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Detailed Single Year Tables

Description of Proposed Provision:
E3.3: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2023). 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

Cost
rate
Income
rate
Annual
balance
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8613.20-0.66
277
0.000.240.24
201913.9913.43-0.56
263
0.000.460.46
202014.1313.62-0.51
251
0.000.640.64
202114.2713.80-0.47
240
0.000.800.80
202214.4913.97-0.52
230
0.000.930.93
202314.7614.11-0.65
219
0.001.061.05
202415.0314.14-0.89
209
0.011.051.04
202515.2914.14-1.16
197
0.011.031.02
202615.4814.15-1.33
186
0.011.031.01
202715.6714.17-1.50
175
0.021.031.01
202815.8414.19-1.65
164
0.021.031.01
202916.0014.20-1.80
153
0.031.031.00
203016.1414.21-1.93
142
0.041.030.99
203116.2714.22-2.04
131
0.041.030.99
203216.3814.23-2.15
119
0.051.030.98
203316.4714.24-2.23
107
0.061.040.98
203416.5314.25-2.28
95
0.071.040.97
203516.5714.25-2.32
82
0.081.040.96
203616.6414.26-2.38
69
0.091.040.95
203716.6914.27-2.43
56
0.091.040.95
203816.7214.27-2.44
42
0.101.040.94
203916.7214.28-2.45
28
0.111.040.93
204016.7114.28-2.43
14
0.121.050.92
204116.6914.28-2.41
----
0.131.050.92
204216.6714.28-2.39
----
0.141.050.91
204316.6514.28-2.37
----
0.151.050.90
204416.6314.28-2.35
----
0.161.050.89
204516.6214.28-2.34
----
0.171.050.88
204616.6114.29-2.32
----
0.181.050.87
204716.5914.29-2.31
----
0.191.060.86
204816.5914.29-2.30
----
0.201.060.85
204916.5814.29-2.29
----
0.211.060.85
205016.5814.29-2.29
----
0.221.060.84
205116.5914.30-2.30
----
0.231.060.83
205216.6214.30-2.32
----
0.251.060.82
205316.6514.30-2.35
----
0.261.070.81
205416.6914.31-2.38
----
0.271.070.80
205516.7414.31-2.43
----
0.281.070.79
205616.8014.32-2.48
----
0.291.070.78
205716.8614.32-2.54
----
0.301.070.77
205816.9214.33-2.59
----
0.311.080.76
205916.9814.34-2.65
----
0.321.080.75
206017.0414.34-2.70
----
0.341.080.74
206117.1014.35-2.76
----
0.351.080.73
206217.1614.35-2.81
----
0.361.080.73
206317.2214.36-2.87
----
0.371.080.72
206417.2814.36-2.92
----
0.381.090.71
206517.3414.37-2.97
----
0.381.090.70
206617.4014.37-3.03
----
0.391.090.70
206717.4614.38-3.08
----
0.401.090.69
206817.5214.38-3.14
----
0.411.090.69
206917.5814.39-3.19
----
0.411.090.68
207017.6414.39-3.24
----
0.421.100.68
207117.6914.40-3.29
----
0.431.100.67
207217.7414.40-3.33
----
0.431.100.67
207317.7814.41-3.37
----
0.441.100.66
207417.8114.41-3.40
----
0.441.100.66
207517.8414.41-3.43
----
0.451.100.66
207617.8514.41-3.44
----
0.451.100.65
207717.8614.42-3.45
----
0.451.100.65
207817.8614.42-3.45
----
0.451.110.65
207917.8614.42-3.44
----
0.461.110.65
208017.8614.42-3.44
----
0.461.110.65
208117.8614.42-3.44
----
0.461.110.65
208217.8714.42-3.45
----
0.461.110.65
208317.8814.42-3.46
----
0.461.110.65
208417.9014.42-3.48
----
0.461.110.65
208517.9314.43-3.51
----
0.471.110.65
208617.9714.43-3.54
----
0.471.110.64
208718.0114.43-3.58
----
0.471.110.64
208818.0614.44-3.62
----
0.471.110.64
208918.1014.44-3.66
----
0.471.110.64
209018.1514.44-3.71
----
0.471.110.64
209118.2014.45-3.75
----
0.481.120.64



 

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 2016 Trustees Report.
2016-2090 16.72% 14.85% -1.88%
2040
0.22% 1.00% 0.78%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016