Description of Proposed Provision:
F6: Apply a 6.2 percent tax on investment income as defined in the Affordable Care Act (ACA), with unindexed thresholds as in the ACA ($200,000 for single filer, $250,000 for married filing jointly), starting in 2019. Proceeds go to the OASDI Trust Fund.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2017 | 13.41 | 13.03 | -0.38 | 298 | 0.00 | 0.00 | 0.00 | ||
| 2018 | 13.49 | 12.93 | -0.56 | 287 | 0.00 | 0.00 | 0.00 | ||
| 2019 | 13.70 | 13.68 | -0.02 | 273 | 0.00 | 0.73 | 0.73 | ||
| 2020 | 13.85 | 13.70 | -0.15 | 264 | -0.00 | 0.74 | 0.74 | ||
| 2021 | 14.01 | 13.74 | -0.28 | 255 | -0.00 | 0.75 | 0.75 | ||
| 2022 | 14.25 | 13.78 | -0.48 | 245 | -0.00 | 0.76 | 0.76 | ||
| 2023 | 14.54 | 13.81 | -0.73 | 234 | -0.00 | 0.76 | 0.77 | ||
| 2024 | 14.82 | 13.86 | -0.97 | 223 | -0.00 | 0.77 | 0.77 | ||
| 2025 | 15.10 | 13.89 | -1.21 | 211 | -0.00 | 0.78 | 0.78 | ||
| 2026 | 15.37 | 13.93 | -1.44 | 198 | -0.00 | 0.79 | 0.79 | ||
| 2027 | 15.62 | 13.95 | -1.66 | 185 | -0.00 | 0.80 | 0.80 | ||
| 2028 | 15.85 | 13.97 | -1.88 | 171 | -0.00 | 0.81 | 0.81 | ||
| 2029 | 16.06 | 14.00 | -2.07 | 158 | -0.00 | 0.82 | 0.82 | ||
| 2030 | 16.26 | 14.02 | -2.24 | 144 | -0.00 | 0.83 | 0.83 | ||
| 2031 | 16.45 | 14.04 | -2.40 | 131 | -0.00 | 0.83 | 0.84 | ||
| 2032 | 16.60 | 14.06 | -2.54 | 117 | -0.00 | 0.84 | 0.84 | ||
| 2033 | 16.74 | 14.08 | -2.66 | 102 | -0.00 | 0.85 | 0.85 | ||
| 2034 | 16.85 | 14.09 | -2.75 | 87 | -0.00 | 0.86 | 0.86 | ||
| 2035 | 16.93 | 14.11 | -2.82 | 72 | -0.00 | 0.87 | 0.87 | ||
| 2036 | 16.99 | 14.12 | -2.87 | 56 | -0.00 | 0.88 | 0.88 | ||
| 2037 | 17.02 | 14.13 | -2.89 | 40 | -0.00 | 0.88 | 0.89 | ||
| 2038 | 17.02 | 14.14 | -2.88 | 24 | -0.00 | 0.89 | 0.90 | ||
| 2039 | 17.00 | 14.15 | -2.84 | 7 | -0.00 | 0.90 | 0.90 | ||
| 2040 | 16.96 | 14.16 | -2.80 | ---- | -0.00 | 0.91 | 0.91 | ||
| 2041 | 16.91 | 14.16 | -2.75 | ---- | -0.00 | 0.92 | 0.92 | ||
| 2042 | 16.86 | 14.17 | -2.69 | ---- | -0.00 | 0.93 | 0.93 | ||
| 2043 | 16.80 | 14.18 | -2.63 | ---- | -0.00 | 0.94 | 0.94 | ||
| 2044 | 16.76 | 14.18 | -2.58 | ---- | -0.00 | 0.94 | 0.95 | ||
| 2045 | 16.72 | 14.19 | -2.53 | ---- | -0.00 | 0.95 | 0.95 | ||
| 2046 | 16.68 | 14.19 | -2.48 | ---- | -0.00 | 0.96 | 0.96 | ||
| 2047 | 16.64 | 14.20 | -2.44 | ---- | -0.00 | 0.97 | 0.97 | ||
| 2048 | 16.61 | 14.21 | -2.41 | ---- | -0.00 | 0.97 | 0.98 | ||
| 2049 | 16.59 | 14.21 | -2.37 | ---- | -0.00 | 0.98 | 0.98 | ||
| 2050 | 16.57 | 14.22 | -2.35 | ---- | -0.00 | 0.99 | 0.99 | ||
| 2051 | 16.55 | 14.23 | -2.33 | ---- | -0.00 | 0.99 | 1.00 | ||
| 2052 | 16.56 | 14.23 | -2.32 | ---- | -0.00 | 1.00 | 1.00 | ||
| 2053 | 16.57 | 14.24 | -2.33 | ---- | -0.00 | 1.01 | 1.01 | ||
| 2054 | 16.59 | 14.25 | -2.34 | ---- | -0.00 | 1.01 | 1.01 | ||
| 2055 | 16.62 | 14.25 | -2.36 | ---- | -0.00 | 1.02 | 1.02 | ||
| 2056 | 16.65 | 14.26 | -2.39 | ---- | -0.00 | 1.02 | 1.02 | ||
| 2057 | 16.70 | 14.27 | -2.42 | ---- | -0.00 | 1.03 | 1.03 | ||
| 2058 | 16.74 | 14.28 | -2.46 | ---- | -0.00 | 1.03 | 1.04 | ||
| 2059 | 16.78 | 14.29 | -2.49 | ---- | -0.00 | 1.04 | 1.04 | ||
| 2060 | 16.83 | 14.30 | -2.53 | ---- | -0.00 | 1.04 | 1.05 | ||
| 2061 | 16.87 | 14.31 | -2.57 | ---- | -0.00 | 1.05 | 1.05 | ||
| 2062 | 16.92 | 14.31 | -2.61 | ---- | -0.00 | 1.05 | 1.06 | ||
| 2063 | 16.97 | 14.32 | -2.65 | ---- | -0.00 | 1.06 | 1.06 | ||
| 2064 | 17.02 | 14.33 | -2.69 | ---- | -0.00 | 1.06 | 1.07 | ||
| 2065 | 17.06 | 14.34 | -2.73 | ---- | -0.00 | 1.07 | 1.07 | ||
| 2066 | 17.12 | 14.35 | -2.77 | ---- | -0.00 | 1.07 | 1.07 | ||
| 2067 | 17.17 | 14.35 | -2.81 | ---- | -0.00 | 1.08 | 1.08 | ||
| 2068 | 17.22 | 14.36 | -2.86 | ---- | -0.00 | 1.08 | 1.08 | ||
| 2069 | 17.27 | 14.37 | -2.90 | ---- | -0.00 | 1.09 | 1.09 | ||
| 2070 | 17.32 | 14.38 | -2.95 | ---- | -0.00 | 1.09 | 1.09 | ||
| 2071 | 17.37 | 14.38 | -2.99 | ---- | -0.00 | 1.09 | 1.10 | ||
| 2072 | 17.41 | 14.39 | -3.02 | ---- | -0.00 | 1.10 | 1.10 | ||
| 2073 | 17.45 | 14.39 | -3.05 | ---- | -0.00 | 1.10 | 1.10 | ||
| 2074 | 17.48 | 14.40 | -3.08 | ---- | -0.00 | 1.11 | 1.11 | ||
| 2075 | 17.50 | 14.41 | -3.10 | ---- | -0.00 | 1.11 | 1.11 | ||
| 2076 | 17.52 | 14.41 | -3.11 | ---- | -0.00 | 1.11 | 1.11 | ||
| 2077 | 17.52 | 14.42 | -3.11 | ---- | -0.00 | 1.12 | 1.12 | ||
| 2078 | 17.52 | 14.42 | -3.10 | ---- | -0.00 | 1.12 | 1.12 | ||
| 2079 | 17.52 | 14.42 | -3.09 | ---- | -0.00 | 1.12 | 1.13 | ||
| 2080 | 17.51 | 14.43 | -3.08 | ---- | -0.00 | 1.13 | 1.13 | ||
| 2081 | 17.50 | 14.43 | -3.08 | ---- | -0.00 | 1.13 | 1.13 | ||
| 2082 | 17.50 | 14.43 | -3.07 | ---- | -0.00 | 1.13 | 1.14 | ||
| 2083 | 17.51 | 14.44 | -3.08 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2084 | 17.53 | 14.44 | -3.09 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2085 | 17.55 | 14.44 | -3.11 | ---- | -0.00 | 1.14 | 1.15 | ||
| 2086 | 17.58 | 14.45 | -3.13 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2087 | 17.61 | 14.45 | -3.16 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2088 | 17.66 | 14.46 | -3.20 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2089 | 17.70 | 14.46 | -3.24 | ---- | -0.00 | 1.15 | 1.16 | ||
| 2090 | 17.75 | 14.47 | -3.28 | ---- | -0.00 | 1.16 | 1.16 | ||
| 2091 | 17.79 | 14.47 | -3.32 | ---- | -0.00 | 1.16 | 1.16 | ||
| 2092 | 17.84 | 14.48 | -3.36 | ---- | -0.00 | 1.16 | 1.16 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2017-2091 | 16.66% | 14.78% | -1.89% | 2039 | -0.00% | 0.94% | 0.94% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2017 Trustees Report.