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Table III.A2. - Comparison of Estimated Income Rates and Cost Rates 1/ for OASDI and HI by Alternative, Calendar Years 1996-2070
[As a percentage of taxable payroll 1/]
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OASDI HI Combined
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Calendar Income Cost Bal- Income Cost Bal- Income Cost Bal-
year rate rate ance rate rate ance rate rate ance
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Intermediate:
1996...... 12.63 11.64 0.98 3.02 3.54 -0.52 15.64 15.18 0.46
1997...... 12.63 11.69 .94 3.02 3.68 -.67 15.65 15.38 .27
1998...... 12.63 11.72 .92 3.02 3.83 -.81 15.65 15.55 .11
1999...... 12.64 11.77 .87 3.02 3.97 -.95 15.66 15.74 -.08
2000...... 12.65 11.84 .81 3.02 4.10 -1.07 15.67 15.93 -.26
2001...... 12.65 11.89 .76 3.03 4.21 -1.19 15.68 16.10 -.43
2002...... 12.66 11.93 .72 3.03 4.31 -1.29 15.68 16.25 -.57
2003...... 12.66 11.97 .69 3.03 4.41 -1.38 15.69 16.38 -.69
2004...... 12.67 12.03 .64 3.03 4.50 -1.47 15.70 16.53 -.83
2005...... 12.67 12.07 .61 3.03 4.59 -1.56 15.71 16.66 -.95
2010...... 12.74 12.46 .29 3.07 5.07 -2.01 15.81 17.53 -1.72
2015...... 12.84 13.50 -.66 3.12 5.78 -2.66 15.96 19.27 -3.32
2020...... 12.94 14.95 -2.02 3.17 6.67 -3.49 16.11 21.62 -5.51
2025...... 13.03 16.20 -3.17 3.22 7.58 -4.35 16.25 23.78 -7.53
2030...... 13.10 17.08 -3.98 3.27 8.52 -5.25 16.37 25.60 -9.23
2035...... 13.15 17.38 -4.23 3.29 9.25 -5.95 16.45 26.62 -10.18
2040...... 13.17 17.29 -4.12 3.31 9.74 -6.43 16.48 27.03 -10.55
2045...... 13.19 17.31 -4.12 3.32 10.08 -6.76 16.51 27.39 -10.88
2050...... 13.21 17.51 -4.30 3.33 10.34 -7.01 16.55 27.85 -11.31
2055...... 13.25 17.92 -4.67 3.35 10.58 -7.23 16.60 28.50 -11.90
2060...... 13.28 18.31 -5.03 3.37 10.90 -7.53 16.65 29.21 -12.56
2065...... 13.30 18.59 -5.29 3.38 11.32 -7.94 16.69 29.92 -13.23
2070...... 13.32 18.83 -5.51 3.40 11.78 -8.38 16.72 30.61 -13.89
Low Cost:
1996...... 12.62 11.52 1.10 3.01 3.51 -.50 15.64 15.03 .61
1997...... 12.62 11.36 1.26 3.01 3.59 -.58 15.64 14.96 .68
1998...... 12.62 11.20 1.42 3.01 3.67 -.66 15.64 14.88 .76
1999...... 12.63 11.06 1.56 3.01 3.74 -.73 15.64 14.80 .84
2000...... 12.61 10.94 1.67 3.01 3.80 -.78 15.63 14.74 .89
2001...... 12.63 10.85 1.78 3.01 3.85 -.83 15.64 14.70 .95
2002...... 12.63 10.76 1.88 3.02 3.88 -.87 15.65 14.64 1.01
2003...... 12.64 10.69 1.94 3.02 3.92 -.90 15.65 14.61 1.04
2004...... 12.64 10.63 2.01 3.02 3.95 -.93 15.66 14.58 1.08
2005...... 12.64 10.58 2.06 3.02 3.96 -.95 15.66 14.54 1.12
2010...... 12.70 10.79 1.91 3.05 4.08 -1.03 15.75 14.87 .87
2015...... 12.78 11.67 1.11 3.09 4.30 -1.21 15.87 15.98 -.11
2020...... 12.86 12.84 .02 3.14 4.60 -1.46 15.99 17.44 -1.44
2025...... 12.93 13.75 -.82 3.18 4.76 -1.58 16.11 18.51 -2.40
2030...... 12.98 14.23 -1.25 3.21 4.98 -1.77 16.19 19.21 -3.02
2035...... 13.00 14.15 -1.15 3.22 5.14 -1.92 16.23 19.30 -3.07
2040...... 13.01 13.73 -.73 3.23 5.26 -2.04 16.23 18.99 -2.76
2045...... 13.01 13.41 -.40 3.23 5.40 -2.17 16.23 18.81 -2.57
2050...... 13.01 13.27 -.25 3.23 5.53 -2.30 16.24 18.79 -2.55
2055...... 13.02 13.27 -.25 3.24 5.66 -2.42 16.26 18.93 -2.67
2060...... 13.03 13.26 -.22 3.24 5.83 -2.59 16.28 19.09 -2.81
2065...... 13.04 13.18 -.14 3.25 6.06 -2.81 16.28 19.24 -2.95
2070...... 13.04 13.12 -.08 3.25 6.30 -3.06 16.29 19.42 -3.13
High Cost:
1996...... 12.63 11.85 .78 3.02 3.59 -.57 15.65 15.44 .21
1997...... 12.64 12.18 .46 3.02 3.84 -.81 15.66 16.02 -.36
1998...... 12.64 12.09 .55 3.03 4.00 -.97 15.67 16.09 -.43
1999...... 12.65 12.52 .14 3.03 4.21 -1.18 15.69 16.73 -1.04
2000...... 12.70 13.03 -.32 3.04 4.46 -1.42 15.74 17.48 -1.74
2001...... 12.68 13.12 -.44 3.04 4.63 -1.59 15.72 17.75 -2.03
2002...... 12.68 13.24 -.56 3.04 4.80 -1.75 15.73 18.04 -2.31
2003...... 12.69 13.38 -.69 3.05 4.98 -1.93 15.74 18.36 -2.62
2004...... 12.70 13.56 -.86 3.05 5.16 -2.11 15.75 18.72 -2.97
2005...... 12.71 13.72 -1.02 3.05 5.34 -2.28 15.76 19.06 -3.30
2010...... 12.80 14.27 -1.47 3.10 6.37 -3.28 15.89 20.64 -4.75
2015...... 12.91 15.42 -2.51 3.15 7.88 -4.73 16.06 23.30 -7.24
2020...... 13.03 17.22 -4.19 3.22 9.90 -6.69 16.25 27.12 -10.88
2025...... 13.15 18.93 -5.78 3.29 12.33 -9.04 16.43 31.26 -14.83
2030...... 13.25 20.35 -7.09 3.35 14.86 -11.51 16.60 35.20 -18.61
2035...... 13.33 21.24 -7.92 3.39 16.94 -13.55 16.72 38.19 -21.46
2040...... 13.38 21.82 -8.44 3.43 18.40 -14.97 16.81 40.21 -23.40
2045...... 13.44 22.53 -9.09 3.46 19.20 -15.74 16.89 41.73 -24.83
2050...... 13.50 23.46 -9.97 3.49 19.66 -16.17 16.99 43.13 -26.14
2055...... 13.57 24.68 -11.11 3.54 20.12 -16.58 17.11 44.80 -27.69
2060...... 13.65 25.93 -12.28 3.58 20.75 -17.17 17.23 46.68 -29.45
2065...... 13.72 27.03 -13.31 3.62 21.55 -17.93 17.34 48.59 -31.24
2070...... 13.78 28.02 -14.24 3.66 22.43 -18.77 17.44 50.45 -33.01
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1/ The taxable payroll for HI is significantly larger than the taxable payroll
for OASDI because the HI taxable maximum amount was eliminated beginning 1994,
and because HI covers all Federal civilian employees, including those hired
before 1984, all State and local government employees hired after April 1,
1986, and railroad employees. Combined OASDI and HI rates as a percent of
taxable payroll are computed as the sum of the rates for the separate programs.
Notes:
1. The income rate excludes interest income and certain transfers from the
general fund of the Treasury.
2. Totals do not necessarily equal the sums of rounded components.
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