OASDHI Annual Income Rates, Cost Rates, and Balances, Intermediate Assumptions

Table VI.F2.-- Estimated OASDI and HI Annual Income Rates, Cost Rates, and Balances, ¹Calendar Years 2003-80
Intermediate Assumptions
[As a percentage of taxable payroll ¹]
Calendar year	Income rate	Cost rate	Balance	Income rate	Cost rate	Balance	Income rate	Cost rate	Balance
	OASDI			HI			Combined

2003	12.70	10.89	1.81	3.05	2.92	0.13	15.76	13.81	1.94
2004	12.69	10.82	1.88	3.06	2.92	.15	15.76	13.73	2.02
2005	12.70	10.73	1.97	3.07	2.90	.17	15.77	13.63	2.14
2006	12.70	10.65	2.05	3.07	2.89	.17	15.77	13.55	2.22
2007	12.72	10.67	2.05	3.08	2.90	.18	15.79	13.57	2.23
2008	12.73	10.73	2.00	3.09	2.92	.17	15.82	13.65	2.17
2009	12.74	10.84	1.90	3.10	2.96	.14	15.84	13.80	2.04
2010	12.76	10.99	1.78	3.11	3.00	.10	15.87	13.99	1.88
2011	12.80	11.16	1.64	3.13	3.06	.07	15.93	14.22	1.71
2012	12.82	11.37	1.45	3.14	3.11	.03	15.96	14.49	1.48
2013	12.84	11.62	1.22	3.15	3.17	-.02	15.99	14.79	1.20
2014	12.86	11.89	.97	3.16	3.24	-.08	16.02	15.13	.89
2015	12.88	12.18	.70	3.17	3.31	-.14	16.05	15.49	.56
2016	12.90	12.50	.40	3.18	3.40	-.22	16.08	15.90	.18
2017	12.92	12.84	.08	3.19	3.49	-.30	16.11	16.33	-.22
2018	12.94	13.20	-.25	3.20	3.58	-.38	16.15	16.78	-.63
2019	12.96	13.55	-.58	3.22	3.68	-.47	16.18	17.23	-1.05
2020	12.99	13.92	-.93	3.23	3.79	-.56	16.21	17.70	-1.49
2021	13.01	14.30	-1.29	3.24	3.89	-.66	16.25	18.19	-1.95
2022	13.03	14.66	-1.63	3.25	4.01	-.76	16.28	18.68	-2.39
2023	13.05	14.99	-1.94	3.26	4.14	-.88	16.31	19.13	-2.81
2024	13.07	15.31	-2.24	3.27	4.27	-.99	16.34	19.57	-3.23
2025	13.09	15.61	-2.52	3.28	4.39	-1.11	16.37	20.01	-3.63
2026	13.11	15.90	-2.79	3.29	4.52	-1.23	16.40	20.42	-4.02
2027	13.13	16.18	-3.05	3.30	4.66	-1.35	16.43	20.83	-4.41
2028	13.14	16.44	-3.29	3.31	4.81	-1.49	16.45	21.24	-4.79
2029	13.16	16.67	-3.51	3.32	4.95	-1.64	16.48	21.63	-5.15
2030	13.18	16.88	-3.70	3.33	5.10	-1.78	16.50	21.98	-5.48
2031	13.19	17.06	-3.87	3.33	5.25	-1.91	16.52	22.30	-5.78
2032	13.20	17.21	-4.01	3.34	5.39	-2.05	16.54	22.61	-6.07
2033	13.21	17.34	-4.13	3.34	5.54	-2.19	16.56	22.88	-6.32
2034	13.22	17.45	-4.23	3.35	5.68	-2.33	16.57	23.13	-6.56
2035	13.23	17.54	-4.31	3.35	5.81	-2.46	16.58	23.35	-6.77
2036	13.24	17.61	-4.37	3.36	5.95	-2.59	16.59	23.56	-6.96
2037	13.24	17.66	-4.42	3.36	6.08	-2.72	16.60	23.74	-7.14
2038	13.25	17.70	-4.46	3.36	6.21	-2.84	16.61	23.91	-7.30
2039	13.25	17.73	-4.48	3.36	6.33	-2.97	16.61	24.06	-7.45
2040	13.26	17.76	-4.50	3.36	6.46	-3.09	16.62	24.21	-7.59
2041	13.26	17.78	-4.52	3.37	6.58	-3.21	16.62	24.36	-7.73
2042	13.26	17.80	-4.54	3.37	6.70	-3.33	16.63	24.50	-7.87
2043	13.27	17.83	-4.57	3.37	6.81	-3.44	16.63	24.65	-8.01
2044	13.27	17.87	-4.60	3.37	6.93	-3.56	16.64	24.79	-8.15
2045	13.27	17.91	-4.63	3.37	7.04	-3.67	16.64	24.94	-8.30
2046	13.28	17.95	-4.68	3.37	7.15	-3.78	16.65	25.10	-8.45
2047	13.28	18.01	-4.72	3.37	7.26	-3.88	16.66	25.26	-8.61
2048	13.29	18.06	-4.77	3.38	7.37	-3.99	16.66	25.43	-8.76
2049	13.29	18.12	-4.83	3.38	7.48	-4.10	16.67	25.60	-8.92
2050	13.30	18.18	-4.89	3.38	7.58	-4.20	16.68	25.77	-9.09
2051	13.30	18.26	-4.95	3.38	7.69	-4.31	16.69	25.95	-9.26
2052	13.31	18.33	-5.03	3.39	7.80	-4.41	16.69	26.14	-9.44
2053	13.31	18.41	-5.10	3.39	7.91	-4.53	16.70	26.33	-9.62
2054	13.32	18.49	-5.17	3.39	8.03	-4.64	16.71	26.52	-9.81
2055	13.32	18.57	-5.24	3.39	8.16	-4.76	16.72	26.72	-10.00
2056	13.33	18.64	-5.31	3.40	8.28	-4.88	16.73	26.92	-10.19
2057	13.34	18.71	-5.37	3.40	8.41	-5.01	16.73	27.11	-10.38
2058	13.34	18.77	-5.43	3.40	8.53	-5.13	16.74	27.31	-10.56
2059	13.34	18.83	-5.48	3.40	8.66	-5.26	16.75	27.49	-10.75
2060	13.35	18.88	-5.53	3.41	8.80	-5.40	16.75	27.68	-10.93
2061	13.35	18.93	-5.58	3.41	8.94	-5.53	16.76	27.87	-11.11
2062	13.36	18.99	-5.63	3.41	9.08	-5.67	16.77	28.06	-11.30
2063	13.36	19.04	-5.68	3.41	9.22	-5.81	16.77	28.26	-11.49
2064	13.36	19.10	-5.73	3.41	9.37	-5.96	16.78	28.47	-11.69
2065	13.37	19.15	-5.79	3.41	9.53	-6.11	16.78	28.68	-11.90
2066	13.37	19.21	-5.84	3.42	9.69	-6.27	16.79	28.90	-12.11
2067	13.38	19.28	-5.90	3.42	9.84	-6.43	16.79	29.12	-12.33
2068	13.38	19.34	-5.96	3.42	10.01	-6.59	16.80	29.35	-12.55
2069	13.38	19.40	-6.02	3.42	10.17	-6.75	16.80	29.58	-12.77
2070	13.39	19.47	-6.08	3.42	10.34	-6.92	16.81	29.81	-13.00
2071	13.39	19.53	-6.14	3.42	10.51	-7.09	16.82	30.05	-13.23
2072	13.40	19.60	-6.20	3.43	10.68	-7.25	16.82	30.28	-13.45
2073	13.40	19.66	-6.26	3.43	10.85	-7.42	16.83	30.51	-13.68
2074	13.40	19.73	-6.32	3.43	11.01	-7.58	16.83	30.74	-13.91
2075	13.41	19.79	-6.38	3.43	11.19	-7.75	16.84	30.98	-14.14
2076	13.41	19.85	-6.44	3.43	11.36	-7.92	16.85	31.21	-14.37
2077	13.42	19.92	-6.50	3.44	11.53	-8.09	16.85	31.44	-14.59
2078	13.42	19.98	-6.56	3.44	11.72	-8.28	16.86	31.69	-14.84
2079	13.42	20.03	-6.61	3.44	11.91	-8.47	16.86	31.94	-15.08
2080	13.43	20.09	-6.67	3.44	12.10	-8.66	16.87	32.20	-15.33

¹ The taxable payroll for HI is significantly larger than the taxable payroll for OASDI because the HI taxable maximum amount was eliminated beginning 1994, and because HI covers all Federal civilian employees, including those hired before 1984, all State and local government employees hired after April 1, 1986, and railroad employees. Combined OASDI and HI rates are computed as the sum of the separately derived rates for each program.

Notes:
1. The income rate excludes interest income and certain transfers from the general fund of the Treasury.
2. Totals do not necessarily equal the sums of rounded components.


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