Detailed Single Year Tables

Description of Proposed Provision:
E1.1: Increase the payroll tax rate (currently 12.4 percent) to 15.4 percent in 2020 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
201913.9112.85-1.06
273
0.000.000.00
202013.9415.581.64
260
0.002.712.71
202114.0815.721.64
264
-0.002.822.83
202214.2215.741.52
267
-0.012.832.83
202314.3915.761.37
269
-0.012.832.83
202414.5815.801.22
269
-0.012.832.83
202514.7815.811.03
269
-0.012.832.83
202614.9815.930.95
268
-0.012.822.83
202715.1815.950.77
267
-0.012.822.83
202815.4216.000.58
265
-0.012.822.83
202915.6116.010.40
264
-0.012.822.83
203015.7916.030.24
263
-0.012.822.84
203115.9516.040.09
262
-0.012.822.84
203216.0916.05-0.04
261
-0.022.822.84
203316.2116.06-0.15
261
-0.022.822.84
203416.3116.07-0.24
261
-0.022.822.85
203516.3816.08-0.30
261
-0.022.832.85
203616.4416.08-0.35
261
-0.022.832.85
203716.4916.09-0.40
261
-0.032.832.85
203816.5416.09-0.44
260
-0.032.832.85
203916.5716.10-0.47
260
-0.032.832.86
204016.5816.10-0.48
260
-0.032.832.86
204116.5816.10-0.47
259
-0.032.832.86
204216.5516.10-0.45
259
-0.042.832.86
204316.5216.10-0.42
259
-0.042.832.87
204416.4816.10-0.38
260
-0.042.832.87
204516.4416.10-0.34
260
-0.042.832.87
204616.4116.10-0.31
261
-0.052.832.88
204716.3816.10-0.28
262
-0.052.832.88
204816.3516.10-0.25
263
-0.052.832.88
204916.3316.10-0.23
264
-0.052.832.88
205016.3116.10-0.21
265
-0.062.832.89
205116.3016.10-0.20
266
-0.062.832.89
205216.3016.10-0.20
267
-0.062.832.89
205316.3116.10-0.20
268
-0.072.832.90
205416.3216.11-0.21
268
-0.072.832.90
205516.3416.11-0.23
269
-0.072.832.90
205616.3716.11-0.25
270
-0.072.832.91
205716.4016.12-0.29
270
-0.082.832.91
205816.4516.12-0.33
270
-0.082.832.91
205916.4916.13-0.37
269
-0.082.832.92
206016.5416.13-0.41
269
-0.082.832.92
206116.5916.14-0.46
268
-0.092.832.92
206216.6416.14-0.50
267
-0.092.842.93
206316.7016.15-0.55
266
-0.092.842.93
206416.7516.15-0.60
264
-0.092.842.93
206516.8016.15-0.65
263
-0.102.842.93
206616.8616.16-0.70
260
-0.102.842.94
206716.9116.16-0.75
258
-0.102.842.94
206816.9716.17-0.80
255
-0.102.842.94
206917.0316.17-0.86
252
-0.102.842.94
207017.0916.18-0.91
249
-0.102.842.94
207117.1516.18-0.96
245
-0.112.842.95
207217.1916.19-1.01
241
-0.112.842.95
207317.2416.19-1.05
237
-0.112.842.95
207417.2816.20-1.09
233
-0.112.842.95
207517.3216.20-1.12
228
-0.112.842.95
207617.3516.20-1.15
223
-0.112.842.95
207717.3716.21-1.16
219
-0.112.842.96
207817.3716.21-1.16
214
-0.112.852.96
207917.3716.21-1.16
209
-0.112.852.96
208017.3516.21-1.14
205
-0.112.852.96
208117.3316.21-1.12
201
-0.112.852.96
208217.3116.21-1.10
196
-0.112.852.96
208317.2916.21-1.08
192
-0.112.852.96
208417.2716.21-1.06
188
-0.112.852.96
208517.2416.21-1.04
184
-0.112.852.96
208617.2316.21-1.02
180
-0.112.852.96
208717.2216.21-1.01
176
-0.112.852.96
208817.2216.21-1.01
171
-0.112.852.96
208917.2316.21-1.02
167
-0.112.862.96
209017.2516.21-1.04
163
-0.112.862.97
209117.2816.21-1.07
158
-0.112.862.97
209217.3216.22-1.10
153
-0.112.862.97
209317.3716.22-1.14
148
-0.112.862.97
209417.4116.23-1.19
143
-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
2019-2093 16.53% 16.61% 0.07% N/A -0.06% 2.79% 2.86%

1 Under current law, the year of Trust Fund reserve depletion is 2035.
Based on Intermediate Assumptions of the 2019 Trustees Report.