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Detailed Single Year Tables

Description of Proposed Provision:
E3.15: Increase the taxable maximum such that 90 percent of earnings are subject to the payroll tax (phased in 2017-2026). In addition, apply a tax rate of 6.2 percent for earnings above the revised taxable maximum (phased in from 2017-2026). Provide benefit credit for earnings taxed 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
201713.7213.16-0.55
293
0.000.250.25
201813.8613.45-0.40
279
0.000.500.50
201913.9913.68-0.31
267
0.000.710.71
202014.1313.87-0.26
256
0.000.890.89
202114.2714.06-0.21
247
0.001.061.06
202214.4914.25-0.24
238
0.001.211.21
202314.7614.40-0.36
229
0.001.341.34
202415.0314.55-0.48
220
0.001.461.45
202515.2914.67-0.62
211
0.011.561.55
202615.4814.79-0.69
203
0.011.671.66
202715.6614.81-0.85
196
0.011.671.66
202815.8314.83-1.00
189
0.021.671.66
202915.9914.84-1.15
182
0.021.671.65
203016.1314.86-1.27
175
0.031.681.65
203116.2614.87-1.39
168
0.031.681.64
203216.3714.88-1.49
160
0.041.681.64
203316.4614.89-1.57
152
0.051.681.63
203416.5214.89-1.63
144
0.051.681.63
203516.5614.90-1.66
135
0.061.681.62
203616.6214.91-1.72
127
0.071.681.61
203716.6814.91-1.76
117
0.081.691.61
203816.7014.92-1.78
108
0.081.691.60
203916.7014.92-1.78
99
0.091.691.60
204016.6914.92-1.77
89
0.101.691.59
204116.6714.92-1.75
80
0.111.691.58
204216.6514.93-1.73
71
0.121.691.58
204316.6314.93-1.70
61
0.131.701.57
204416.6014.93-1.68
52
0.131.701.56
204516.5914.93-1.66
43
0.141.701.55
204616.5814.93-1.65
33
0.151.701.55
204716.5614.93-1.63
24
0.161.701.54
204816.5614.93-1.62
15
0.171.701.53
204916.5514.94-1.61
5
0.181.711.52
205016.5514.94-1.61
----
0.191.711.52
205116.5614.94-1.62
----
0.201.711.51
205216.5814.95-1.64
----
0.211.711.50
205316.6114.95-1.66
----
0.221.711.49
205416.6514.95-1.70
----
0.231.711.49
205516.7014.96-1.74
----
0.241.721.48
205616.7614.97-1.79
----
0.251.721.47
205716.8214.97-1.85
----
0.261.721.46
205816.8814.98-1.90
----
0.271.721.45
205916.9414.98-1.95
----
0.281.721.44
206017.0014.99-2.01
----
0.291.731.44
206117.0614.99-2.06
----
0.301.731.43
206217.1215.00-2.12
----
0.311.731.42
206317.1715.01-2.17
----
0.321.731.42
206417.2315.01-2.22
----
0.331.731.41
206517.2915.02-2.27
----
0.331.741.40
206617.3515.02-2.33
----
0.341.741.40
206717.4115.03-2.38
----
0.351.741.39
206817.4715.03-2.44
----
0.361.741.39
206917.5315.04-2.49
----
0.361.741.38
207017.5915.04-2.54
----
0.371.751.38
207117.6415.05-2.59
----
0.371.751.37
207217.6815.05-2.63
----
0.381.751.37
207317.7315.06-2.67
----
0.391.751.37
207417.7615.06-2.70
----
0.391.751.36
207517.7915.06-2.72
----
0.391.751.36
207617.8015.07-2.74
----
0.401.761.36
207717.8115.07-2.74
----
0.401.761.36
207817.8115.07-2.74
----
0.401.761.36
207917.8115.07-2.74
----
0.401.761.36
208017.8115.07-2.74
----
0.411.761.35
208117.8115.07-2.74
----
0.411.761.35
208217.8215.08-2.74
----
0.411.761.35
208317.8315.08-2.75
----
0.411.761.35
208417.8515.08-2.77
----
0.411.771.35
208517.8815.08-2.80
----
0.421.771.35
208617.9215.09-2.83
----
0.421.771.35
208717.9615.09-2.87
----
0.421.771.35
208818.0115.09-2.91
----
0.421.771.35
208918.0515.10-2.96
----
0.421.771.35
209018.1015.10-3.00
----
0.431.771.35
209118.1515.11-3.04
----
0.431.771.35



 

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 16.69% 15.44% -1.26%
2049
0.19% 1.59% 1.40%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016