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Detailed Single Year Tables

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2018-2037, until the rate reaches 14.4 percent in 2037 and later.

 

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
201313.9512.83-1.12
329
0.000.000.00
201413.9812.93-1.05
315
0.000.000.00
201513.9712.95-1.01
302
0.000.000.00
201613.9412.98-0.96
290
0.000.000.00
201713.9113.01-0.91
277
0.000.000.00
201813.9613.13-0.84
265
0.000.090.09
201914.1313.24-0.90
254
0.000.190.19
202014.3713.35-1.02
242
0.000.280.28
202114.6513.48-1.17
231
0.000.380.38
202214.9713.60-1.37
219
0.000.470.47
202315.2913.71-1.58
206
0.000.570.57
202415.5913.82-1.77
194
0.000.660.66
202515.8813.94-1.94
181
0.000.760.76
202616.1514.05-2.10
168
0.000.850.85
202716.4114.16-2.25
155
0.000.950.95
202816.6314.27-2.37
142
0.001.041.04
202916.8314.37-2.45
128
0.001.141.14
203017.0014.48-2.52
115
0.001.231.23
203117.1414.58-2.56
101
0.001.321.33
203217.2414.68-2.56
87
-0.011.421.42
203317.3214.78-2.54
73
-0.011.511.52
203417.3714.88-2.49
60
-0.011.611.62
203517.4014.98-2.42
46
-0.011.701.71
203617.4215.08-2.34
33
-0.011.801.81
203717.4215.17-2.25
21
-0.011.891.90
203817.4115.18-2.23
8
-0.011.901.91
203917.3815.18-2.20
----
-0.011.901.91
204017.3415.18-2.17
----
-0.011.901.91
204117.3115.18-2.13
----
-0.011.901.91
204217.2615.18-2.09
----
-0.011.901.91
204317.2315.18-2.05
----
-0.021.901.91
204417.1915.17-2.02
----
-0.021.901.92
204517.1715.17-1.99
----
-0.021.901.92
204617.1415.17-1.97
----
-0.021.901.92
204717.1115.17-1.94
----
-0.021.901.92
204817.0915.17-1.92
----
-0.021.901.92
204917.0715.17-1.90
----
-0.021.901.92
205017.0515.17-1.88
----
-0.031.901.93
205117.0415.17-1.87
----
-0.031.901.93
205217.0415.17-1.86
----
-0.031.901.93
205317.0415.18-1.87
----
-0.031.901.93
205417.0515.18-1.87
----
-0.031.901.93
205517.0615.18-1.88
----
-0.031.901.94
205617.0715.18-1.89
----
-0.041.901.94
205717.0815.18-1.90
----
-0.041.901.94
205817.1015.18-1.91
----
-0.041.901.94
205917.1115.19-1.92
----
-0.041.901.94
206017.1115.19-1.93
----
-0.041.901.95
206117.1215.19-1.93
----
-0.041.901.95
206217.1215.19-1.93
----
-0.051.901.95
206317.1315.19-1.94
----
-0.051.901.95
206417.1415.19-1.94
----
-0.051.901.95
206517.1515.19-1.96
----
-0.051.901.96
206617.1715.19-1.97
----
-0.051.911.96
206717.1915.20-1.99
----
-0.051.911.96
206817.2115.20-2.01
----
-0.061.911.96
206917.2415.20-2.04
----
-0.061.911.96
207017.2715.20-2.06
----
-0.061.911.96
207117.2915.21-2.09
----
-0.061.911.97
207217.3215.21-2.11
----
-0.061.911.97
207317.3415.21-2.13
----
-0.061.911.97
207417.3715.21-2.16
----
-0.061.911.97
207517.4015.22-2.18
----
-0.061.911.97
207617.4215.22-2.20
----
-0.061.911.97
207717.4515.22-2.23
----
-0.071.911.98
207817.4715.22-2.25
----
-0.071.911.98
207917.5015.22-2.28
----
-0.071.911.98
208017.5415.23-2.31
----
-0.071.911.98
208117.5715.23-2.34
----
-0.071.911.98
208217.6115.23-2.38
----
-0.071.911.98
208317.6515.24-2.41
----
-0.071.911.98
208417.6915.24-2.45
----
-0.071.911.98
208517.7215.24-2.48
----
-0.071.911.98
208617.7615.24-2.52
----
-0.071.921.99
208717.8015.25-2.55
----
-0.071.921.99



 

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 16.66% 15.41% -1.25%
2038
-0.02% 1.39% 1.41%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013