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Detailed Single Year Tables

Description of Proposed Provision:
E2.5: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2018, and tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide benefit credit for additional earnings taxed.

 

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
201813.4914.190.70
287
0.001.261.26
201913.7014.320.63
282
-0.001.381.38
202013.8514.400.55
277
-0.001.441.44
202114.0114.480.47
272
-0.001.491.50
202214.2514.570.31
267
-0.001.541.55
202314.5414.630.10
261
-0.001.591.59
202414.8214.72-0.10
254
-0.011.631.64
202515.0914.79-0.31
247
-0.011.681.69
202615.3614.87-0.49
239
-0.011.731.74
202715.6114.94-0.67
231
-0.011.791.80
202815.8415.02-0.83
223
-0.011.851.86
202916.0615.09-0.96
215
-0.011.911.92
203016.2515.17-1.08
208
-0.011.981.99
203116.4415.25-1.18
201
-0.012.052.06
203216.5915.33-1.26
194
-0.012.122.13
203316.7315.42-1.31
188
-0.022.192.21
203416.8315.50-1.33
181
-0.022.272.28
203516.9115.55-1.36
174
-0.022.312.33
203616.9715.56-1.41
168
-0.022.312.33
203717.0015.56-1.44
161
-0.022.322.34
203817.0015.56-1.43
155
-0.022.322.34
203916.9715.57-1.41
148
-0.022.322.34
204016.9415.56-1.37
142
-0.032.322.34
204116.8915.56-1.32
136
-0.032.322.35
204216.8315.56-1.27
130
-0.032.322.35
204316.7815.56-1.22
124
-0.032.322.35
204416.7315.56-1.17
119
-0.032.322.35
204516.6815.56-1.13
114
-0.042.322.36
204616.6415.56-1.09
108
-0.042.322.36
204716.6115.56-1.05
103
-0.042.322.36
204816.5715.56-1.02
98
-0.042.322.36
204916.5515.55-0.99
94
-0.042.322.37
205016.5215.55-0.97
89
-0.052.322.37
205116.5115.56-0.95
84
-0.052.322.37
205216.5115.56-0.95
79
-0.052.322.37
205316.5215.56-0.96
75
-0.052.322.38
205416.5315.56-0.97
70
-0.062.332.38
205516.5615.56-1.00
65
-0.062.332.38
205616.6015.57-1.03
59
-0.062.332.39
205716.6315.57-1.06
54
-0.062.332.39
205816.6715.57-1.10
48
-0.072.332.39
205916.7215.58-1.14
42
-0.072.332.40
206016.7615.58-1.18
36
-0.072.332.40
206116.8015.59-1.22
29
-0.072.332.40
206216.8515.59-1.26
23
-0.072.332.40
206316.8915.59-1.30
16
-0.082.332.41
206416.9415.60-1.34
8
-0.082.332.41
206516.9915.60-1.39
1
-0.082.332.41
206617.0415.61-1.43
----
-0.082.332.42
206717.0915.61-1.48
----
-0.082.342.42
206817.1415.61-1.52
----
-0.082.342.42
206917.1915.62-1.57
----
-0.092.342.42
207017.2415.62-1.62
----
-0.092.342.43
207117.2815.63-1.66
----
-0.092.342.43
207217.3215.63-1.69
----
-0.092.342.43
207317.3615.63-1.72
----
-0.092.342.43
207417.3915.64-1.75
----
-0.092.342.43
207517.4115.64-1.77
----
-0.092.342.44
207617.4315.64-1.78
----
-0.092.342.44
207717.4315.64-1.79
----
-0.092.352.44
207817.4315.65-1.78
----
-0.092.352.44
207917.4215.65-1.78
----
-0.102.352.44
208017.4215.65-1.77
----
-0.102.352.45
208117.4115.65-1.76
----
-0.102.352.45
208217.4115.65-1.76
----
-0.102.352.45
208317.4215.65-1.77
----
-0.102.352.45
208417.4315.65-1.78
----
-0.102.352.45
208517.4515.66-1.80
----
-0.102.362.45
208617.4815.66-1.83
----
-0.102.362.45
208717.5215.66-1.86
----
-0.102.362.46
208817.5615.67-1.89
----
-0.102.362.46
208917.6015.67-1.93
----
-0.102.362.46
209017.6515.67-1.98
----
-0.102.362.46
209117.7015.68-2.02
----
-0.102.362.46
209217.7515.68-2.06
----
-0.102.372.46



 

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 16.62% 15.98% -0.64%
2065
-0.05% 2.14% 2.19%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017