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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 $400,000 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
202314.7213.20-1.53
189
0.000.160.16
202414.9613.23-1.73
174
0.000.170.17
202515.1613.25-1.91
160
0.000.170.17
202615.3613.27-2.10
145
0.000.170.17
202715.5613.28-2.28
130
0.000.170.17
202815.7513.30-2.45
115
0.000.170.17
202915.9313.31-2.62
100
0.000.170.17
203016.0913.32-2.77
85
0.000.170.17
203116.2413.33-2.91
68
0.000.170.17
203216.3713.35-3.03
51
0.000.170.17
203316.4813.35-3.12
33
0.000.170.17
203416.5513.36-3.19
15
0.000.170.17
203516.6213.37-3.25
----
0.000.170.17
203616.6813.37-3.31
----
0.000.170.17
203716.7213.38-3.34
----
0.000.170.17
203816.7313.38-3.35
----
0.000.170.17
203916.7313.38-3.34
----
0.000.170.17
204016.7113.38-3.33
----
0.000.170.17
204116.6913.38-3.30
----
0.000.170.17
204216.6613.39-3.28
----
0.000.170.17
204316.6413.39-3.25
----
0.000.170.17
204416.6113.39-3.23
----
0.000.170.17
204516.5913.39-3.21
----
0.000.170.17
204616.5713.39-3.19
----
0.000.170.17
204716.5613.39-3.17
----
0.000.170.17
204816.5513.39-3.16
----
0.000.170.17
204916.5413.39-3.15
----
0.000.170.17
205016.5413.39-3.15
----
0.000.170.17
205116.5513.39-3.16
----
0.000.170.17
205216.5713.39-3.18
----
0.000.170.17
205316.6013.40-3.20
----
0.000.170.17
205416.6413.40-3.24
----
0.000.170.17
205516.6813.40-3.28
----
0.000.170.17
205616.7413.41-3.33
----
0.000.170.17
205716.7913.41-3.38
----
0.000.170.17
205816.8413.42-3.43
----
0.000.170.18
205916.8913.42-3.48
----
0.000.170.18
206016.9513.42-3.52
----
0.000.170.18
206117.0013.43-3.57
----
0.000.170.18
206217.0513.43-3.62
----
-0.010.170.18
206317.1013.43-3.67
----
-0.010.170.18
206417.1613.44-3.72
----
-0.010.170.18
206517.2113.44-3.77
----
-0.010.170.18
206617.2713.45-3.82
----
-0.010.170.18
206717.3313.45-3.88
----
-0.010.170.18
206817.3813.45-3.93
----
-0.010.170.18
206917.4413.46-3.98
----
-0.010.170.18
207017.5013.46-4.04
----
-0.010.170.18
207117.5513.46-4.08
----
-0.010.170.18
207217.5913.47-4.12
----
-0.010.170.18
207317.6313.47-4.16
----
-0.010.170.18
207417.6613.47-4.19
----
-0.010.170.18
207517.6813.47-4.20
----
-0.010.170.18
207617.6913.47-4.22
----
-0.010.170.18
207717.7013.48-4.22
----
-0.010.170.18
207817.7013.48-4.22
----
-0.010.170.18
207917.7013.48-4.22
----
-0.010.170.18
208017.7013.48-4.23
----
-0.010.170.18
208117.7113.48-4.23
----
-0.010.170.18
208217.7213.48-4.24
----
-0.010.170.18
208317.7413.48-4.26
----
-0.010.170.18
208417.7713.48-4.29
----
-0.010.170.18
208517.8013.48-4.32
----
-0.010.170.18
208617.8413.48-4.35
----
-0.010.170.18
208717.8813.49-4.39
----
-0.010.170.18
208817.9213.49-4.43
----
-0.010.170.18
208917.9613.49-4.47
----
-0.010.170.18
209018.0113.50-4.51
----
-0.010.170.18



 

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% 14.01% -2.53%
2034
-0.00% 0.15% 0.15%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015