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. Provide proportional 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	-1.25	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	-1.82	250	0.00	0.19	0.19
2024	15.41	13.33	-2.08	236	0.00	0.19	0.19
2025	15.68	13.34	-2.33	222	0.00	0.19	0.19
2026	15.93	13.36	-2.57	207	0.00	0.20	0.19
2027	16.15	13.37	-2.78	191	0.00	0.20	0.19
2028	16.35	13.39	-2.97	175	0.01	0.20	0.19
2029	16.53	13.40	-3.13	157	0.01	0.20	0.19
2030	16.67	13.41	-3.26	140	0.01	0.20	0.19
2031	16.77	13.42	-3.36	121	0.01	0.20	0.19
2032	16.87	13.42	-3.44	103	0.01	0.20	0.19
2033	16.94	13.43	-3.51	84	0.01	0.20	0.18
2034	17.00	13.44	-3.56	64	0.02	0.20	0.18
2035	17.03	13.44	-3.59	44	0.02	0.20	0.18
2036	17.05	13.44	-3.61	24	0.02	0.20	0.18
2037	17.06	13.45	-3.61	4	0.02	0.20	0.18
2038	17.04	13.45	-3.60	----	0.02	0.20	0.18
2039	17.01	13.45	-3.57	----	0.02	0.20	0.17
2040	16.98	13.45	-3.53	----	0.03	0.20	0.17
2041	16.94	13.45	-3.49	----	0.03	0.20	0.17
2042	16.90	13.45	-3.46	----	0.03	0.20	0.17
2043	16.87	13.45	-3.43	----	0.03	0.20	0.17
2044	16.85	13.45	-3.40	----	0.04	0.20	0.17
2045	16.82	13.45	-3.38	----	0.04	0.20	0.16
2046	16.80	13.45	-3.35	----	0.04	0.20	0.16
2047	16.78	13.45	-3.33	----	0.04	0.20	0.16
2048	16.76	13.45	-3.32	----	0.04	0.20	0.16
2049	16.75	13.45	-3.30	----	0.05	0.20	0.16
2050	16.74	13.45	-3.29	----	0.05	0.20	0.15
2051	16.73	13.45	-3.28	----	0.05	0.20	0.15
2052	16.73	13.45	-3.28	----	0.05	0.20	0.15
2053	16.75	13.45	-3.29	----	0.06	0.21	0.15
2054	16.76	13.45	-3.31	----	0.06	0.21	0.15
2055	16.78	13.46	-3.32	----	0.06	0.21	0.15
2056	16.81	13.46	-3.35	----	0.06	0.21	0.14
2057	16.83	13.46	-3.37	----	0.07	0.21	0.14
2058	16.85	13.46	-3.39	----	0.07	0.21	0.14
2059	16.86	13.47	-3.40	----	0.07	0.21	0.14
2060	16.88	13.47	-3.41	----	0.07	0.21	0.14
2061	16.89	13.47	-3.42	----	0.08	0.21	0.13
2062	16.90	13.47	-3.43	----	0.08	0.21	0.13
2063	16.92	13.47	-3.44	----	0.08	0.21	0.13
2064	16.93	13.47	-3.46	----	0.08	0.21	0.13
2065	16.95	13.48	-3.47	----	0.08	0.21	0.13
2066	16.97	13.48	-3.50	----	0.08	0.21	0.13
2067	17.00	13.48	-3.52	----	0.09	0.21	0.13
2068	17.03	13.48	-3.55	----	0.09	0.21	0.12
2069	17.06	13.48	-3.57	----	0.09	0.21	0.12
2070	17.09	13.49	-3.61	----	0.09	0.21	0.12
2071	17.12	13.49	-3.64	----	0.09	0.21	0.12
2072	17.16	13.49	-3.67	----	0.09	0.21	0.12
2073	17.20	13.49	-3.70	----	0.09	0.21	0.12
2074	17.24	13.50	-3.74	----	0.09	0.21	0.12
2075	17.27	13.50	-3.77	----	0.10	0.21	0.12
2076	17.31	13.50	-3.81	----	0.10	0.21	0.12
2077	17.35	13.51	-3.84	----	0.10	0.21	0.12
2078	17.38	13.51	-3.88	----	0.10	0.21	0.12
2079	17.42	13.51	-3.91	----	0.10	0.21	0.12
2080	17.46	13.51	-3.95	----	0.10	0.22	0.12
2081	17.50	13.52	-3.98	----	0.10	0.22	0.12
2082	17.54	13.52	-4.02	----	0.10	0.22	0.12
2083	17.58	13.52	-4.06	----	0.10	0.22	0.11
2084	17.62	13.52	-4.09	----	0.10	0.22	0.11
2085	17.66	13.53	-4.13	----	0.10	0.22	0.11
2086	17.69	13.53	-4.16	----	0.10	0.22	0.11

				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	16.29%	14.20%	-2.09%	2037	0.04%	0.17%	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 $300,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional 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. Provide proportional benefit credit for additional earnings taxed.