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Detailed Single Year Tables

Description of Proposed Provision:
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2023). Provide benefit credit for earnings up to the revised taxable maximum.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
present-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8613.20-0.66
277
0.000.240.24
201913.9913.43-0.56
263
0.000.460.46
202014.1313.62-0.51
251
0.000.640.64
202114.2713.80-0.47
240
0.000.800.80
202214.4913.97-0.52
230
0.000.930.93
202314.7614.11-0.65
219
0.001.061.05
202415.0314.14-0.89
209
0.011.051.04
202515.2914.14-1.16
197
0.011.031.02
202615.4814.15-1.33
186
0.011.031.01
202715.6714.17-1.50
175
0.021.031.01
202815.8414.18-1.65
164
0.021.031.00
202916.0014.20-1.80
153
0.031.031.00
203016.1414.21-1.93
142
0.041.030.99
203116.2714.22-2.05
131
0.041.030.98
203216.3814.23-2.15
119
0.051.030.98
203316.4714.24-2.23
107
0.061.030.97
203416.5314.24-2.29
95
0.071.030.96
203516.5714.25-2.32
82
0.081.030.96
203616.6414.26-2.39
69
0.091.030.95
203716.6914.26-2.43
55
0.091.040.94
203816.7214.27-2.45
42
0.101.040.93
203916.7214.27-2.45
28
0.111.040.92
204016.7114.27-2.44
14
0.121.040.92
204116.6914.27-2.42
----
0.131.040.91
204216.6814.27-2.40
----
0.141.040.90
204316.6514.27-2.38
----
0.151.040.89
204416.6314.27-2.36
----
0.161.040.88
204516.6214.27-2.35
----
0.171.040.87
204616.6114.27-2.33
----
0.181.040.86
204716.5914.27-2.32
----
0.191.040.85
204816.5914.28-2.31
----
0.201.040.84
204916.5814.28-2.31
----
0.211.040.83
205016.5814.28-2.30
----
0.221.050.82
205116.5914.28-2.31
----
0.231.050.81
205216.6214.28-2.33
----
0.251.050.80
205316.6514.29-2.36
----
0.261.050.79
205416.6914.29-2.40
----
0.271.050.78
205516.7414.29-2.45
----
0.281.050.77
205616.8014.30-2.50
----
0.291.050.76
205716.8614.30-2.56
----
0.301.050.75
205816.9214.31-2.61
----
0.311.050.74
205916.9814.31-2.67
----
0.331.060.73
206017.0414.32-2.72
----
0.341.060.72
206117.1014.32-2.78
----
0.351.060.71
206217.1614.33-2.84
----
0.361.060.70
206317.2214.33-2.89
----
0.371.060.69
206417.2814.34-2.94
----
0.381.060.69
206517.3414.34-3.00
----
0.381.060.68
206617.4014.35-3.05
----
0.391.060.67
206717.4614.35-3.11
----
0.401.070.67
206817.5214.36-3.16
----
0.411.070.66
206917.5814.36-3.22
----
0.411.070.65
207017.6414.37-3.27
----
0.421.070.65
207117.6914.37-3.32
----
0.431.070.64
207217.7414.37-3.36
----
0.431.070.64
207317.7814.38-3.40
----
0.441.070.63
207417.8114.38-3.43
----
0.441.070.63
207517.8414.38-3.45
----
0.451.070.63
207617.8514.38-3.47
----
0.451.070.62
207717.8614.39-3.48
----
0.451.070.62
207817.8614.39-3.48
----
0.451.080.62
207917.8614.39-3.47
----
0.461.080.62
208017.8614.39-3.47
----
0.461.080.62
208117.8614.39-3.47
----
0.461.080.62
208217.8714.39-3.48
----
0.461.080.62
208317.8814.39-3.49
----
0.461.080.62
208417.9014.39-3.51
----
0.461.080.62
208517.9314.40-3.54
----
0.471.080.61
208617.9714.40-3.57
----
0.471.080.61
208718.0114.40-3.61
----
0.471.080.61
208818.0614.40-3.65
----
0.471.080.61
208918.1014.41-3.69
----
0.471.080.61
209018.1514.41-3.74
----
0.471.080.61
209118.2014.42-3.78
----
0.481.080.61



 

Summarized Estimates

 
  Proposal
  Change from Present 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 2016 Trustees Report.
2016-2090 16.72% 14.83% -1.89%
2040
0.22% 0.99% 0.77%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016