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Detailed Single Year Tables

Description of Proposed Provision:
Reduce the payroll tax rate (currently 12.4 percent) to 11.4 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
201613.8811.96-1.92
298
0.00-0.92-0.92
201713.9011.95-1.94
274
0.00-0.96-0.96
201813.9711.98-1.99
251
0.00-0.96-0.96
201914.0911.99-2.10
230
0.00-0.96-0.96
202014.2312.01-2.22
208
0.00-0.96-0.96
202114.3512.03-2.32
188
0.00-0.96-0.96
202214.5212.05-2.47
167
0.00-0.96-0.96
202314.7312.07-2.65
147
0.00-0.96-0.96
202414.9612.10-2.86
126
0.00-0.96-0.96
202515.1712.12-3.05
105
0.00-0.96-0.96
202615.3712.14-3.23
84
0.01-0.96-0.96
202715.5612.15-3.41
62
0.01-0.96-0.96
202815.7612.17-3.59
41
0.01-0.96-0.97
202915.9412.18-3.75
18
0.01-0.96-0.97
203016.1012.20-3.91
----
0.01-0.96-0.97
203116.2512.21-4.04
----
0.01-0.96-0.97
203216.3812.22-4.17
----
0.01-0.96-0.97
203316.4912.23-4.26
----
0.01-0.96-0.97
203416.5612.23-4.33
----
0.01-0.96-0.97
203516.6312.24-4.39
----
0.01-0.96-0.97
203616.6912.24-4.45
----
0.01-0.96-0.97
203716.7312.25-4.48
----
0.01-0.96-0.97
203816.7412.25-4.49
----
0.01-0.96-0.97
203916.7412.25-4.49
----
0.02-0.96-0.97
204016.7312.26-4.47
----
0.02-0.96-0.98
204116.7112.26-4.45
----
0.02-0.96-0.98
204216.6812.26-4.43
----
0.02-0.96-0.98
204316.6612.26-4.40
----
0.02-0.96-0.98
204416.6412.26-4.38
----
0.02-0.96-0.98
204516.6212.26-4.36
----
0.02-0.96-0.98
204616.6012.26-4.34
----
0.02-0.96-0.98
204716.5812.26-4.32
----
0.02-0.96-0.98
204816.5712.26-4.31
----
0.02-0.96-0.98
204916.5612.26-4.31
----
0.02-0.96-0.98
205016.5712.26-4.31
----
0.03-0.96-0.99
205116.5812.26-4.32
----
0.03-0.96-0.99
205216.6012.26-4.34
----
0.03-0.96-0.99
205316.6312.27-4.37
----
0.03-0.96-0.99
205416.6712.27-4.40
----
0.03-0.96-0.99
205516.7212.27-4.45
----
0.03-0.96-0.99
205616.7712.28-4.50
----
0.03-0.96-0.99
205716.8312.28-4.55
----
0.03-0.96-0.99
205816.8812.28-4.60
----
0.03-0.96-1.00
205916.9312.29-4.65
----
0.04-0.96-1.00
206016.9912.29-4.70
----
0.04-0.96-1.00
206117.0412.29-4.75
----
0.04-0.96-1.00
206217.0912.30-4.80
----
0.04-0.96-1.00
206317.1512.30-4.85
----
0.04-0.96-1.00
206417.2012.30-4.90
----
0.04-0.96-1.00
206517.2612.31-4.95
----
0.04-0.96-1.00
206617.3112.31-5.00
----
0.04-0.96-1.00
206717.3712.32-5.06
----
0.04-0.96-1.00
206817.4312.32-5.11
----
0.04-0.96-1.00
206917.4912.32-5.17
----
0.04-0.96-1.00
207017.5412.33-5.22
----
0.04-0.96-1.00
207117.6012.33-5.27
----
0.04-0.96-1.01
207217.6412.33-5.31
----
0.04-0.96-1.01
207317.6812.33-5.34
----
0.04-0.96-1.01
207417.7112.34-5.37
----
0.04-0.96-1.01
207517.7312.34-5.39
----
0.04-0.96-1.01
207617.7412.34-5.40
----
0.04-0.96-1.01
207717.7512.34-5.41
----
0.04-0.96-1.01
207817.7512.34-5.41
----
0.04-0.96-1.01
207917.7512.34-5.41
----
0.04-0.96-1.01
208017.7512.34-5.41
----
0.04-0.96-1.01
208117.7612.34-5.42
----
0.04-0.96-1.01
208217.7712.34-5.43
----
0.04-0.96-1.01
208317.7912.34-5.45
----
0.04-0.97-1.01
208417.8212.34-5.48
----
0.04-0.97-1.01
208517.8512.34-5.51
----
0.04-0.97-1.01
208617.8912.34-5.54
----
0.04-0.97-1.01
208717.9312.35-5.58
----
0.04-0.97-1.01
208817.9712.35-5.62
----
0.04-0.97-1.01
208918.0112.35-5.66
----
0.04-0.97-1.01
209018.0612.35-5.70
----
0.04-0.97-1.01



 

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 16.57% 12.92% -3.65%
2029
0.02% -0.95% -0.97%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015