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 $400,000 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	13.20	-0.68	296	0.00	0.15	0.15
2020	14.20	13.22	-0.98	285	0.00	0.16	0.16
2021	14.52	13.24	-1.28	274	0.00	0.16	0.16
2022	14.83	13.25	-1.57	262	0.00	0.16	0.16
2023	15.13	13.27	-1.85	249	0.00	0.16	0.16
2024	15.40	13.29	-2.12	235	0.00	0.16	0.16
2025	15.67	13.30	-2.37	220	0.00	0.16	0.16
2026	15.92	13.32	-2.60	205	0.00	0.16	0.16
2027	16.15	13.33	-2.81	189	0.00	0.16	0.16
2028	16.35	13.35	-3.00	173	0.00	0.16	0.16
2029	16.52	13.36	-3.16	155	0.00	0.16	0.16
2030	16.66	13.37	-3.29	137	0.00	0.16	0.16
2031	16.76	13.38	-3.38	119	0.00	0.16	0.16
2032	16.85	13.38	-3.47	100	0.00	0.16	0.16
2033	16.93	13.39	-3.54	81	0.00	0.16	0.16
2034	16.98	13.40	-3.58	61	0.00	0.16	0.16
2035	17.01	13.40	-3.61	41	0.00	0.16	0.16
2036	17.03	13.40	-3.63	21	0.00	0.16	0.16
2037	17.04	13.41	-3.63	----	0.00	0.16	0.16
2038	17.02	13.41	-3.61	----	0.00	0.16	0.16
2039	16.99	13.41	-3.58	----	0.00	0.16	0.16
2040	16.95	13.41	-3.55	----	0.00	0.16	0.16
2041	16.91	13.40	-3.51	----	0.00	0.16	0.16
2042	16.87	13.40	-3.47	----	0.00	0.16	0.16
2043	16.84	13.40	-3.43	----	0.00	0.16	0.16
2044	16.81	13.40	-3.41	----	0.00	0.16	0.16
2045	16.78	13.40	-3.38	----	0.00	0.16	0.16
2046	16.76	13.40	-3.35	----	0.00	0.16	0.16
2047	16.74	13.40	-3.33	----	0.00	0.16	0.16
2048	16.72	13.40	-3.31	----	0.00	0.16	0.16
2049	16.70	13.40	-3.29	----	0.00	0.16	0.16
2050	16.68	13.40	-3.28	----	0.00	0.16	0.16
2051	16.68	13.40	-3.27	----	0.00	0.16	0.16
2052	16.68	13.40	-3.27	----	0.00	0.16	0.16
2053	16.68	13.41	-3.28	----	0.00	0.16	0.16
2054	16.70	13.41	-3.29	----	0.00	0.16	0.16
2055	16.71	13.41	-3.31	----	0.00	0.16	0.16
2056	16.74	13.41	-3.33	----	0.00	0.16	0.16
2057	16.76	13.41	-3.34	----	0.00	0.16	0.16
2058	16.78	13.42	-3.36	----	-0.01	0.16	0.16
2059	16.79	13.42	-3.37	----	-0.01	0.16	0.16
2060	16.80	13.42	-3.38	----	-0.01	0.16	0.17
2061	16.81	13.42	-3.39	----	-0.01	0.16	0.17
2062	16.82	13.42	-3.40	----	-0.01	0.16	0.17
2063	16.83	13.42	-3.41	----	-0.01	0.16	0.17
2064	16.84	13.42	-3.42	----	-0.01	0.16	0.17
2065	16.86	13.43	-3.44	----	-0.01	0.16	0.17
2066	16.88	13.43	-3.46	----	-0.01	0.16	0.17
2067	16.91	13.43	-3.48	----	-0.01	0.16	0.17
2068	16.93	13.43	-3.50	----	-0.01	0.16	0.17
2069	16.96	13.43	-3.53	----	-0.01	0.16	0.17
2070	17.00	13.44	-3.56	----	-0.01	0.16	0.17
2071	17.03	13.44	-3.59	----	-0.01	0.16	0.17
2072	17.06	13.44	-3.62	----	-0.01	0.16	0.17
2073	17.10	13.44	-3.65	----	-0.01	0.16	0.17
2074	17.14	13.45	-3.69	----	-0.01	0.16	0.17
2075	17.17	13.45	-3.72	----	-0.01	0.16	0.17
2076	17.21	13.45	-3.76	----	-0.01	0.16	0.17
2077	17.24	13.45	-3.79	----	-0.01	0.16	0.17
2078	17.28	13.46	-3.82	----	-0.01	0.16	0.17
2079	17.32	13.46	-3.86	----	-0.01	0.16	0.17
2080	17.35	13.46	-3.89	----	-0.01	0.16	0.17
2081	17.39	13.46	-3.93	----	-0.01	0.16	0.17
2082	17.43	13.47	-3.97	----	-0.01	0.16	0.17
2083	17.47	13.47	-4.00	----	-0.01	0.16	0.17
2084	17.51	13.47	-4.04	----	-0.01	0.16	0.17
2085	17.55	13.47	-4.07	----	-0.01	0.16	0.17
2086	17.59	13.48	-4.11	----	-0.01	0.16	0.17

				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	16.25%	14.16%	-2.08%	2036	-0.00%	0.14%	0.14%

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 $400,000 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 $400,000 in 2017, with the threshold wage-indexed after 2019. Do not provide benefit credit for additional earnings taxed.