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Detailed Single Year Tables

Description of Proposed Provision:
Increase the taxable maximum until taxable earnings equal 90 percent of covered earnings (phased in 2013-2022). In addition, apply a tax rate of 6.2 percent for earnings above the revised taxable maximum (phased in from 2013-2022). Provide benefit credit on earnings taxed up to the revised taxable maximum.

 

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

Cost
rate
Income
rate
Annual
balance
201213.8312.89-0.93
340
0.000.000.00
201313.9513.07-0.88
329
0.000.240.24
201413.9813.41-0.57
317
0.000.480.48
201513.9713.65-0.32
307
0.000.700.70
201613.9413.88-0.06
299
0.000.900.89
201713.9214.080.17
293
0.001.071.07
201813.9614.260.30
288
0.001.231.23
201914.1414.410.27
284
0.001.351.35
202014.3814.540.15
280
0.011.461.45
202114.6614.670.01
275
0.011.561.55
202214.9814.80-0.19
270
0.011.671.66
202315.3014.82-0.48
264
0.021.681.66
202415.6214.84-0.78
258
0.021.681.66
202515.9114.86-1.05
251
0.031.681.65
202616.1814.88-1.31
243
0.031.681.65
202716.4514.89-1.56
235
0.041.681.64
202816.6814.91-1.77
225
0.051.681.64
202916.8814.92-1.96
215
0.051.691.63
203017.0714.94-2.13
205
0.061.691.63
203117.2114.95-2.27
194
0.071.691.62
203217.3314.96-2.37
182
0.081.691.61
203317.4114.96-2.45
170
0.081.691.61
203417.4714.97-2.50
158
0.091.701.60
203517.5114.98-2.53
145
0.101.701.60
203617.5414.98-2.56
133
0.111.701.59
203717.5514.98-2.57
120
0.121.701.58
203817.5514.99-2.56
107
0.131.701.57
203917.5314.99-2.54
94
0.141.711.57
204017.5014.99-2.51
82
0.151.711.56
204117.4714.99-2.48
69
0.161.711.55
204217.4414.99-2.45
56
0.161.711.55
204317.4214.99-2.43
43
0.171.711.54
204417.4014.99-2.40
30
0.181.721.53
204517.3814.99-2.39
16
0.191.721.52
204617.3614.99-2.37
3
0.201.721.52
204717.3515.00-2.35
----
0.211.721.51
204817.3415.00-2.34
----
0.221.721.50
204917.3315.00-2.33
----
0.231.731.49
205017.3215.00-2.32
----
0.241.731.49
205117.3215.01-2.32
----
0.251.731.48
205217.3315.01-2.32
----
0.261.731.47
205317.3415.01-2.33
----
0.271.741.47
205417.3615.02-2.34
----
0.281.741.46
205517.3815.02-2.36
----
0.291.741.45
205617.4015.02-2.38
----
0.301.741.45
205717.4315.03-2.40
----
0.311.751.44
205817.4515.03-2.42
----
0.321.751.43
205917.4715.04-2.44
----
0.321.751.43
206017.4915.04-2.45
----
0.331.761.42
206117.5015.04-2.46
----
0.341.761.42
206217.5115.05-2.47
----
0.351.761.42
206317.5315.05-2.48
----
0.351.761.41
206417.5415.05-2.49
----
0.361.771.41
206517.5615.06-2.51
----
0.361.771.41
206617.5915.06-2.53
----
0.371.771.40
206717.6115.06-2.55
----
0.371.771.40
206817.6415.07-2.58
----
0.381.781.40
206917.6815.07-2.60
----
0.381.781.40
207017.7115.08-2.64
----
0.391.781.39
207117.7415.08-2.66
----
0.391.781.39
207217.7715.09-2.69
----
0.391.781.39
207317.8015.09-2.71
----
0.401.791.39
207417.8415.09-2.74
----
0.401.791.39
207517.8715.10-2.77
----
0.401.791.39
207617.8915.10-2.79
----
0.411.791.38
207717.9215.10-2.82
----
0.411.791.38
207817.9515.11-2.85
----
0.411.801.38
207917.9915.11-2.88
----
0.421.801.38
208018.0215.12-2.91
----
0.421.801.38
208118.0615.12-2.94
----
0.421.801.38
208218.1015.12-2.98
----
0.421.801.38
208318.1415.13-3.01
----
0.421.811.38
208418.1815.13-3.05
----
0.431.811.38
208518.2215.14-3.09
----
0.431.811.38
208618.2615.14-3.12
----
0.431.811.38
208718.3015.14-3.16
----
0.431.811.38



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086 16.87% 15.61% -1.26%
2046
0.19% 1.59% 1.40%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013