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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 2019-2038, until the rate reaches 14.4 percent in 2038 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
201313.9512.69-1.26
330
0.000.000.00
201414.0412.83-1.20
315
0.000.000.00
201513.9712.86-1.10
301
0.000.000.00
201613.9112.88-1.03
286
0.000.000.00
201713.8812.90-0.98
271
0.000.000.00
201813.9112.93-0.98
257
0.000.000.00
201914.0613.04-1.02
244
0.000.090.09
202014.2613.15-1.10
232
0.000.190.19
202114.4413.28-1.17
220
0.000.280.28
202214.7013.40-1.30
207
0.000.380.38
202314.9713.51-1.45
195
0.000.470.47
202415.2313.62-1.60
183
0.000.570.57
202515.4713.73-1.74
170
0.000.660.66
202615.7113.84-1.86
158
0.000.760.76
202715.9313.95-1.98
146
0.000.850.86
202816.1314.06-2.07
134
0.000.950.95
202916.3214.16-2.16
122
0.001.041.05
203016.4914.27-2.22
110
0.001.141.14
203116.6314.37-2.26
97
0.001.231.24
203216.7514.48-2.27
85
0.001.331.33
203316.8514.58-2.27
72
-0.011.421.43
203416.9314.68-2.25
60
-0.011.521.52
203516.9714.77-2.20
47
-0.011.611.62
203617.0014.87-2.13
35
-0.011.701.71
203717.0114.97-2.05
23
-0.011.801.81
203817.0115.06-1.94
12
-0.011.891.90
203916.9815.07-1.91
1
-0.011.901.91
204016.9515.07-1.88
----
-0.011.901.91
204116.9215.07-1.85
----
-0.011.901.91
204216.8815.07-1.81
----
-0.011.901.91
204316.8515.07-1.78
----
-0.011.901.91
204416.8315.07-1.76
----
-0.021.901.91
204516.8115.07-1.74
----
-0.021.901.92
204616.8015.07-1.73
----
-0.021.901.92
204716.7915.07-1.72
----
-0.021.901.92
204816.7715.07-1.70
----
-0.021.901.92
204916.7615.07-1.69
----
-0.021.901.92
205016.7615.07-1.69
----
-0.021.901.92
205116.7715.07-1.69
----
-0.031.901.93
205216.7815.07-1.71
----
-0.031.901.93
205316.8115.08-1.73
----
-0.031.901.93
205416.8415.08-1.76
----
-0.031.901.93
205516.8815.08-1.80
----
-0.031.901.93
205616.9215.09-1.84
----
-0.031.901.94
205716.9715.09-1.88
----
-0.041.901.94
205817.0115.09-1.92
----
-0.041.901.94
205917.0615.10-1.96
----
-0.041.901.94
206017.1015.10-2.00
----
-0.041.901.95
206117.1415.10-2.04
----
-0.041.901.95
206217.1815.11-2.08
----
-0.041.901.95
206317.2215.11-2.12
----
-0.051.911.95
206417.2615.11-2.15
----
-0.051.911.95
206517.3115.11-2.19
----
-0.051.911.96
206617.3515.12-2.23
----
-0.051.911.96
206717.4015.12-2.28
----
-0.051.911.96
206817.4415.12-2.32
----
-0.051.911.96
206917.4815.13-2.36
----
-0.061.911.96
207017.5315.13-2.40
----
-0.061.911.97
207117.5715.13-2.43
----
-0.061.911.97
207217.6015.13-2.46
----
-0.061.911.97
207317.6215.14-2.48
----
-0.061.911.97
207417.6415.14-2.50
----
-0.061.911.97
207517.6615.14-2.52
----
-0.061.911.97
207617.6715.14-2.52
----
-0.061.911.98
207717.6715.14-2.53
----
-0.061.911.98
207817.6815.14-2.53
----
-0.071.911.98
207917.6815.14-2.54
----
-0.071.911.98
208017.6915.15-2.55
----
-0.071.911.98
208117.7115.15-2.56
----
-0.071.911.98
208217.7315.15-2.58
----
-0.071.911.98
208317.7615.15-2.61
----
-0.071.911.98
208417.8015.15-2.65
----
-0.071.921.98
208517.8515.16-2.69
----
-0.071.921.99
208617.8915.16-2.73
----
-0.071.921.99
208717.9415.16-2.78
----
-0.071.921.99
208817.9915.17-2.83
----
-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 2013 Trustees Report.
2013-2087 16.57% 15.27% -1.30%
2039
-0.02% 1.39% 1.42%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 11, 2013