Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: E3.9: Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2024. Do not provide benefit credit for additional earnings taxed.

			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
2016	14.05	12.94	-1.10	303	0.00	0.00	0.00
2017	13.72	12.92	-0.80	293	0.00	0.00	0.00
2018	13.86	12.96	-0.90	277	0.00	0.00	0.00
2019	13.99	12.97	-1.02	262	0.00	0.00	0.00
2020	14.13	12.98	-1.15	246	0.00	0.00	0.00
2021	14.27	13.00	-1.27	231	0.00	0.00	0.00
2022	14.49	13.03	-1.46	216	0.00	0.00	0.00
2023	14.76	13.06	-1.70	200	0.00	0.00	0.00
2024	15.02	13.36	-1.67	183	0.00	0.27	0.27
2025	15.28	13.39	-1.90	167	0.00	0.28	0.28
2026	15.47	13.40	-2.07	152	0.00	0.28	0.28
2027	15.65	13.42	-2.23	137	0.00	0.28	0.28
2028	15.81	13.43	-2.38	122	0.00	0.28	0.28
2029	15.97	13.45	-2.52	106	0.00	0.28	0.28
2030	16.10	13.46	-2.64	91	0.00	0.28	0.28
2031	16.22	13.47	-2.75	75	0.00	0.28	0.28
2032	16.33	13.48	-2.85	59	0.00	0.28	0.28
2033	16.41	13.48	-2.92	43	0.00	0.28	0.28
2034	16.46	13.49	-2.97	25	0.00	0.28	0.28
2035	16.49	13.49	-3.00	8	0.00	0.28	0.28
2036	16.55	13.50	-3.06	----	0.00	0.28	0.28
2037	16.60	13.50	-3.09	----	0.00	0.28	0.28
2038	16.61	13.51	-3.10	----	0.00	0.28	0.28
2039	16.61	13.51	-3.10	----	0.00	0.28	0.28
2040	16.59	13.51	-3.08	----	0.00	0.28	0.28
2041	16.56	13.51	-3.05	----	0.00	0.28	0.28
2042	16.53	13.51	-3.02	----	0.00	0.28	0.28
2043	16.50	13.51	-2.99	----	0.00	0.28	0.28
2044	16.46	13.51	-2.96	----	0.00	0.28	0.28
2045	16.45	13.51	-2.94	----	0.00	0.28	0.28
2046	16.42	13.51	-2.91	----	0.00	0.28	0.28
2047	16.40	13.51	-2.89	----	0.00	0.28	0.28
2048	16.38	13.51	-2.87	----	0.00	0.28	0.28
2049	16.36	13.51	-2.86	----	0.00	0.28	0.28
2050	16.35	13.51	-2.84	----	0.00	0.28	0.28
2051	16.35	13.51	-2.84	----	0.00	0.28	0.28
2052	16.37	13.51	-2.85	----	-0.01	0.28	0.28
2053	16.39	13.52	-2.87	----	-0.01	0.28	0.28
2054	16.42	13.52	-2.90	----	-0.01	0.28	0.28
2055	16.46	13.52	-2.94	----	-0.01	0.28	0.28
2056	16.50	13.52	-2.98	----	-0.01	0.28	0.28
2057	16.55	13.53	-3.02	----	-0.01	0.28	0.28
2058	16.60	13.53	-3.07	----	-0.01	0.28	0.29
2059	16.65	13.54	-3.11	----	-0.01	0.28	0.29
2060	16.70	13.54	-3.16	----	-0.01	0.28	0.29
2061	16.75	13.54	-3.21	----	-0.01	0.28	0.29
2062	16.80	13.55	-3.25	----	-0.01	0.28	0.29
2063	16.85	13.55	-3.30	----	-0.01	0.28	0.29
2064	16.90	13.55	-3.34	----	-0.01	0.28	0.29
2065	16.95	13.56	-3.39	----	-0.01	0.28	0.29
2066	17.00	13.56	-3.44	----	-0.01	0.28	0.29
2067	17.05	13.57	-3.49	----	-0.01	0.28	0.29
2068	17.10	13.57	-3.53	----	-0.01	0.28	0.29
2069	17.16	13.57	-3.58	----	-0.01	0.28	0.29
2070	17.21	13.58	-3.63	----	-0.01	0.28	0.29
2071	17.25	13.58	-3.67	----	-0.01	0.28	0.29
2072	17.29	13.58	-3.71	----	-0.01	0.28	0.29
2073	17.33	13.59	-3.74	----	-0.01	0.28	0.29
2074	17.36	13.59	-3.77	----	-0.01	0.28	0.29
2075	17.38	13.59	-3.79	----	-0.01	0.28	0.29
2076	17.39	13.59	-3.80	----	-0.01	0.28	0.29
2077	17.40	13.59	-3.81	----	-0.01	0.28	0.29
2078	17.40	13.59	-3.81	----	-0.01	0.28	0.29
2079	17.39	13.59	-3.80	----	-0.01	0.28	0.29
2080	17.39	13.59	-3.80	----	-0.01	0.28	0.29
2081	17.39	13.59	-3.80	----	-0.01	0.28	0.29
2082	17.40	13.59	-3.80	----	-0.01	0.28	0.29
2083	17.41	13.59	-3.81	----	-0.01	0.28	0.29
2084	17.43	13.60	-3.83	----	-0.01	0.28	0.29
2085	17.46	13.60	-3.86	----	-0.01	0.28	0.29
2086	17.49	13.60	-3.89	----	-0.01	0.28	0.29
2087	17.53	13.60	-3.93	----	-0.01	0.28	0.29
2088	17.57	13.60	-3.97	----	-0.01	0.28	0.29
2089	17.62	13.61	-4.01	----	-0.01	0.28	0.29
2090	17.67	13.61	-4.05	----	-0.01	0.28	0.29
2091	17.71	13.61	-4.10	----	-0.01	0.28	0.29

				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 2016 Trustees Report.
2016-2090	16.50%	14.09%	-2.41%	2035	-0.00%	0.24%	0.25%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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Detailed Single Year Tables

Description of Proposed Provision: E3.9: Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2024. Do not provide benefit credit for additional earnings taxed.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
E3.9: Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2024. Do not provide benefit credit for additional earnings taxed.