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Detailed Single Year Tables

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) to 15.3 percent in 2016 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
201514.1312.82-1.31
308
0.000.000.00
201613.8815.511.62
298
0.002.622.62
201713.8915.641.75
298
-0.012.732.74
201813.9615.671.71
300
-0.012.732.74
201914.0815.681.60
302
-0.012.732.74
202014.2215.701.48
304
-0.012.732.74
202114.3415.721.38
306
-0.012.732.74
202214.5115.751.23
308
-0.012.732.74
202314.7115.761.05
308
-0.012.732.74
202414.9515.800.85
308
-0.012.732.74
202515.1515.820.66
308
-0.012.732.75
202615.3515.830.48
308
-0.012.732.75
202715.5415.850.30
309
-0.012.732.75
202815.7315.860.13
309
-0.022.742.75
202915.9115.88-0.04
309
-0.022.742.75
203016.0815.89-0.19
310
-0.022.742.76
203116.2215.90-0.32
311
-0.022.742.76
203216.3515.91-0.44
310
-0.022.742.76
203316.4515.92-0.53
310
-0.032.742.76
203416.5215.93-0.60
310
-0.032.742.76
203516.5915.93-0.66
309
-0.032.742.77
203616.6515.94-0.71
308
-0.032.742.77
203716.6815.95-0.74
307
-0.032.742.77
203816.6915.95-0.75
306
-0.042.742.77
203916.6915.95-0.74
306
-0.042.742.78
204016.6715.95-0.72
305
-0.042.742.78
204116.6515.95-0.69
305
-0.042.742.78
204216.6215.95-0.67
305
-0.042.742.78
204316.5915.95-0.64
305
-0.052.742.79
204416.5715.96-0.61
306
-0.052.742.79
204516.5415.96-0.59
306
-0.052.742.79
204616.5215.96-0.56
307
-0.052.742.79
204716.5015.96-0.54
308
-0.062.742.80
204816.4915.96-0.53
308
-0.062.742.80
204916.4815.96-0.52
309
-0.062.742.80
205016.4815.96-0.52
310
-0.062.742.81
205116.4915.96-0.52
311
-0.072.742.81
205216.5015.97-0.54
312
-0.072.742.81
205316.5315.97-0.56
312
-0.072.742.81
205416.5715.97-0.59
312
-0.072.742.82
205516.6115.98-0.63
312
-0.082.742.82
205616.6615.98-0.68
311
-0.082.742.82
205716.7115.99-0.72
311
-0.082.742.83
205816.7615.99-0.77
310
-0.092.742.83
205916.8115.99-0.82
308
-0.092.752.83
206016.8616.00-0.86
307
-0.092.752.84
206116.9116.00-0.91
305
-0.092.752.84
206216.9616.01-0.96
303
-0.092.752.84
206317.0116.01-1.00
301
-0.092.752.84
206417.0716.01-1.05
298
-0.102.752.84
206517.1216.02-1.10
295
-0.102.752.85
206617.1716.02-1.15
292
-0.102.752.85
206717.2316.03-1.20
289
-0.102.752.85
206817.2916.03-1.26
285
-0.102.752.85
206917.3416.04-1.31
281
-0.102.752.85
207017.4016.04-1.36
276
-0.102.752.86
207117.4516.04-1.40
272
-0.102.752.86
207217.4916.05-1.44
267
-0.112.752.86
207317.5316.05-1.48
262
-0.112.752.86
207417.5616.05-1.50
256
-0.112.752.86
207517.5816.06-1.52
251
-0.112.762.86
207617.5916.06-1.53
246
-0.112.762.86
207717.6016.06-1.54
241
-0.112.762.86
207817.6016.06-1.54
235
-0.112.762.87
207917.6016.06-1.54
230
-0.112.762.87
208017.6016.06-1.54
224
-0.112.762.87
208117.6116.06-1.54
219
-0.112.762.87
208217.6216.06-1.56
213
-0.112.762.87
208317.6416.07-1.57
207
-0.112.762.87
208417.6716.07-1.60
201
-0.112.762.87
208517.7016.07-1.63
194
-0.112.762.87
208617.7416.07-1.66
188
-0.112.762.87
208717.7816.08-1.70
180
-0.112.772.87
208817.8216.08-1.74
173
-0.112.772.87
208917.8616.09-1.78
166
-0.112.772.87
209017.9116.09-1.82
158
-0.112.772.87



 

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 2015 Trustees Report.
2015-2089 16.49% 16.57% 0.08%
N/A
-0.06% 2.70% 2.76%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015