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 2016-2018. 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
2015	14.13	12.82	-1.31	308	0.00	0.00	0.00
2016	13.88	12.93	-0.95	298	0.00	0.05	0.05
2017	13.89	13.02	-0.88	281	0.00	0.11	0.11
2018	13.97	13.09	-0.88	265	0.00	0.15	0.15
2019	14.09	13.11	-0.98	250	0.00	0.16	0.16
2020	14.23	13.12	-1.11	236	0.00	0.16	0.16
2021	14.35	13.14	-1.21	223	0.00	0.15	0.15
2022	14.52	13.17	-1.35	209	0.00	0.16	0.16
2023	14.73	13.18	-1.54	194	0.00	0.15	0.15
2024	14.96	13.21	-1.74	180	0.00	0.15	0.15
2025	15.17	13.23	-1.93	165	0.00	0.15	0.15
2026	15.37	13.25	-2.12	150	0.00	0.15	0.15
2027	15.56	13.27	-2.30	135	0.01	0.15	0.15
2028	15.76	13.28	-2.48	120	0.01	0.15	0.14
2029	15.94	13.29	-2.64	105	0.01	0.15	0.15
2030	16.10	13.31	-2.80	89	0.01	0.15	0.14
2031	16.25	13.32	-2.94	73	0.01	0.15	0.14
2032	16.39	13.33	-3.06	55	0.01	0.15	0.14
2033	16.49	13.34	-3.15	38	0.01	0.15	0.14
2034	16.57	13.35	-3.22	19	0.02	0.15	0.14
2035	16.64	13.35	-3.29	1	0.02	0.15	0.14
2036	16.70	13.36	-3.34	----	0.02	0.16	0.14
2037	16.74	13.36	-3.37	----	0.02	0.15	0.13
2038	16.75	13.37	-3.39	----	0.02	0.15	0.13
2039	16.75	13.37	-3.38	----	0.02	0.15	0.13
2040	16.74	13.37	-3.37	----	0.02	0.16	0.13
2041	16.71	13.37	-3.34	----	0.03	0.16	0.13
2042	16.69	13.37	-3.32	----	0.03	0.16	0.13
2043	16.67	13.37	-3.30	----	0.03	0.16	0.13
2044	16.65	13.37	-3.27	----	0.03	0.16	0.13
2045	16.63	13.37	-3.26	----	0.03	0.16	0.12
2046	16.61	13.37	-3.24	----	0.03	0.16	0.12
2047	16.60	13.37	-3.22	----	0.04	0.16	0.12
2048	16.59	13.38	-3.21	----	0.04	0.16	0.12
2049	16.58	13.38	-3.20	----	0.04	0.16	0.12
2050	16.58	13.38	-3.20	----	0.04	0.16	0.12
2051	16.60	13.38	-3.22	----	0.04	0.16	0.11
2052	16.62	13.38	-3.24	----	0.05	0.16	0.11
2053	16.65	13.39	-3.27	----	0.05	0.16	0.11
2054	16.69	13.39	-3.30	----	0.05	0.16	0.11
2055	16.74	13.39	-3.35	----	0.05	0.16	0.11
2056	16.79	13.40	-3.40	----	0.05	0.16	0.11
2057	16.85	13.40	-3.45	----	0.06	0.16	0.10
2058	16.90	13.41	-3.50	----	0.06	0.16	0.10
2059	16.96	13.41	-3.55	----	0.06	0.16	0.10
2060	17.01	13.41	-3.60	----	0.06	0.16	0.10
2061	17.07	13.42	-3.65	----	0.06	0.16	0.10
2062	17.12	13.42	-3.70	----	0.06	0.16	0.10
2063	17.18	13.42	-3.75	----	0.07	0.16	0.10
2064	17.23	13.43	-3.80	----	0.07	0.16	0.09
2065	17.29	13.43	-3.85	----	0.07	0.16	0.09
2066	17.34	13.44	-3.91	----	0.07	0.16	0.09
2067	17.40	13.44	-3.96	----	0.07	0.16	0.09
2068	17.46	13.44	-4.02	----	0.07	0.16	0.09
2069	17.52	13.45	-4.07	----	0.07	0.16	0.09
2070	17.58	13.45	-4.13	----	0.07	0.16	0.09
2071	17.63	13.45	-4.17	----	0.08	0.16	0.09
2072	17.67	13.46	-4.22	----	0.08	0.16	0.09
2073	17.71	13.46	-4.25	----	0.08	0.16	0.09
2074	17.74	13.46	-4.28	----	0.08	0.16	0.08
2075	17.76	13.46	-4.30	----	0.08	0.16	0.08
2076	17.78	13.47	-4.31	----	0.08	0.16	0.08
2077	17.78	13.47	-4.32	----	0.08	0.16	0.08
2078	17.79	13.47	-4.32	----	0.08	0.16	0.08
2079	17.79	13.47	-4.32	----	0.08	0.16	0.08
2080	17.79	13.47	-4.32	----	0.08	0.16	0.08
2081	17.79	13.47	-4.33	----	0.08	0.16	0.08
2082	17.81	13.47	-4.34	----	0.08	0.16	0.08
2083	17.83	13.47	-4.36	----	0.08	0.16	0.08
2084	17.86	13.47	-4.39	----	0.08	0.16	0.08
2085	17.89	13.47	-4.42	----	0.08	0.16	0.08
2086	17.93	13.47	-4.45	----	0.08	0.16	0.08
2087	17.97	13.48	-4.49	----	0.08	0.16	0.08
2088	18.01	13.48	-4.53	----	0.08	0.16	0.08
2089	18.05	13.48	-4.57	----	0.08	0.16	0.08
2090	18.10	13.49	-4.61	----	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 2015 Trustees Report.
2015-2089	16.58%	14.02%	-2.57%	2035	0.04%	0.15%	0.12%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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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 2016-2018. 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 2016-2018. Provide benefit credit for earnings up to the revised taxable maximum.