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Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2023, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2023. 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
201514.1312.82-1.31
308
0.000.000.00
201613.8812.88-1.00
298
0.000.000.00
201713.8912.91-0.98
280
0.000.000.00
201813.9712.94-1.03
264
0.000.000.00
201914.0912.95-1.14
248
0.000.000.00
202014.2312.96-1.26
233
0.000.000.00
202114.3512.98-1.36
219
0.000.000.00
202214.5213.01-1.51
204
0.000.000.00
202314.7213.23-1.49
189
0.000.200.20
202414.9613.27-1.69
174
0.000.210.21
202515.1613.29-1.88
160
0.000.210.21
202615.3613.30-2.06
146
0.000.210.21
202715.5613.32-2.24
131
0.000.210.21
202815.7513.33-2.41
117
0.000.210.21
202915.9313.35-2.58
102
0.000.210.21
203016.0913.36-2.73
86
0.000.210.21
203116.2413.37-2.87
70
0.000.210.21
203216.3713.38-2.99
53
0.000.210.21
203316.4813.39-3.08
36
0.000.210.21
203416.5513.40-3.15
18
0.000.210.21
203516.6213.41-3.21
----
0.000.210.21
203616.6813.41-3.27
----
0.000.210.21
203716.7213.42-3.30
----
0.000.210.21
203816.7313.42-3.31
----
0.000.210.21
203916.7313.42-3.30
----
0.000.210.21
204016.7113.42-3.29
----
0.000.210.21
204116.6913.42-3.26
----
0.000.210.21
204216.6613.42-3.24
----
0.000.210.21
204316.6413.42-3.21
----
0.000.210.21
204416.6113.42-3.19
----
0.000.210.21
204516.5913.42-3.17
----
0.000.210.21
204616.5713.42-3.15
----
0.000.210.21
204716.5613.43-3.13
----
0.000.210.21
204816.5513.43-3.12
----
0.000.210.21
204916.5413.43-3.11
----
0.000.210.21
205016.5413.43-3.11
----
0.000.210.21
205116.5513.43-3.12
----
0.000.210.21
205216.5713.43-3.14
----
0.000.210.21
205316.6013.44-3.16
----
0.000.210.21
205416.6413.44-3.20
----
0.000.210.21
205516.6813.44-3.24
----
0.000.210.21
205616.7313.45-3.29
----
0.000.210.21
205716.7913.45-3.34
----
-0.010.210.21
205816.8413.45-3.39
----
-0.010.210.21
205916.8913.46-3.44
----
-0.010.210.21
206016.9513.46-3.48
----
-0.010.210.22
206117.0013.47-3.53
----
-0.010.210.22
206217.0513.47-3.58
----
-0.010.210.22
206317.1013.47-3.63
----
-0.010.210.22
206417.1613.48-3.68
----
-0.010.210.22
206517.2113.48-3.73
----
-0.010.210.22
206617.2713.48-3.78
----
-0.010.210.22
206717.3213.49-3.84
----
-0.010.210.22
206817.3813.49-3.89
----
-0.010.210.22
206917.4413.50-3.94
----
-0.010.210.22
207017.4913.50-4.00
----
-0.010.210.22
207117.5513.50-4.04
----
-0.010.210.22
207217.5913.51-4.08
----
-0.010.210.22
207317.6313.51-4.12
----
-0.010.210.22
207417.6613.51-4.15
----
-0.010.210.22
207517.6813.51-4.16
----
-0.010.210.22
207617.6913.51-4.18
----
-0.010.210.22
207717.7013.51-4.18
----
-0.010.210.22
207817.7013.51-4.18
----
-0.010.210.22
207917.7013.51-4.18
----
-0.010.210.22
208017.7013.51-4.19
----
-0.010.210.22
208117.7113.52-4.19
----
-0.010.210.22
208217.7213.52-4.20
----
-0.010.210.22
208317.7413.52-4.22
----
-0.010.210.22
208417.7713.52-4.25
----
-0.010.210.22
208517.8013.52-4.28
----
-0.010.210.22
208617.8413.52-4.31
----
-0.010.210.22
208717.8813.53-4.35
----
-0.010.210.22
208817.9213.53-4.39
----
-0.010.210.22
208917.9613.53-4.43
----
-0.010.210.22
209018.0113.53-4.47
----
-0.010.210.22



 

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 2015 Trustees Report.
2015-2089 16.54% 14.04% -2.50%
2034
-0.00% 0.18% 0.19%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015