Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2023). Provide benefit credit for earnings up to the revised taxable maximum levels.

			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
2013	13.95	12.69	-1.26	330	0.00	0.00	0.00
2014	14.04	12.97	-1.06	315	0.00	0.14	0.14
2015	13.97	13.14	-0.82	302	0.00	0.28	0.28
2016	13.91	13.30	-0.61	288	0.00	0.41	0.41
2017	13.88	13.43	-0.45	277	0.00	0.53	0.53
2018	13.91	13.56	-0.35	267	0.00	0.63	0.63
2019	14.06	13.67	-0.39	257	0.00	0.72	0.72
2020	14.26	13.77	-0.49	249	0.01	0.80	0.79
2021	14.45	13.87	-0.58	241	0.01	0.87	0.87
2022	14.72	13.97	-0.74	232	0.01	0.95	0.94
2023	14.98	14.06	-0.92	223	0.01	1.02	1.01
2024	15.25	14.08	-1.16	213	0.02	1.03	1.01
2025	15.50	14.10	-1.40	203	0.02	1.03	1.00
2026	15.74	14.11	-1.62	193	0.03	1.03	1.00
2027	15.96	14.13	-1.83	183	0.03	1.03	1.00
2028	16.18	14.14	-2.03	172	0.04	1.03	0.99
2029	16.38	14.16	-2.22	160	0.05	1.03	0.99
2030	16.55	14.17	-2.38	147	0.06	1.04	0.98
2031	16.70	14.18	-2.52	134	0.07	1.04	0.97
2032	16.83	14.19	-2.64	120	0.07	1.04	0.96
2033	16.94	14.20	-2.74	105	0.08	1.04	0.96
2034	17.03	14.20	-2.82	90	0.09	1.04	0.95
2035	17.08	14.21	-2.87	75	0.10	1.04	0.94
2036	17.12	14.21	-2.91	59	0.11	1.04	0.93
2037	17.14	14.21	-2.93	43	0.12	1.04	0.93
2038	17.15	14.22	-2.93	27	0.13	1.05	0.92
2039	17.13	14.22	-2.91	11	0.14	1.05	0.91
2040	17.11	14.22	-2.89	----	0.15	1.05	0.90
2041	17.09	14.22	-2.86	----	0.16	1.05	0.89
2042	17.06	14.22	-2.84	----	0.17	1.05	0.89
2043	17.04	14.22	-2.82	----	0.18	1.05	0.88
2044	17.03	14.23	-2.80	----	0.19	1.06	0.87
2045	17.03	14.23	-2.80	----	0.20	1.06	0.86
2046	17.03	14.23	-2.80	----	0.21	1.06	0.85
2047	17.03	14.23	-2.80	----	0.22	1.06	0.84
2048	17.02	14.23	-2.79	----	0.23	1.06	0.83
2049	17.03	14.23	-2.79	----	0.24	1.06	0.82
2050	17.03	14.24	-2.80	----	0.25	1.07	0.82
2051	17.05	14.24	-2.81	----	0.26	1.07	0.81
2052	17.08	14.24	-2.84	----	0.27	1.07	0.80
2053	17.12	14.25	-2.87	----	0.28	1.07	0.79
2054	17.16	14.25	-2.91	----	0.30	1.07	0.78
2055	17.22	14.26	-2.96	----	0.31	1.08	0.77
2056	17.27	14.26	-3.01	----	0.32	1.08	0.76
2057	17.33	14.27	-3.07	----	0.33	1.08	0.75
2058	17.39	14.27	-3.12	----	0.34	1.08	0.74
2059	17.45	14.28	-3.17	----	0.35	1.08	0.73
2060	17.50	14.28	-3.22	----	0.36	1.09	0.73
2061	17.55	14.29	-3.27	----	0.37	1.09	0.72
2062	17.61	14.29	-3.32	----	0.38	1.09	0.71
2063	17.66	14.29	-3.36	----	0.39	1.09	0.70
2064	17.71	14.30	-3.41	----	0.40	1.09	0.70
2065	17.76	14.30	-3.46	----	0.40	1.09	0.69
2066	17.81	14.31	-3.51	----	0.41	1.10	0.68
2067	17.87	14.31	-3.56	----	0.42	1.10	0.68
2068	17.92	14.31	-3.60	----	0.42	1.10	0.67
2069	17.97	14.32	-3.65	----	0.43	1.10	0.67
2070	18.02	14.32	-3.70	----	0.44	1.10	0.67
2071	18.07	14.33	-3.74	----	0.44	1.10	0.66
2072	18.10	14.33	-3.77	----	0.45	1.10	0.66
2073	18.13	14.33	-3.80	----	0.45	1.11	0.66
2074	18.16	14.34	-3.82	----	0.45	1.11	0.65
2075	18.18	14.34	-3.84	----	0.46	1.11	0.65
2076	18.19	14.34	-3.85	----	0.46	1.11	0.65
2077	18.20	14.34	-3.86	----	0.46	1.11	0.65
2078	18.21	14.34	-3.86	----	0.46	1.11	0.65
2079	18.21	14.34	-3.87	----	0.47	1.11	0.65
2080	18.23	14.35	-3.88	----	0.47	1.11	0.64
2081	18.25	14.35	-3.90	----	0.47	1.11	0.64
2082	18.27	14.35	-3.92	----	0.47	1.11	0.64
2083	18.31	14.35	-3.95	----	0.47	1.12	0.64
2084	18.35	14.35	-3.99	----	0.48	1.12	0.64
2085	18.39	14.36	-4.03	----	0.48	1.12	0.64
2086	18.44	14.36	-4.08	----	0.48	1.12	0.64
2087	18.50	14.37	-4.13	----	0.48	1.12	0.64
2088	18.55	14.37	-4.18	----	0.48	1.12	0.64

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2013 Trustees Report.
2013-2087	16.80%	14.86%	-1.95%	2039	0.21%	0.98%	0.77%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


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Detailed Single Year Tables

Description of Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2023). Provide benefit credit for earnings up to the revised taxable maximum levels.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2023). Provide benefit credit for earnings up to the revised taxable maximum levels.