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Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2020, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2020. Provide proportional 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

Cost
rate
Income
rate
Annual
balance
201213.8312.89-0.93
340
0.000.000.00
201313.9512.83-1.12
329
0.000.000.00
201413.9812.93-1.05
315
0.000.000.00
201513.9712.95-1.01
302
0.000.000.00
201613.9412.98-0.96
290
0.000.000.00
201713.9113.01-0.91
277
0.000.000.00
201813.9613.03-0.93
265
0.000.000.00
201914.1313.05-1.08
253
0.000.000.00
202014.3713.28-1.09
240
0.000.210.21
202114.6513.33-1.33
228
0.000.220.22
202214.9713.35-1.63
215
0.000.220.22
202315.2913.36-1.92
201
0.000.220.22
202415.6013.38-2.21
187
0.000.220.22
202515.8813.40-2.48
171
0.000.220.22
202616.1613.42-2.74
155
0.000.220.22
202716.4213.43-2.98
138
0.000.220.22
202816.6413.45-3.20
121
0.010.220.22
202916.8413.46-3.38
102
0.010.220.21
203017.0113.47-3.54
83
0.010.220.21
203117.1613.48-3.68
63
0.010.220.21
203217.2613.49-3.77
43
0.010.220.21
203317.3413.49-3.85
22
0.010.220.21
203417.3913.50-3.90
0
0.020.220.21
203517.4313.50-3.92
----
0.020.220.21
203617.4513.50-3.94
----
0.020.220.20
203717.4513.51-3.95
----
0.020.220.20
203817.4413.51-3.94
----
0.020.220.20
203917.4213.51-3.91
----
0.030.220.20
204017.3913.51-3.88
----
0.030.220.20
204117.3513.51-3.84
----
0.030.230.19
204217.3113.51-3.81
----
0.030.230.19
204317.2813.50-3.77
----
0.040.230.19
204417.2513.50-3.75
----
0.040.230.19
204517.2313.50-3.72
----
0.040.230.19
204617.2013.50-3.70
----
0.040.230.18
204717.1813.50-3.68
----
0.050.230.18
204817.1613.50-3.66
----
0.050.230.18
204917.1513.50-3.64
----
0.050.230.18
205017.1313.50-3.63
----
0.050.230.18
205117.1313.50-3.62
----
0.060.230.17
205217.1313.51-3.62
----
0.060.230.17
205317.1313.51-3.63
----
0.060.230.17
205417.1413.51-3.64
----
0.060.230.17
205517.1613.51-3.65
----
0.070.230.16
205617.1813.51-3.67
----
0.070.230.16
205717.2013.51-3.68
----
0.070.230.16
205817.2113.52-3.70
----
0.080.230.16
205917.2313.52-3.71
----
0.080.230.16
206017.2413.52-3.72
----
0.080.230.15
206117.2513.52-3.73
----
0.080.240.15
206217.2513.52-3.73
----
0.090.240.15
206317.2613.52-3.74
----
0.090.240.15
206417.2813.52-3.75
----
0.090.240.15
206517.2913.53-3.77
----
0.090.240.14
206617.3113.53-3.79
----
0.090.240.14
206717.3413.53-3.81
----
0.100.240.14
206817.3613.53-3.83
----
0.100.240.14
206917.3913.53-3.86
----
0.100.240.14
207017.4313.54-3.89
----
0.100.240.14
207117.4613.54-3.92
----
0.100.240.14
207217.4813.54-3.94
----
0.100.240.14
207317.5113.54-3.97
----
0.110.240.13
207417.5413.54-4.00
----
0.110.240.13
207517.5713.55-4.02
----
0.110.240.13
207617.6013.55-4.05
----
0.110.240.13
207717.6213.55-4.07
----
0.110.240.13
207817.6513.55-4.10
----
0.110.240.13
207917.6813.56-4.13
----
0.110.240.13
208017.7213.56-4.16
----
0.110.240.13
208117.7513.56-4.19
----
0.110.240.13
208217.7913.56-4.23
----
0.110.240.13
208317.8313.57-4.26
----
0.110.240.13
208417.8713.57-4.30
----
0.120.240.13
208517.9113.57-4.34
----
0.120.240.13
208617.9513.57-4.38
----
0.120.240.13
208717.9913.58-4.41
----
0.120.240.13



 

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 2012 Trustees Report.
2012-2086 16.73% 14.22% -2.51%
2034
0.04% 0.20% 0.15%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013