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Detailed Single Year Tables

Description of Proposed Provision:
E2.13: Apply OASDI payroll tax rate on earnings above $400,000 starting in 2019, and tax all earnings once the current-law taxable maximum exceeds $400,000. Provide benefit credit for earnings above the current-law taxable maximum that are subject to the payroll tax, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings from each year after 2018 that were in excess of that year's current-law taxable maximum; and (2) a formula factor of 2 percent on this newly computed "AIME+".

 

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
201813.4912.93-0.56
287
0.000.000.00
201913.7013.860.16
273
0.000.920.92
202013.8513.960.11
265
-0.001.001.00
202114.0114.030.02
258
-0.001.041.04
202214.2514.10-0.16
250
-0.001.071.08
202314.5414.15-0.39
241
-0.001.101.11
202414.8214.22-0.61
232
-0.001.131.14
202515.1014.27-0.83
222
-0.001.171.17
202615.3714.33-1.04
211
-0.001.201.20
202715.6214.39-1.23
200
-0.001.231.23
202815.8514.44-1.41
189
-0.001.271.27
202916.0714.49-1.58
178
0.001.311.31
203016.2714.55-1.72
168
0.001.351.35
203116.4514.60-1.85
157
0.001.391.39
203216.6114.65-1.96
146
0.001.431.43
203316.7414.70-2.04
135
0.001.481.48
203416.8514.76-2.09
124
0.001.521.52
203516.9314.81-2.12
113
0.001.571.57
203616.9914.86-2.13
101
0.001.621.62
203717.0314.92-2.11
90
0.001.671.67
203817.0314.97-2.05
79
0.011.721.72
203917.0015.03-1.98
68
0.011.781.77
204016.9715.08-1.88
57
0.011.841.83
204116.9215.14-1.78
47
0.011.901.89
204216.8715.20-1.67
38
0.011.961.95
204316.8215.27-1.55
28
0.012.032.02
204416.7715.33-1.44
20
0.012.102.09
204516.7315.40-1.33
12
0.012.172.16
204616.6915.48-1.21
4
0.012.242.23
204716.6615.56-1.10
----
0.012.322.31
204816.6315.56-1.07
----
0.012.332.31
204916.6015.56-1.04
----
0.012.332.31
205016.5815.56-1.02
----
0.012.332.31
205116.5715.56-1.01
----
0.022.332.31
205216.5715.56-1.01
----
0.022.332.31
205316.5915.57-1.02
----
0.022.332.31
205416.6115.57-1.04
----
0.022.332.31
205516.6415.57-1.07
----
0.022.332.31
205616.6815.57-1.10
----
0.022.332.31
205716.7215.58-1.14
----
0.022.342.31
205816.7615.58-1.18
----
0.022.342.31
205916.8115.59-1.22
----
0.022.342.31
206016.8515.59-1.26
----
0.022.342.31
206116.9015.60-1.30
----
0.032.342.31
206216.9515.60-1.35
----
0.032.342.32
206317.0015.60-1.39
----
0.032.342.32
206417.0515.61-1.44
----
0.032.342.32
206517.0915.61-1.48
----
0.032.342.32
206617.1515.62-1.53
----
0.032.352.32
206717.2015.62-1.58
----
0.032.352.32
206817.2515.63-1.63
----
0.032.352.32
206917.3115.63-1.67
----
0.032.352.32
207017.3615.64-1.72
----
0.032.352.32
207117.4115.64-1.77
----
0.032.352.32
207217.4515.64-1.80
----
0.032.352.32
207317.4815.65-1.83
----
0.032.352.32
207417.5115.65-1.86
----
0.032.362.32
207517.5415.65-1.88
----
0.032.362.32
207617.5515.66-1.90
----
0.042.362.32
207717.5615.66-1.90
----
0.042.362.32
207817.5615.66-1.90
----
0.042.362.33
207917.5515.66-1.89
----
0.042.362.33
208017.5515.66-1.88
----
0.042.362.33
208117.5415.66-1.88
----
0.042.372.33
208217.5415.66-1.88
----
0.042.372.33
208317.5515.67-1.88
----
0.042.372.33
208417.5715.67-1.90
----
0.042.372.33
208517.5915.67-1.92
----
0.042.372.33
208617.6215.67-1.95
----
0.042.372.33
208717.6615.68-1.98
----
0.042.372.33
208817.7015.68-2.02
----
0.042.382.34
208917.7415.69-2.06
----
0.042.382.34
209017.7915.69-2.10
----
0.042.382.34
209117.8415.69-2.14
----
0.042.382.34
209217.8815.70-2.19
----
0.042.382.34



 

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 16.68% 15.73% -0.95%
2046
0.02% 1.89% 1.88%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017