Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2021. Do not provide 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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2013	13.95	12.69	-1.26	330	0.00	0.00	0.00
2014	14.04	12.83	-1.20	315	0.00	0.00	0.00
2015	13.97	12.86	-1.10	301	0.00	0.00	0.00
2016	13.91	12.88	-1.03	286	0.00	0.00	0.00
2017	13.88	12.90	-0.98	271	0.00	0.00	0.00
2018	13.91	12.93	-0.98	257	0.00	0.00	0.00
2019	14.06	12.95	-1.11	244	0.00	0.00	0.00
2020	14.26	12.97	-1.29	231	0.00	0.00	0.00
2021	14.44	13.27	-1.18	218	0.00	0.27	0.27
2022	14.70	13.31	-1.39	205	0.00	0.28	0.28
2023	14.97	13.33	-1.64	192	0.00	0.28	0.28
2024	15.23	13.34	-1.89	179	0.00	0.28	0.29
2025	15.48	13.36	-2.12	165	0.00	0.28	0.29
2026	15.71	13.37	-2.34	151	0.00	0.29	0.29
2027	15.93	13.38	-2.54	136	0.00	0.29	0.29
2028	16.13	13.40	-2.74	120	0.00	0.29	0.29
2029	16.32	13.41	-2.92	104	0.00	0.29	0.29
2030	16.49	13.42	-3.07	87	0.00	0.29	0.29
2031	16.63	13.43	-3.21	69	0.00	0.29	0.29
2032	16.75	13.43	-3.32	51	0.00	0.29	0.29
2033	16.86	13.44	-3.41	32	0.00	0.29	0.29
2034	16.93	13.45	-3.49	13	0.00	0.29	0.29
2035	16.98	13.45	-3.53	----	0.00	0.29	0.29
2036	17.01	13.45	-3.55	----	0.00	0.29	0.29
2037	17.02	13.46	-3.56	----	0.00	0.29	0.29
2038	17.02	13.46	-3.56	----	0.00	0.29	0.29
2039	16.99	13.46	-3.53	----	0.00	0.29	0.29
2040	16.96	13.46	-3.50	----	0.00	0.29	0.29
2041	16.93	13.46	-3.47	----	0.00	0.29	0.29
2042	16.89	13.46	-3.43	----	0.00	0.29	0.29
2043	16.86	13.46	-3.40	----	0.00	0.29	0.29
2044	16.84	13.46	-3.38	----	0.00	0.29	0.29
2045	16.82	13.46	-3.37	----	0.00	0.29	0.29
2046	16.81	13.46	-3.36	----	0.00	0.29	0.29
2047	16.80	13.46	-3.35	----	0.00	0.29	0.29
2048	16.79	13.46	-3.33	----	-0.01	0.29	0.29
2049	16.78	13.46	-3.32	----	-0.01	0.29	0.29
2050	16.78	13.46	-3.32	----	-0.01	0.29	0.29
2051	16.79	13.46	-3.33	----	-0.01	0.29	0.29
2052	16.80	13.46	-3.34	----	-0.01	0.29	0.29
2053	16.83	13.46	-3.37	----	-0.01	0.29	0.29
2054	16.86	13.47	-3.40	----	-0.01	0.29	0.30
2055	16.90	13.47	-3.43	----	-0.01	0.29	0.30
2056	16.95	13.47	-3.48	----	-0.01	0.29	0.30
2057	17.00	13.47	-3.52	----	-0.01	0.29	0.30
2058	17.04	13.48	-3.56	----	-0.01	0.29	0.30
2059	17.09	13.48	-3.61	----	-0.01	0.29	0.30
2060	17.13	13.48	-3.65	----	-0.01	0.29	0.30
2061	17.18	13.49	-3.69	----	-0.01	0.29	0.30
2062	17.22	13.49	-3.73	----	-0.01	0.29	0.30
2063	17.26	13.49	-3.77	----	-0.01	0.29	0.30
2064	17.30	13.50	-3.81	----	-0.01	0.29	0.30
2065	17.35	13.50	-3.85	----	-0.01	0.29	0.30
2066	17.39	13.50	-3.89	----	-0.01	0.29	0.30
2067	17.44	13.50	-3.94	----	-0.01	0.29	0.30
2068	17.48	13.51	-3.98	----	-0.01	0.29	0.30
2069	17.53	13.51	-4.02	----	-0.01	0.29	0.30
2070	17.57	13.51	-4.06	----	-0.01	0.29	0.30
2071	17.61	13.51	-4.10	----	-0.01	0.29	0.30
2072	17.65	13.52	-4.13	----	-0.01	0.29	0.30
2073	17.67	13.52	-4.15	----	-0.01	0.29	0.30
2074	17.69	13.52	-4.17	----	-0.01	0.29	0.30
2075	17.71	13.52	-4.19	----	-0.01	0.29	0.30
2076	17.72	13.52	-4.20	----	-0.01	0.29	0.30
2077	17.72	13.52	-4.20	----	-0.01	0.29	0.30
2078	17.73	13.52	-4.21	----	-0.01	0.29	0.30
2079	17.74	13.52	-4.21	----	-0.01	0.29	0.30
2080	17.75	13.53	-4.22	----	-0.01	0.29	0.30
2081	17.77	13.53	-4.24	----	-0.01	0.29	0.30
2082	17.79	13.53	-4.26	----	-0.01	0.29	0.30
2083	17.82	13.53	-4.29	----	-0.01	0.29	0.30
2084	17.86	13.53	-4.33	----	-0.01	0.29	0.31
2085	17.90	13.53	-4.37	----	-0.01	0.29	0.31
2086	17.95	13.54	-4.41	----	-0.01	0.29	0.31
2087	18.00	13.54	-4.46	----	-0.01	0.29	0.31
2088	18.05	13.54	-4.51	----	-0.01	0.29	0.31

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2013 Trustees Report.
2013-2087	16.59%	14.13%	-2.46%	2034	-0.00%	0.25%	0.25%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


	Privacy Policy \| Website Policies & Other Important Information \| Site Map Last reviewed or modified September 11, 2013

Detailed Single Year Tables

Description of Proposed Provision: Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2021. Do not provide benefit credit for additional earnings taxed.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2021. Do not provide benefit credit for additional earnings taxed.