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Detailed Single Year Tables

Description of Proposed Provision:
E3.2: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2027). 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
201813.4913.07-0.42
287
0.000.140.14
201913.7013.22-0.48
274
-0.000.270.27
202013.8513.36-0.49
261
-0.000.400.40
202114.0213.50-0.52
250
-0.000.510.51
202214.2513.63-0.62
239
-0.000.610.61
202314.5413.75-0.79
228
-0.000.700.70
202414.8213.87-0.95
216
-0.000.790.79
202515.1013.97-1.12
204
-0.000.870.87
202615.3714.08-1.29
192
-0.000.950.95
202715.6114.17-1.44
180
-0.001.021.02
202815.8514.19-1.66
168
-0.001.021.03
202916.0614.20-1.86
156
-0.001.021.03
203016.2614.22-2.04
143
-0.001.021.03
203116.4414.23-2.21
131
-0.011.021.03
203216.6014.24-2.36
118
-0.011.021.03
203316.7314.25-2.48
105
-0.011.021.03
203416.8414.26-2.58
91
-0.011.021.03
203516.9214.26-2.65
76
-0.011.021.03
203616.9814.27-2.71
62
-0.011.031.03
203717.0114.27-2.74
47
-0.011.031.04
203817.0114.28-2.74
31
-0.011.031.04
203916.9914.28-2.71
16
-0.011.031.04
204016.9514.28-2.67
0
-0.011.031.04
204116.9014.27-2.63
----
-0.011.031.04
204216.8514.27-2.58
----
-0.011.031.04
204316.7914.27-2.52
----
-0.011.031.04
204416.7414.27-2.48
----
-0.021.031.04
204516.7014.27-2.44
----
-0.021.031.05
204616.6614.26-2.40
----
-0.021.031.05
204716.6314.26-2.36
----
-0.021.031.05
204816.6014.26-2.33
----
-0.021.031.05
204916.5714.26-2.31
----
-0.021.031.05
205016.5514.26-2.28
----
-0.021.031.05
205116.5314.26-2.27
----
-0.021.031.05
205216.5314.26-2.27
----
-0.021.031.06
205316.5414.27-2.28
----
-0.031.031.06
205416.5614.27-2.30
----
-0.031.031.06
205516.5914.27-2.32
----
-0.031.031.06
205616.6314.27-2.35
----
-0.031.031.06
205716.6714.28-2.39
----
-0.031.031.06
205816.7114.28-2.43
----
-0.031.031.06
205916.7514.28-2.47
----
-0.031.031.07
206016.8014.29-2.51
----
-0.031.031.07
206116.8414.29-2.55
----
-0.031.031.07
206216.8914.29-2.59
----
-0.041.041.07
206316.9314.30-2.63
----
-0.041.041.07
206416.9814.30-2.68
----
-0.041.041.07
206517.0314.31-2.72
----
-0.041.041.08
206617.0814.31-2.77
----
-0.041.041.08
206717.1314.31-2.81
----
-0.041.041.08
206817.1814.32-2.86
----
-0.041.041.08
206917.2314.32-2.91
----
-0.041.041.08
207017.2814.33-2.96
----
-0.041.041.08
207117.3314.33-3.00
----
-0.041.041.08
207217.3714.33-3.04
----
-0.041.041.09
207317.4014.34-3.07
----
-0.051.041.09
207417.4314.34-3.10
----
-0.051.041.09
207517.4614.34-3.12
----
-0.051.041.09
207617.4714.34-3.13
----
-0.051.041.09
207717.4814.34-3.13
----
-0.051.051.09
207817.4814.34-3.13
----
-0.051.051.09
207917.4714.35-3.13
----
-0.051.051.09
208017.4614.35-3.12
----
-0.051.051.09
208117.4614.35-3.11
----
-0.051.051.10
208217.4614.35-3.11
----
-0.051.051.10
208317.4714.35-3.12
----
-0.051.051.10
208417.4814.35-3.13
----
-0.051.051.10
208517.5014.35-3.15
----
-0.051.051.10
208617.5314.35-3.18
----
-0.051.051.10
208717.5714.36-3.21
----
-0.051.051.10
208817.6114.36-3.25
----
-0.051.051.10
208917.6514.36-3.29
----
-0.051.051.10
209017.7014.37-3.33
----
-0.051.051.10
209117.7514.37-3.38
----
-0.051.051.10
209217.7914.37-3.42
----
-0.051.061.10



 

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 16.64% 14.79% -1.85%
2040
-0.02% 0.95% 0.98%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017