----
0.00-0.04-0.04
206417.4513.21-4.24
----
0.00-0.04-0.04
206517.5013.21-4.28
----
0.00-0.03-0.03
206617.5513.22-4.33
----
0.00-0.03-0.03
206717.6013.22-4.37
----
0.00-0.03-0.03
206817.6513.23-4.42
----
0.00-0.03-0.03
206917.6913.23-4.46
----
0.00-0.03-0.03
207017.7413.24-4.50
----
0.00-0.03-0.03
207117.7813.24-4.54
----
0.00-0.02-0.02
207217.8213.24-4.57
----
0.00-0.02-0.02
207317.8413.25-4.60
----
0.00-0.02-0.02
207417.8713.25-4.62
----
0.00-0.02-0.02
207517.8813.25-4.63
----
0.00-0.02-0.02
207617.8913.25-4.64
----
0.00-0.02-0.02
207717.8913.26-4.64
----
0.00-0.02-0.02
207817.8913.26-4.64
----
0.00-0.02-0.02
207917.9013.26-4.64
----
0.00-0.02-0.02
208017.9013.26-4.64
----
0.00-0.01-0.01
208117.9113.26-4.66
----
0.00-0.01-0.01
208217.9413.26-4.67
----
0.00-0.01-0.01
208317.9613.26-4.70
----
0.00-0.01-0.01
208418.0013.27-4.73
----
0.00-0.01-0.01
208518.0413.27-4.77
----
0.00-0.01-0.01
208618.0913.27-4.82
----
0.00-0.01-0.01
208718.1413.28-4.86
----
0.00-0.01-0.01
208818.1913.28-4.91
----
0.00-0.01-0.01
208918.2413.28-4.96
----
0.00-0.01-0.01



 

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 16.77% 13.77% -3.00%
2032
0.00% -0.12% -0.12%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 18, 2014