Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2015-2020, until the rate reaches 13.0 percent for 2020 and later.

			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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2012	13.83	12.89	-0.93	340	0.00	0.00	0.00
2013	13.95	12.83	-1.12	329	0.00	0.00	0.00
2014	13.98	12.93	-1.05	315	0.00	0.00	0.00
2015	13.97	13.04	-0.92	302	0.00	0.09	0.09
2016	13.94	13.17	-0.77	290	0.00	0.19	0.19
2017	13.91	13.29	-0.63	279	0.00	0.28	0.28
2018	13.96	13.41	-0.55	269	0.00	0.38	0.38
2019	14.13	13.52	-0.61	260	0.00	0.47	0.47
2020	14.37	13.64	-0.73	250	0.00	0.57	0.57
2021	14.65	13.68	-0.98	240	0.00	0.57	0.57
2022	14.97	13.70	-1.27	229	0.00	0.57	0.57
2023	15.29	13.72	-1.57	217	0.00	0.57	0.57
2024	15.59	13.74	-1.86	204	0.00	0.57	0.57
2025	15.88	13.75	-2.13	191	0.00	0.57	0.57
2026	16.15	13.77	-2.38	177	0.00	0.57	0.57
2027	16.41	13.78	-2.63	162	0.00	0.57	0.58
2028	16.63	13.80	-2.84	147	0.00	0.57	0.58
2029	16.83	13.81	-3.02	131	0.00	0.57	0.58
2030	17.00	13.82	-3.18	114	0.00	0.57	0.58
2031	17.14	13.83	-3.31	96	0.00	0.57	0.58
2032	17.25	13.84	-3.41	78	0.00	0.57	0.58
2033	17.32	13.84	-3.48	59	-0.01	0.57	0.58
2034	17.37	13.85	-3.53	40	-0.01	0.57	0.58
2035	17.40	13.85	-3.55	21	-0.01	0.57	0.58
2036	17.42	13.85	-3.57	1	-0.01	0.57	0.58
2037	17.43	13.86	-3.57	----	-0.01	0.57	0.58
2038	17.41	13.86	-3.56	----	-0.01	0.57	0.58
2039	17.38	13.86	-3.53	----	-0.01	0.57	0.58
2040	17.35	13.86	-3.49	----	-0.01	0.57	0.58
2041	17.31	13.85	-3.46	----	-0.01	0.57	0.58
2042	17.27	13.85	-3.42	----	-0.01	0.57	0.58
2043	17.23	13.85	-3.38	----	-0.01	0.57	0.58
2044	17.20	13.85	-3.35	----	-0.01	0.57	0.58
2045	17.17	13.85	-3.32	----	-0.01	0.57	0.58
2046	17.15	13.85	-3.30	----	-0.01	0.57	0.59
2047	17.12	13.85	-3.27	----	-0.01	0.57	0.59
2048	17.10	13.85	-3.25	----	-0.01	0.57	0.59
2049	17.08	13.85	-3.23	----	-0.01	0.57	0.59
2050	17.07	13.85	-3.22	----	-0.01	0.57	0.59
2051	17.06	13.85	-3.21	----	-0.02	0.57	0.59
2052	17.05	13.85	-3.20	----	-0.02	0.57	0.59
2053	17.06	13.85	-3.21	----	-0.02	0.57	0.59
2054	17.06	13.85	-3.21	----	-0.02	0.57	0.59
2055	17.07	13.85	-3.22	----	-0.02	0.57	0.59
2056	17.09	13.85	-3.24	----	-0.02	0.57	0.59
2057	17.10	13.85	-3.25	----	-0.02	0.57	0.59
2058	17.12	13.86	-3.26	----	-0.02	0.57	0.59
2059	17.13	13.86	-3.27	----	-0.02	0.57	0.59
2060	17.13	13.86	-3.28	----	-0.02	0.57	0.59
2061	17.14	13.86	-3.28	----	-0.02	0.57	0.60
2062	17.15	13.86	-3.29	----	-0.02	0.57	0.60
2063	17.15	13.86	-3.29	----	-0.02	0.57	0.60
2064	17.16	13.86	-3.30	----	-0.02	0.57	0.60
2065	17.18	13.86	-3.31	----	-0.02	0.57	0.60
2066	17.20	13.86	-3.33	----	-0.02	0.57	0.60
2067	17.22	13.87	-3.35	----	-0.02	0.58	0.60
2068	17.24	13.87	-3.37	----	-0.02	0.58	0.60
2069	17.27	13.87	-3.40	----	-0.02	0.58	0.60
2070	17.30	13.87	-3.43	----	-0.02	0.58	0.60
2071	17.33	13.87	-3.46	----	-0.02	0.58	0.60
2072	17.35	13.88	-3.48	----	-0.02	0.58	0.60
2073	17.38	13.88	-3.50	----	-0.02	0.58	0.60
2074	17.41	13.88	-3.53	----	-0.02	0.58	0.60
2075	17.44	13.88	-3.55	----	-0.02	0.58	0.60
2076	17.46	13.88	-3.58	----	-0.02	0.58	0.60
2077	17.49	13.89	-3.60	----	-0.02	0.58	0.60
2078	17.52	13.89	-3.63	----	-0.02	0.58	0.60
2079	17.55	13.89	-3.66	----	-0.02	0.58	0.60
2080	17.58	13.89	-3.69	----	-0.02	0.58	0.60
2081	17.61	13.89	-3.72	----	-0.02	0.58	0.60
2082	17.65	13.90	-3.75	----	-0.02	0.58	0.60
2083	17.69	13.90	-3.79	----	-0.02	0.58	0.60
2084	17.73	13.90	-3.83	----	-0.02	0.58	0.60
2085	17.77	13.90	-3.86	----	-0.02	0.58	0.60
2086	17.81	13.91	-3.90	----	-0.02	0.58	0.60
2087	17.85	13.91	-3.94	----	-0.02	0.58	0.60

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086	16.67%	14.54%	-2.13%	2036	-0.01%	0.52%	0.53%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


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Detailed Single Year Tables

Description of Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2015-2020, until the rate reaches 13.0 percent for 2020 and later.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2015-2020, until the rate reaches 13.0 percent for 2020 and later.