Detailed Single Year Tables

Level of OASDI Contribution and Benefit Base	Description of Proposed Provision: Impose a 3 percent payroll tax on OASDI covered earnings above the current taxable maximum starting in 2009. Benefit computations would not reflect any earnings above the taxable maximum amount.

Financial Estimates for the OASDI Trust Fund Program
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	With this provision	Present law	Percentage increase
	Percentage of taxable payroll			Trust fund ratio as of January 1	OASDI taxable payroll (in billions of dollars)
2008	11.20	12.77	1.57	359	5,567	5,567	0.0
2009	10.76	12.79	2.03	369	6,134	5,859	4.7
2010	10.86	12.81	1.95	383	6,445	6,155	4.7
2011	11.01	12.82	1.81	396	6,752	6,449	4.7
2012	11.23	12.85	1.62	406	7,064	6,746	4.7
2013	11.49	12.88	1.39	413	7,388	7,055	4.7
2014	11.76	12.89	1.13	418	7,723	7,373	4.7
2015	12.04	12.92	0.87	421	8,067	7,701	4.8
2016	12.34	12.94	0.60	421	8,423	8,039	4.8
2017	12.63	12.96	0.32	420	8,792	8,390	4.8
2018	12.92	12.98	0.06	418	9,179	8,759	4.8
2019	13.20	13.00	-0.21	414	9,581	9,142	4.8
2020	13.49	13.02	-0.47	408	9,997	9,539	4.8
2021	13.76	13.03	-0.72	402	10,430	9,952	4.8
2022	14.01	13.05	-0.96	395	10,880	10,381	4.8
2023	14.26	13.07	-1.20	387	11,348	10,827	4.8
2024	14.50	13.08	-1.42	378	11,837	11,293	4.8
2025	14.72	13.10	-1.63	368	12,344	11,777	4.8
2026	14.93	13.11	-1.83	357	12,875	12,284	4.8
2027	15.14	13.12	-2.01	345	13,427	12,810	4.8
2028	15.33	13.14	-2.19	333	14,004	13,360	4.8
2029	15.50	13.15	-2.35	319	14,609	13,937	4.8
2030	15.65	13.16	-2.49	306	15,241	14,539	4.8
2031	15.78	13.17	-2.61	292	15,904	15,172	4.8
2032	15.89	13.17	-2.71	277	16,598	15,833	4.8
2033	15.97	13.18	-2.79	263	17,327	16,528	4.8
2034	16.03	13.19	-2.84	248	18,092	17,257	4.8
2035	16.06	13.19	-2.87	233	18,889	18,017	4.8
2036	16.09	13.19	-2.90	218	19,721	18,810	4.8
2037	16.10	13.20	-2.90	203	20,591	19,640	4.8
2038	16.09	13.20	-2.90	188	21,503	20,509	4.8
2039	16.07	13.20	-2.87	173	22,458	21,420	4.8
2040	16.04	13.20	-2.84	158	23,458	22,373	4.8
2041	16.00	13.20	-2.80	143	24,501	23,368	4.8
2042	15.96	13.19	-2.77	128	25,592	24,408	4.9
2043	15.92	13.19	-2.73	112	26,731	25,494	4.9
2044	15.88	13.19	-2.69	97	27,923	26,630	4.9
2045	15.85	13.19	-2.66	82	29,163	27,812	4.9
2046	15.82	13.19	-2.63	66	30,454	29,043	4.9
2047	15.80	13.19	-2.61	51	31,801	30,327	4.9
2048	15.78	13.19	-2.59	35	33,206	31,666	4.9
2049	15.76	13.19	-2.57	19	34,670	33,062	4.9
2050	15.75	13.19	-2.56	3	36,194	34,514	4.9
2051	15.75	13.19	-2.56	----	37,782	36,028	4.9
2052	15.76	13.19	-2.57	----	39,444	37,612	4.9
2053	15.77	13.19	-2.57	----	41,180	39,267	4.9
2054	15.78	13.19	-2.58	----	42,991	40,993	4.9
2055	15.80	13.20	-2.60	----	44,879	42,793	4.9
2056	15.82	13.20	-2.62	----	46,845	44,666	4.9
2057	15.84	13.20	-2.64	----	48,900	46,625	4.9
2058	15.87	13.20	-2.66	----	51,046	48,670	4.9
2059	15.89	13.20	-2.69	----	53,291	50,809	4.9
2060	15.91	13.21	-2.71	----	55,630	53,039	4.9
2061	15.94	13.21	-2.73	----	58,069	55,363	4.9
2062	15.96	13.21	-2.75	----	60,620	57,794	4.9
2063	15.98	13.21	-2.77	----	63,282	60,331	4.9
2064	16.01	13.21	-2.80	----	66,063	62,981	4.9
2065	16.04	13.21	-2.82	----	68,964	65,746	4.9
2066	16.07	13.22	-2.85	----	71,987	68,626	4.9
2067	16.10	13.22	-2.88	----	75,145	71,635	4.9
2068	16.13	13.22	-2.91	----	78,443	74,778	4.9
2069	16.16	13.22	-2.93	----	81,880	78,052	4.9
2070	16.19	13.22	-2.97	----	85,456	81,460	4.9
2071	16.23	13.23	-3.00	----	89,187	85,014	4.9
2072	16.27	13.23	-3.04	----	93,090	88,734	4.9
2073	16.30	13.23	-3.07	----	97,161	92,613	4.9
2074	16.34	13.23	-3.11	----	101,405	96,656	4.9
2075	16.38	13.24	-3.14	----	105,833	100,875	4.9
2076	16.42	13.24	-3.18	----	110,445	105,268	4.9
2077	16.46	13.24	-3.22	----	115,257	109,853	4.9
2078	16.50	13.24	-3.26	----	120,267	114,625	4.9
2079	16.54	13.25	-3.30	----	125,494	119,604	4.9
2080	16.59	13.25	-3.34	----	130,941	124,794	4.9
2081	16.63	13.25	-3.38	----	136,629	130,212	4.9
2082	16.68	13.25	-3.42	----	142,560	135,862	4.9
2083	16.72	13.26	-3.46	----	148,748	141,756	4.9
2084	16.76	13.26	-3.50	----	155,210	147,912	4.9
2085	16.80	13.26	-3.54	----	161,969	154,350	4.9

Summarized Rates
	Years	Cost rate	Income rate	Actuarial balance		Change in actuarial balance
	2008-2082	14.93%	13.87%	-1.06%		0.64%


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Detailed Single Year Tables

Description of Proposed Provision: Impose a 3 percent payroll tax on OASDI covered earnings above the current taxable maximum starting in 2009. Benefit computations would not reflect any earnings above the taxable maximum amount.

Description of Proposed Provision:
Impose a 3 percent payroll tax on OASDI covered earnings above the current taxable maximum starting in 2009. Benefit computations would not reflect any earnings above the taxable maximum amount.