Description of Proposed Provision:
E1.1: Increase the payroll tax rate (currently 12.4 percent) to 15.4 percent in 2019 and later.

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
201813.8112.64-1.17
288
0.000.000.00
201913.9515.521.57
272
0.002.652.65
202014.1215.721.60
274
-0.012.822.83
202114.2715.741.48
276
-0.012.822.83
202214.4315.771.34
277
-0.012.832.83
202314.6115.791.18
277
-0.012.832.83
202414.8015.821.03
276
-0.012.832.84
202514.9715.830.86
275
-0.012.832.83
202615.1515.960.81
273
-0.012.822.83
202715.3515.970.62
271
-0.012.822.83
202815.5715.990.42
269
-0.012.822.83
202915.7816.010.23
268
-0.012.822.84
203015.9716.020.06
266
-0.022.822.84
203116.1416.04-0.11
265
-0.022.822.84
203216.3016.05-0.25
264
-0.022.822.84
203316.4316.06-0.37
263
-0.022.822.84
203416.5416.07-0.47
262
-0.022.822.85
203516.6316.08-0.55
261
-0.022.822.85
203616.7016.08-0.61
260
-0.032.822.85
203716.7616.09-0.67
259
-0.032.822.85
203816.7916.09-0.70
257
-0.032.822.86
203916.8016.10-0.70
256
-0.032.822.86
204016.7916.10-0.70
255
-0.042.822.86
204116.7716.10-0.67
254
-0.042.832.86
204216.7416.10-0.64
253
-0.042.832.87
204316.6916.10-0.60
253
-0.042.832.87
204416.6516.10-0.55
252
-0.042.832.87
204516.6116.10-0.52
252
-0.052.832.87
204616.5816.10-0.48
252
-0.052.832.88
204716.5516.10-0.45
253
-0.052.832.88
204816.5216.10-0.43
253
-0.052.832.88
204916.5016.10-0.40
253
-0.062.832.89
205016.4816.10-0.39
254
-0.062.832.89
205116.4716.10-0.37
254
-0.062.832.89
205216.4716.10-0.37
255
-0.072.832.89
205316.4816.10-0.37
255
-0.072.832.90
205416.4916.10-0.39
255
-0.072.832.90
205516.5216.11-0.41
255
-0.072.832.90
205616.5516.11-0.44
255
-0.082.832.91
205716.5916.11-0.47
255
-0.082.832.91
205816.6316.12-0.51
254
-0.082.832.91
205916.6816.12-0.55
253
-0.082.832.92
206016.7216.13-0.59
252
-0.092.832.92
206116.7716.13-0.64
251
-0.092.832.92
206216.8216.14-0.68
249
-0.092.832.93
206316.8716.14-0.73
247
-0.092.832.93
206416.9216.15-0.77
245
-0.102.842.93
206516.9716.15-0.82
243
-0.102.842.93
206617.0316.15-0.87
240
-0.102.842.94
206717.0816.16-0.92
237
-0.102.842.94
206817.1416.16-0.97
234
-0.102.842.94
206917.2016.17-1.03
230
-0.102.842.94
207017.2616.17-1.08
226
-0.112.842.95
207117.3116.18-1.13
222
-0.112.842.95
207217.3616.18-1.18
218
-0.112.842.95
207317.4016.19-1.22
213
-0.112.842.95
207417.4416.19-1.25
208
-0.112.842.95
207517.4816.19-1.28
203
-0.112.842.95
207617.5016.20-1.30
198
-0.112.842.95
207717.5116.20-1.31
193
-0.112.842.96
207817.5116.20-1.31
187
-0.112.842.96
207917.5116.20-1.30
182
-0.112.852.96
208017.4916.20-1.29
177
-0.112.852.96
208117.4816.20-1.28
172
-0.112.852.96
208217.4616.20-1.26
167
-0.112.852.96
208317.4416.20-1.24
162
-0.112.852.96
208417.4316.20-1.23
157
-0.112.852.96
208517.4216.20-1.22
152
-0.112.852.96
208617.4216.20-1.21
147
-0.112.852.96
208717.4216.20-1.22
141
-0.112.852.96
208817.4416.21-1.23
136
-0.112.852.96
208917.4616.21-1.25
130
-0.112.852.96
209017.4916.21-1.28
125
-0.112.862.97
209117.5316.21-1.31
119
-0.112.862.97
209217.5716.22-1.35
113
-0.112.862.97
209317.6216.22-1.39
106
-0.112.862.97


Summarized Estimates

  Proposal   Change from Current Law
Years Cost
rate		 Income
rate		 Actuarial
balance
Year of reserve
depletion1
Cost
rate		 Income
rate		 Actuarial
balance
2018-2092 16.63% 16.63% 0.01%
N/A
-0.06% 2.79% 2.85%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2018 Trustees Report.