------------------------------------------------------------------------------- OASDI HI Combined --------------------- --------------------- --------------------- Calendar Income Cost Bal- Income Cost Bal- Income Cost Bal- year rate rate ance rate rate ance rate rate ance ------------------------------------------------------------------------------- Intermediate: 1996...... 12.63 11.64 0.98 3.02 3.54 -0.52 15.64 15.18 0.46 1997...... 12.63 11.69 .94 3.02 3.68 -.67 15.65 15.38 .27 1998...... 12.63 11.72 .92 3.02 3.83 -.81 15.65 15.55 .11 1999...... 12.64 11.77 .87 3.02 3.97 -.95 15.66 15.74 -.08 2000...... 12.65 11.84 .81 3.02 4.10 -1.07 15.67 15.93 -.26 2001...... 12.65 11.89 .76 3.03 4.21 -1.19 15.68 16.10 -.43 2002...... 12.66 11.93 .72 3.03 4.31 -1.29 15.68 16.25 -.57 2003...... 12.66 11.97 .69 3.03 4.41 -1.38 15.69 16.38 -.69 2004...... 12.67 12.03 .64 3.03 4.50 -1.47 15.70 16.53 -.83 2005...... 12.67 12.07 .61 3.03 4.59 -1.56 15.71 16.66 -.95 2010...... 12.74 12.46 .29 3.07 5.07 -2.01 15.81 17.53 -1.72 2015...... 12.84 13.50 -.66 3.12 5.78 -2.66 15.96 19.27 -3.32 2020...... 12.94 14.95 -2.02 3.17 6.67 -3.49 16.11 21.62 -5.51 2025...... 13.03 16.20 -3.17 3.22 7.58 -4.35 16.25 23.78 -7.53 2030...... 13.10 17.08 -3.98 3.27 8.52 -5.25 16.37 25.60 -9.23 2035...... 13.15 17.38 -4.23 3.29 9.25 -5.95 16.45 26.62 -10.18 2040...... 13.17 17.29 -4.12 3.31 9.74 -6.43 16.48 27.03 -10.55 2045...... 13.19 17.31 -4.12 3.32 10.08 -6.76 16.51 27.39 -10.88 2050...... 13.21 17.51 -4.30 3.33 10.34 -7.01 16.55 27.85 -11.31 2055...... 13.25 17.92 -4.67 3.35 10.58 -7.23 16.60 28.50 -11.90 2060...... 13.28 18.31 -5.03 3.37 10.90 -7.53 16.65 29.21 -12.56 2065...... 13.30 18.59 -5.29 3.38 11.32 -7.94 16.69 29.92 -13.23 2070...... 13.32 18.83 -5.51 3.40 11.78 -8.38 16.72 30.61 -13.89 Low Cost: 1996...... 12.62 11.52 1.10 3.01 3.51 -.50 15.64 15.03 .61 1997...... 12.62 11.36 1.26 3.01 3.59 -.58 15.64 14.96 .68 1998...... 12.62 11.20 1.42 3.01 3.67 -.66 15.64 14.88 .76 1999...... 12.63 11.06 1.56 3.01 3.74 -.73 15.64 14.80 .84 2000...... 12.61 10.94 1.67 3.01 3.80 -.78 15.63 14.74 .89 2001...... 12.63 10.85 1.78 3.01 3.85 -.83 15.64 14.70 .95 2002...... 12.63 10.76 1.88 3.02 3.88 -.87 15.65 14.64 1.01 2003...... 12.64 10.69 1.94 3.02 3.92 -.90 15.65 14.61 1.04 2004...... 12.64 10.63 2.01 3.02 3.95 -.93 15.66 14.58 1.08 2005...... 12.64 10.58 2.06 3.02 3.96 -.95 15.66 14.54 1.12 2010...... 12.70 10.79 1.91 3.05 4.08 -1.03 15.75 14.87 .87 2015...... 12.78 11.67 1.11 3.09 4.30 -1.21 15.87 15.98 -.11 2020...... 12.86 12.84 .02 3.14 4.60 -1.46 15.99 17.44 -1.44 2025...... 12.93 13.75 -.82 3.18 4.76 -1.58 16.11 18.51 -2.40 2030...... 12.98 14.23 -1.25 3.21 4.98 -1.77 16.19 19.21 -3.02 2035...... 13.00 14.15 -1.15 3.22 5.14 -1.92 16.23 19.30 -3.07 2040...... 13.01 13.73 -.73 3.23 5.26 -2.04 16.23 18.99 -2.76 2045...... 13.01 13.41 -.40 3.23 5.40 -2.17 16.23 18.81 -2.57 2050...... 13.01 13.27 -.25 3.23 5.53 -2.30 16.24 18.79 -2.55 2055...... 13.02 13.27 -.25 3.24 5.66 -2.42 16.26 18.93 -2.67 2060...... 13.03 13.26 -.22 3.24 5.83 -2.59 16.28 19.09 -2.81 2065...... 13.04 13.18 -.14 3.25 6.06 -2.81 16.28 19.24 -2.95 2070...... 13.04 13.12 -.08 3.25 6.30 -3.06 16.29 19.42 -3.13 High Cost: 1996...... 12.63 11.85 .78 3.02 3.59 -.57 15.65 15.44 .21 1997...... 12.64 12.18 .46 3.02 3.84 -.81 15.66 16.02 -.36 1998...... 12.64 12.09 .55 3.03 4.00 -.97 15.67 16.09 -.43 1999...... 12.65 12.52 .14 3.03 4.21 -1.18 15.69 16.73 -1.04 2000...... 12.70 13.03 -.32 3.04 4.46 -1.42 15.74 17.48 -1.74 2001...... 12.68 13.12 -.44 3.04 4.63 -1.59 15.72 17.75 -2.03 2002...... 12.68 13.24 -.56 3.04 4.80 -1.75 15.73 18.04 -2.31 2003...... 12.69 13.38 -.69 3.05 4.98 -1.93 15.74 18.36 -2.62 2004...... 12.70 13.56 -.86 3.05 5.16 -2.11 15.75 18.72 -2.97 2005...... 12.71 13.72 -1.02 3.05 5.34 -2.28 15.76 19.06 -3.30 2010...... 12.80 14.27 -1.47 3.10 6.37 -3.28 15.89 20.64 -4.75 2015...... 12.91 15.42 -2.51 3.15 7.88 -4.73 16.06 23.30 -7.24 2020...... 13.03 17.22 -4.19 3.22 9.90 -6.69 16.25 27.12 -10.88 2025...... 13.15 18.93 -5.78 3.29 12.33 -9.04 16.43 31.26 -14.83 2030...... 13.25 20.35 -7.09 3.35 14.86 -11.51 16.60 35.20 -18.61 2035...... 13.33 21.24 -7.92 3.39 16.94 -13.55 16.72 38.19 -21.46 2040...... 13.38 21.82 -8.44 3.43 18.40 -14.97 16.81 40.21 -23.40 2045...... 13.44 22.53 -9.09 3.46 19.20 -15.74 16.89 41.73 -24.83 2050...... 13.50 23.46 -9.97 3.49 19.66 -16.17 16.99 43.13 -26.14 2055...... 13.57 24.68 -11.11 3.54 20.12 -16.58 17.11 44.80 -27.69 2060...... 13.65 25.93 -12.28 3.58 20.75 -17.17 17.23 46.68 -29.45 2065...... 13.72 27.03 -13.31 3.62 21.55 -17.93 17.34 48.59 -31.24 2070...... 13.78 28.02 -14.24 3.66 22.43 -18.77 17.44 50.45 -33.01 ------------------------------------------------------------------------------- 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 as a percent of taxable payroll are computed as the sum of the rates for the separate programs. 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.
List of Tables * Previous Table * Next Table