Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005

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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos
and Richard B. Tucker

IV.4.—Income from Taxation of OASI and DI Benefits
(Calendar years 1984-2004, and calendar quarters 2005-14)
[Amounts in millions]
Calendar
period
OASI Trust Fund
DI Trust Fund
Total taxes
credited to OASDI
Trust Funds
Total
benefits
Fraction
taxable
(percent)
Average
tax rate
(percent)
Tax
liability
Prior
period
adjustment
Taxes
credited to trust fund
Total
benefits
Fraction
taxable
(percent)
Average
tax rate
(percent)
Tax
liability
Prior
period
adjustment
Taxes
credited to trust fund
1984
$157,862.0
4.780
36.5
$2,754.0
...
$2,754.0
$17,900.1
2.943
35.3
$186.0
...
$186.0
$2,940.0
1985
167,359.6
5.273
35.5
3,133.0
...
3,133.0
18,835.9
3.317
35.0
218.0
...
218.0
3,351.0
1986
176,844.4
5.852
32.4
3,353.0
...
3,353.0
19,846.8
3.707
31.8
234.0
...
234.0
3,587.0
1987
183,644.1
6.492
25.9
3,088.0
$102.0
3,190.0
20,511.5
3.006
25.3
156.0
-$195.0
-39.0
3,151.0
1988
195,521.7
6.830
24.6
3,285.0
29.0
3,314.0
21,692.2
3.468
23.0
173.0
-116.0
57.0
3,371.0
1989
207,977.0
7.547
24.0
3,767.0
-1,401.0
2,366.0
22,873.4
3.313
22.3
169.0
-78.0
91.0
2,457.0
1990
222,992.9
8.520
23.4
4,446.0
326.0
4,772.0
24,803.3
3.579
20.5
182.0
-42.0
140.0
4,912.0
1991
240,436.2
9.736
22.9
5,351.0
433.0
5,784.0
27,661.7
3.635
19.9
200.0
-14.0
186.0
5,970.0
1992
254,939.4
10.026
22.4
5,728.0
47.0
5,775.0
31,091.2
3.858
19.3
231.0
-3.0
228.0
6,003.0
1993
267,804.5
9.691
22.4
5,816.0
-560.0
5,256.0
34,597.7
4.032
19.2
268.0
9.0
277.0
5,533.0
1994
279,117.7
9.221
22.3
5,729.0
-814.0
4,915.0
37,716.8
4.086
19.5
301.0
6.0
307.0
5,222.0
1995
291,682.3
9.091
22.4
5,929.0
-574.0
5,355.0
40,898.2
4.199
19.4
333.0
1.0
334.0
5,689.0
1996
302,914.4
9.350
22.2
6,279.0
...
6,279.0
44,173.9
4.423
18.6
364.0
...
364.0
6,643.0
1997
316,311.1
10.865
22.0
7,561.0
-334.0
7,227.0
45,659.3
5.446
18.4
458.0
3.0
461.0
7,688.0
1998
326,817.3
12.527
22.0
9,003.0
...
9,003.0
48,173.4
6.238
18.4
552.0
...
552.0
9,555.0
1999
334,437.2
12.744
21.6
9,219.0
1,543.0
10,762.0
51,331.0
6.170
18.1
572.0
83.0
655.0
11,417.0
2000
352,706.5
13.145
22.5
10,445.0
1,010.0
11,455.0
54,938.3
6.400
18.8
662.0
53.0
715.0
12,170.0
2001
372,369.7
14.891
21.6
11,982.0
-217.0
11,765.0
59,579.3
7.580
18.2
822.0
-16.0
806.0
12,571.0
2002
388,170.0
15.842
20.4
12,574.0
189.0
12,763.0
65,645.5
7.650
18.0
902.0
22.0
924.0
13,687.0
2003
399,892.0
15.418
18.6
11,466.0
885.0
12,351.0
70,905.7
7.316
16.4
851.0
88.0
939.0
13,290.0
2004
415,082.0
16.650
18.6
12,831.0
1,614.0
14,445.0
78,202.3
7.974
16.3
1,017.0
88.0
1,105.0
15,550.0
2005-I
107,612.5
18.130
18.5
3,605.0
...
3,605.0
20,654.9
8.727
16.3
293.0
...
293.0
3,898.0
2005-II
108,197.2
16.965
18.5
3,391.8
...
3,391.8
20,846.6
7.859
16.3
266.3
...
266.3
3,658.1
2005-III
108,496.4
16.965
18.5
3,401.1
...
3,401.1
21,036.1
7.859
16.3
268.7
...
268.7
3,669.9
2005-IV
109,412.2
16.965
18.5
3,429.8
...
3,429.8
21,272.8
7.859
16.3
271.7
...
271.7
3,701.6
2006-I
111,501.5
17.628
18.9
3,713.9
...
3,713.9
21,902.2
8.274
16.6
301.5
...
301.5
4,015.4
2006-II
112,210.4
17.628
18.9
3,737.5
...
3,737.5
22,115.6
8.274
16.6
304.4
...
304.4
4,041.9
2006-III
112,634.2
17.628
18.9
3,751.6
...
3,751.6
22,302.9
8.274
16.6
307.0
...
307.0
4,058.6
2006-IV
113,740.7
17.628
18.9
3,788.5
...
3,788.5
22,538.2
8.274
16.6
310.2
...
310.2
4,098.7
2007-I
116,275.4
18.428
19.0
4,070.3
...
4,070.3
23,348.7
8.671
16.7
337.1
...
337.1
4,407.4
2007-II
117,117.3
18.428
19.0
4,099.8
...
4,099.8
23,557.5
8.671
16.7
340.1
...
340.1
4,439.9
2007-III
117,642.7
18.428
19.0
4,118.2
...
4,118.2
23,739.6
8.671
16.7
342.7
...
342.7
4,460.9
2007-IV
118,934.4
18.428
19.0
4,163.4
...
4,163.4
23,971.6
8.671
16.7
346.1
...
346.1
4,509.5
2008-I
122,267.4
19.964
19.6
4,784.3
...
4,784.3
24,946.2
9.486
17.3
410.0
...
410.0
5,194.3
2008-II
123,253.2
19.964
19.6
4,822.8
...
4,822.8
25,162.9
9.486
17.3
413.6
...
413.6
5,236.4
2008-III
123,899.3
19.964
19.6
4,848.1
...
4,848.1
25,351.0
9.486
17.3
416.7
...
416.7
5,264.8
2008-IV
125,418.5
19.964
19.6
4,907.6
...
4,907.6
25,592.3
9.486
17.3
420.7
...
420.7
5,328.2
2009-I
129,221.5
19.256
19.4
4,817.6
...
4,817.6
27,059.8
9.296
17.1
429.9
...
429.9
5,247.5
2009-II
130,450.9
19.256
19.4
4,863.4
...
4,863.4
27,266.1
9.296
17.1
433.2
...
433.2
5,296.6
2009-III
131,313.5
19.256
19.4
4,895.6
...
4,895.6
27,440.9
9.296
17.1
436.0
...
436.0
5,331.5
2009-IV
133,173.4
19.256
19.4
4,964.9
...
4,964.9
27,668.4
9.296
17.1
439.6
...
439.6
5,404.5
2010-I
137,296.7
19.839
19.6
5,336.0
...
5,336.0
28,390.3
9.776
17.4
483.6
...
483.6
5,819.5
2010-II
138,655.0
19.839
19.6
5,388.8
...
5,388.8
28,597.9
9.776
17.4
487.1
...
487.1
5,875.9
2010-III
139,666.2
19.839
19.6
5,428.1
...
5,428.1
28,772.4
9.776
17.4
490.1
...
490.1
5,918.1
2010-IV
141,816.8
19.839
19.6
5,511.7
...
5,511.7
29,026.6
9.776
17.4
494.4
...
494.4
6,006.1
2011-I
146,427.5
20.335
21.2
6,309.5
...
6,309.5
29,809.0
10.251
18.8
574.9
...
574.9
6,884.4
2011-II
147,949.3
20.335
21.2
6,375.1
...
6,375.1
30,025.5
10.251
18.8
579.1
...
579.1
6,954.2
2011-III
149,067.4
20.335
21.2
6,423.3
...
6,423.3
30,206.9
10.251
18.8
582.6
...
582.6
7,005.9
2011-IV
151,463.2
20.335
21.2
6,526.5
...
6,526.5
30,469.6
10.251
18.8
587.6
...
587.6
7,114.2
2012-I
156,426.7
20.991
21.4
7,033.7
...
7,033.7
31,791.4
10.893
19.0
658.6
...
658.6
7,692.3
2012-II
158,169.6
20.991
21.4
7,112.1
...
7,112.1
31,988.6
10.893
19.0
662.7
...
662.7
7,774.8
2012-III
159,487.8
20.991
21.4
7,171.3
...
7,171.3
32,149.6
10.893
19.0
666.1
...
666.1
7,837.4
2012-IV
162,225.1
20.991
21.4
7,294.4
...
7,294.4
32,394.4
10.893
19.0
671.1
...
671.1
7,965.5
2013-I
167,626.5
21.568
21.6
7,793.7
...
7,793.7
33,577.4
11.616
19.1
746.5
...
746.5
8,540.1
2013-II
169,522.2
21.568
21.6
7,881.8
...
7,881.8
33,761.3
11.616
19.1
750.6
...
750.6
8,632.4
2013-III
170,980.3
21.568
21.6
7,949.6
...
7,949.6
33,907.9
11.616
19.1
753.8
...
753.8
8,703.4
2013-IV
174,025.6
21.568
21.6
8,091.2
...
8,091.2
34,144.1
11.616
19.1
759.1
...
759.1
8,850.3
2014-I
179,813.8
21.578
21.7
8,403.7
...
8,403.7
35,435.1
11.621
19.2
791.9
...
791.9
9,195.6
2014-II
181,811.1
21.578
21.7
8,497.1
...
8,497.1
35,637.9
11.621
19.2
796.4
...
796.4
9,293.5
2014-III
183,364.3
21.578
21.7
8,569.7
...
8,569.7
35,800.3
11.621
19.2
800.0
...
800.0
9,369.7
2014-IV
186,676.3
21.578
21.7
8,724.5
...
8,724.5
36,056.8
11.621
19.2
805.8
...
805.8
9,530.2

Sources:

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.

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