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Detailed Single Year Tables

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) to 15.5 percent in 2027-2056, and to 18.6 percent in years 2057 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

Cost
rate
Income
rate
Annual
balance
201413.9512.67-1.29
320
0.000.000.00
201513.9712.92-1.05
306
0.000.000.00
201613.9712.89-1.08
292
0.000.000.00
201713.9712.91-1.06
277
0.000.000.00
201814.0212.93-1.08
262
0.000.000.00
201914.1512.95-1.20
248
0.000.000.00
202014.3312.96-1.37
233
0.000.000.00
202114.5012.98-1.52
219
0.000.000.00
202214.7413.01-1.73
203
0.000.000.00
202315.0013.03-1.97
187
0.000.000.00
202415.2813.05-2.22
171
0.000.000.00
202515.5413.07-2.47
154
0.000.000.00
202615.7913.09-2.70
137
0.000.000.00
202716.0315.88-0.15
119
0.002.772.77
202816.2416.04-0.20
118
0.002.922.93
202916.4316.05-0.38
117
-0.012.922.93
203016.6016.07-0.53
115
-0.012.922.93
203116.7416.08-0.66
113
-0.012.922.93
203216.8616.09-0.77
110
-0.012.922.93
203316.9416.10-0.85
106
-0.012.922.93
203417.0316.10-0.92
102
-0.012.922.93
203517.0816.11-0.97
98
-0.012.922.93
203617.1116.11-1.00
94
-0.012.922.93
203717.1316.12-1.01
89
-0.012.922.94
203817.1216.12-1.00
85
-0.012.922.94
203917.1016.12-0.98
80
-0.022.922.94
204017.0716.12-0.95
76
-0.022.922.94
204117.0316.12-0.91
71
-0.022.922.94
204216.9916.12-0.87
67
-0.022.932.95
204316.9616.12-0.84
63
-0.022.932.95
204416.9316.12-0.81
59
-0.022.932.95
204516.9116.12-0.79
55
-0.032.932.95
204616.9016.13-0.77
52
-0.032.932.96
204716.8916.13-0.76
48
-0.032.932.96
204816.8716.13-0.74
44
-0.032.932.96
204916.8616.13-0.73
41
-0.042.932.96
205016.8516.13-0.72
37
-0.042.932.97
205116.8516.13-0.72
34
-0.042.932.97
205216.8716.13-0.73
30
-0.042.932.97
205316.8916.14-0.75
26
-0.052.932.98
205416.9216.14-0.78
22
-0.052.932.98
205516.9616.14-0.82
18
-0.052.932.98
205617.0116.15-0.86
13
-0.052.932.99
205717.0518.851.80
9
-0.065.635.69
205817.1019.001.91
19
-0.065.785.84
205917.1419.011.87
31
-0.075.785.85
206017.1919.011.83
42
-0.075.785.85
206117.2319.021.79
53
-0.075.785.86
206217.2819.021.75
64
-0.085.795.86
206317.3219.031.71
75
-0.085.795.87
206417.3619.031.67
85
-0.095.795.87
206517.4119.041.63
96
-0.095.795.88
206617.4519.041.59
106
-0.095.795.88
206717.5019.051.55
117
-0.105.795.89
206817.5419.051.51
127
-0.105.805.90
206917.5919.061.47
137
-0.105.805.90
207017.6319.061.43
146
-0.115.805.91
207117.6719.061.39
156
-0.115.805.91
207217.7019.071.37
166
-0.125.805.92
207317.7319.071.35
175
-0.125.805.92
207417.7419.081.33
185
-0.125.815.93
207517.7619.081.32
195
-0.135.815.93
207617.7619.081.32
205
-0.135.815.94
207717.7619.081.32
215
-0.135.815.94
207817.7619.091.33
226
-0.145.815.95
207917.7619.091.33
236
-0.145.815.95
208017.7619.091.33
247
-0.145.825.96
208117.7719.091.32
257
-0.145.825.96
208217.7919.101.31
268
-0.155.825.97
208317.8119.101.28
278
-0.155.825.97
208417.8519.101.26
289
-0.155.835.98
208517.8919.111.22
299
-0.165.835.98
208617.9319.111.18
309
-0.165.835.99
208717.9819.121.14
319
-0.165.835.99
208818.0219.121.10
329
-0.175.836.00
208918.0719.131.05
339
-0.175.846.00



 

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 2014 Trustees Report.
2014-2088 16.72% 17.08% 0.36%
N/A
-0.05% 3.19% 3.24%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 18, 2014