Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2019. 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
2011	13.35	12.52	-0.82	353	0.00	0.00	0.00
2012	13.23	12.87	-0.36	347	0.00	0.00	0.00
2013	13.18	12.87	-0.31	341	0.00	0.00	0.00
2014	13.18	12.92	-0.27	334	0.00	0.00	0.00
2015	13.24	12.94	-0.30	328	0.00	0.00	0.00
2016	13.33	12.97	-0.36	321	0.00	0.00	0.00
2017	13.46	13.00	-0.46	314	0.00	0.00	0.00
2018	13.62	13.03	-0.59	306	0.00	0.00	0.00
2019	13.88	13.23	-0.65	296	0.00	0.19	0.19
2020	14.20	13.25	-0.94	286	0.00	0.19	0.19
2021	14.52	13.27	-1.24	274	0.00	0.19	0.19
2022	14.83	13.29	-1.54	263	0.00	0.19	0.19
2023	15.13	13.31	-1.81	250	0.00	0.19	0.19
2024	15.40	13.33	-2.08	236	0.00	0.19	0.19
2025	15.67	13.34	-2.33	222	0.00	0.19	0.20
2026	15.92	13.36	-2.57	207	0.00	0.19	0.20
2027	16.15	13.37	-2.77	191	0.00	0.19	0.20
2028	16.35	13.39	-2.96	175	0.00	0.19	0.20
2029	16.52	13.40	-3.12	158	0.00	0.20	0.20
2030	16.66	13.41	-3.25	140	0.00	0.20	0.20
2031	16.76	13.41	-3.35	122	0.00	0.20	0.20
2032	16.85	13.42	-3.43	103	0.00	0.20	0.20
2033	16.93	13.43	-3.50	84	0.00	0.20	0.20
2034	16.98	13.43	-3.54	65	0.00	0.20	0.20
2035	17.01	13.44	-3.57	45	0.00	0.20	0.20
2036	17.03	13.44	-3.59	25	0.00	0.20	0.20
2037	17.04	13.44	-3.59	4	0.00	0.20	0.20
2038	17.02	13.44	-3.57	----	0.00	0.20	0.20
2039	16.99	13.44	-3.54	----	0.00	0.20	0.20
2040	16.95	13.44	-3.51	----	0.00	0.20	0.20
2041	16.91	13.44	-3.47	----	0.00	0.20	0.20
2042	16.87	13.44	-3.43	----	0.00	0.20	0.20
2043	16.84	13.44	-3.39	----	0.00	0.20	0.20
2044	16.81	13.44	-3.37	----	0.00	0.20	0.20
2045	16.78	13.44	-3.34	----	0.00	0.20	0.20
2046	16.76	13.44	-3.31	----	0.00	0.20	0.20
2047	16.74	13.44	-3.29	----	0.00	0.20	0.20
2048	16.72	13.44	-3.27	----	0.00	0.20	0.20
2049	16.70	13.44	-3.26	----	0.00	0.20	0.20
2050	16.68	13.44	-3.24	----	0.00	0.20	0.20
2051	16.67	13.44	-3.23	----	0.00	0.20	0.20
2052	16.68	13.44	-3.23	----	-0.01	0.20	0.20
2053	16.68	13.44	-3.24	----	-0.01	0.20	0.20
2054	16.70	13.45	-3.25	----	-0.01	0.20	0.20
2055	16.71	13.45	-3.27	----	-0.01	0.20	0.20
2056	16.74	13.45	-3.29	----	-0.01	0.20	0.20
2057	16.76	13.45	-3.30	----	-0.01	0.20	0.20
2058	16.77	13.45	-3.32	----	-0.01	0.20	0.20
2059	16.79	13.46	-3.33	----	-0.01	0.20	0.20
2060	16.80	13.46	-3.34	----	-0.01	0.20	0.21
2061	16.81	13.46	-3.35	----	-0.01	0.20	0.21
2062	16.82	13.46	-3.36	----	-0.01	0.20	0.21
2063	16.83	13.46	-3.37	----	-0.01	0.20	0.21
2064	16.84	13.46	-3.38	----	-0.01	0.20	0.21
2065	16.86	13.46	-3.40	----	-0.01	0.20	0.21
2066	16.88	13.47	-3.42	----	-0.01	0.20	0.21
2067	16.91	13.47	-3.44	----	-0.01	0.20	0.21
2068	16.93	13.47	-3.46	----	-0.01	0.20	0.21
2069	16.96	13.47	-3.49	----	-0.01	0.20	0.21
2070	16.99	13.47	-3.52	----	-0.01	0.20	0.21
2071	17.03	13.48	-3.55	----	-0.01	0.20	0.21
2072	17.06	13.48	-3.58	----	-0.01	0.20	0.21
2073	17.10	13.48	-3.61	----	-0.01	0.20	0.21
2074	17.13	13.48	-3.65	----	-0.01	0.20	0.21
2075	17.17	13.49	-3.68	----	-0.01	0.20	0.21
2076	17.21	13.49	-3.72	----	-0.01	0.20	0.21
2077	17.24	13.49	-3.75	----	-0.01	0.20	0.21
2078	17.28	13.49	-3.78	----	-0.01	0.20	0.21
2079	17.32	13.50	-3.82	----	-0.01	0.20	0.21
2080	17.35	13.50	-3.85	----	-0.01	0.20	0.21
2081	17.39	13.50	-3.89	----	-0.01	0.20	0.21
2082	17.43	13.51	-3.92	----	-0.01	0.20	0.21
2083	17.47	13.51	-3.96	----	-0.01	0.20	0.21
2084	17.51	13.51	-4.00	----	-0.01	0.20	0.21
2085	17.55	13.51	-4.03	----	-0.01	0.20	0.21
2086	17.58	13.52	-4.07	----	-0.01	0.20	0.21

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of exhaustion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085	16.24%	14.19%	-2.05%	2037	-0.00%	0.17%	0.17%

¹ Under present law, the year of exhaustion is 2036.


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Detailed Single Year Tables

Description of Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2019. 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 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2019. Do not provide benefit credit for additional earnings taxed.