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Detailed Single Year Tables

Description of Proposed Provision:
Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in 2014. Do not provide benefit credit for earnings above the current-law 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
201313.9512.69-1.26
330
0.000.000.00
201414.0413.90-0.13
315
0.001.071.07
201513.9714.040.07
308
0.001.171.17
201613.9114.080.17
301
0.001.201.20
201713.8814.110.23
294
0.001.211.21
201813.9114.130.22
288
0.001.201.20
201914.0614.140.09
283
0.001.191.19
202014.2514.15-0.11
277
0.001.181.18
202114.4414.17-0.27
271
0.001.171.18
202214.7014.19-0.51
263
0.001.171.17
202314.9714.21-0.75
255
0.001.171.17
202415.2214.23-1.00
247
0.001.171.17
202515.4714.24-1.23
238
-0.011.171.18
202615.7014.25-1.45
229
-0.011.171.18
202715.9214.27-1.65
219
-0.011.171.18
202816.1314.28-1.84
209
-0.011.171.18
202916.3214.29-2.02
198
-0.011.171.18
203016.4814.30-2.18
187
-0.011.171.18
203116.6214.31-2.31
175
-0.011.171.18
203216.7414.32-2.42
163
-0.011.171.19
203316.8414.33-2.51
150
-0.011.171.19
203416.9214.33-2.58
137
-0.021.171.19
203516.9614.34-2.63
123
-0.021.171.19
203616.9914.34-2.65
109
-0.021.171.19
203717.0114.34-2.66
95
-0.021.171.19
203817.0014.35-2.65
81
-0.021.171.19
203916.9714.35-2.63
67
-0.021.171.20
204016.9414.35-2.60
53
-0.021.181.20
204116.9114.35-2.56
38
-0.021.181.20
204216.8714.35-2.52
24
-0.021.181.20
204316.8414.35-2.49
10
-0.031.181.20
204416.8214.35-2.47
----
-0.031.181.20
204516.8014.35-2.45
----
-0.031.181.20
204616.7914.35-2.44
----
-0.031.181.21
204716.7814.35-2.43
----
-0.031.181.21
204816.7614.35-2.41
----
-0.031.181.21
204916.7514.35-2.40
----
-0.031.181.21
205016.7514.35-2.40
----
-0.031.181.21
205116.7614.35-2.40
----
-0.031.181.21
205216.7714.35-2.42
----
-0.041.181.22
205316.8014.36-2.44
----
-0.041.181.22
205416.8314.36-2.47
----
-0.041.181.22
205516.8714.36-2.51
----
-0.041.181.22
205616.9214.37-2.55
----
-0.041.181.22
205716.9614.37-2.59
----
-0.041.181.23
205817.0114.37-2.63
----
-0.041.181.23
205917.0514.38-2.67
----
-0.041.181.23
206017.1014.38-2.72
----
-0.051.181.23
206117.1414.38-2.76
----
-0.051.191.23
206217.1814.39-2.79
----
-0.051.191.23
206317.2214.39-2.83
----
-0.051.191.23
206417.2614.39-2.87
----
-0.051.191.24
206517.3114.40-2.91
----
-0.051.191.24
206617.3514.40-2.95
----
-0.051.191.24
206717.4014.40-3.00
----
-0.051.191.24
206817.4414.41-3.04
----
-0.051.191.24
206917.4914.41-3.08
----
-0.051.191.24
207017.5314.41-3.12
----
-0.051.191.24
207117.5714.42-3.16
----
-0.051.191.24
207217.6014.42-3.19
----
-0.051.191.24
207317.6314.42-3.21
----
-0.051.191.24
207417.6514.42-3.23
----
-0.051.191.25
207517.6714.42-3.24
----
-0.051.191.25
207617.6814.43-3.25
----
-0.051.191.25
207717.6814.43-3.26
----
-0.051.201.25
207817.6914.43-3.26
----
-0.051.201.25
207917.7014.43-3.27
----
-0.051.201.25
208017.7114.43-3.28
----
-0.051.201.25
208117.7214.43-3.29
----
-0.051.201.25
208217.7514.43-3.32
----
-0.051.201.25
208317.7814.44-3.35
----
-0.051.201.25
208417.8214.44-3.38
----
-0.051.201.25
208517.8614.44-3.42
----
-0.051.201.25
208617.9114.44-3.47
----
-0.051.201.25
208717.9614.45-3.51
----
-0.051.201.25
208818.0114.45-3.56
----
-0.051.201.25



 

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% 15.04% -1.53%
2043
-0.03% 1.16% 1.19%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 11, 2013