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Detailed Single Year Tables

Description of Proposed Provision:
E2.6: Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2018. Do not provide benefit credit for earnings above the current-law taxable maximum.

 

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
201713.4113.03-0.38
298
0.000.000.00
201813.4913.500.01
287
0.000.570.57
201913.7013.55-0.15
277
0.000.600.60
202013.8513.56-0.29
267
0.000.600.60
202114.0213.59-0.42
257
0.000.600.60
202214.2513.62-0.63
246
0.000.600.60
202314.5413.65-0.90
234
0.000.600.60
202414.8213.68-1.14
222
0.000.600.60
202515.1013.70-1.40
208
0.000.600.60
202615.3713.73-1.64
194
0.000.600.60
202715.6113.75-1.87
180
0.000.600.60
202815.8513.76-2.09
166
0.000.600.60
202916.0613.78-2.28
151
0.000.600.60
203016.2613.79-2.47
136
0.000.600.60
203116.4413.80-2.64
121
0.000.600.60
203216.6013.82-2.79
106
-0.010.600.60
203316.7313.82-2.91
90
-0.010.600.60
203416.8413.83-3.01
73
-0.010.600.60
203516.9213.84-3.08
56
-0.010.600.60
203616.9813.84-3.14
39
-0.010.600.60
203717.0113.85-3.17
21
-0.010.600.61
203817.0113.85-3.17
3
-0.010.600.61
203916.9913.85-3.14
----
-0.010.600.61
204016.9513.85-3.11
----
-0.010.600.61
204116.9113.84-3.06
----
-0.010.600.61
204216.8513.84-3.01
----
-0.010.600.61
204316.8013.84-2.96
----
-0.010.600.61
204416.7513.84-2.91
----
-0.010.600.61
204516.7113.84-2.87
----
-0.010.600.61
204616.6713.83-2.83
----
-0.010.600.61
204716.6313.83-2.80
----
-0.010.600.61
204816.6013.83-2.77
----
-0.010.600.61
204916.5713.83-2.74
----
-0.010.600.61
205016.5513.83-2.72
----
-0.020.600.61
205116.5413.83-2.71
----
-0.020.600.62
205216.5413.83-2.71
----
-0.020.600.62
205316.5513.83-2.72
----
-0.020.600.62
205416.5713.83-2.74
----
-0.020.600.62
205516.6013.84-2.76
----
-0.020.600.62
205616.6413.84-2.80
----
-0.020.600.62
205716.6813.84-2.83
----
-0.020.600.62
205816.7213.85-2.87
----
-0.020.600.62
205916.7613.85-2.91
----
-0.020.600.62
206016.8113.85-2.95
----
-0.020.600.62
206116.8513.86-3.00
----
-0.020.600.62
206216.9013.86-3.04
----
-0.020.600.62
206316.9513.86-3.08
----
-0.020.600.62
206416.9913.87-3.13
----
-0.020.600.63
206517.0413.87-3.17
----
-0.020.600.63
206617.0913.87-3.22
----
-0.020.600.63
206717.1413.88-3.27
----
-0.030.600.63
206817.2013.88-3.32
----
-0.030.600.63
206917.2513.88-3.36
----
-0.030.600.63
207017.3013.89-3.41
----
-0.030.600.63
207117.3513.89-3.46
----
-0.030.600.63
207217.3913.89-3.49
----
-0.030.600.63
207317.4213.90-3.53
----
-0.030.600.63
207417.4513.90-3.55
----
-0.030.600.63
207517.4813.90-3.58
----
-0.030.600.63
207617.4913.90-3.59
----
-0.030.600.63
207717.5013.90-3.59
----
-0.030.600.63
207817.5013.90-3.59
----
-0.030.600.63
207917.4913.90-3.59
----
-0.030.610.63
208017.4813.90-3.58
----
-0.030.610.63
208117.4813.90-3.58
----
-0.030.610.63
208217.4813.90-3.57
----
-0.030.610.63
208317.4913.90-3.58
----
-0.030.610.63
208417.5013.90-3.60
----
-0.030.610.63
208517.5213.91-3.62
----
-0.030.610.63
208617.5513.91-3.65
----
-0.030.610.63
208717.5913.91-3.68
----
-0.030.610.63
208817.6313.91-3.72
----
-0.030.610.64
208917.6713.92-3.76
----
-0.030.610.64
209017.7213.92-3.80
----
-0.030.610.64
209117.7713.92-3.85
----
-0.030.610.64
209217.8213.93-3.89
----
-0.030.610.64



 

Summarized Estimates

 
  Proposal
  Change from Current 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 2017 Trustees Report.
2017-2091 16.65% 14.43% -2.22%
2038
-0.01% 0.59% 0.61%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017