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Detailed Single Year Tables

Description of Proposed Provision:
E3.13: Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2024. Do not provide benefit credit for additional earnings taxed.

 

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
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8612.96-0.90
277
0.000.000.00
201913.9912.97-1.02
262
0.000.000.00
202014.1312.98-1.15
246
0.000.000.00
202114.2713.00-1.27
231
0.000.000.00
202214.4913.03-1.46
216
0.000.000.00
202314.7613.06-1.70
200
0.000.000.00
202415.0213.25-1.77
183
0.000.160.16
202515.2813.28-2.01
166
0.000.170.17
202615.4713.29-2.18
151
0.000.170.17
202715.6513.31-2.34
135
0.000.170.17
202815.8113.32-2.49
119
0.000.170.17
202915.9713.34-2.63
103
0.000.170.17
203016.1013.35-2.75
87
0.000.170.17
203116.2213.36-2.86
71
0.000.170.17
203216.3313.37-2.96
54
0.000.170.17
203316.4113.37-3.03
36
0.000.170.17
203416.4613.38-3.08
19
0.000.170.17
203516.5013.38-3.11
1
0.000.170.17
203616.5513.39-3.16
----
0.000.170.17
203716.6013.39-3.20
----
0.000.170.17
203816.6113.40-3.21
----
0.000.170.17
203916.6113.40-3.21
----
0.000.170.17
204016.5913.40-3.19
----
0.000.170.17
204116.5613.40-3.16
----
0.000.170.17
204216.5313.40-3.13
----
0.000.170.17
204316.5013.40-3.10
----
0.000.170.17
204416.4713.40-3.07
----
0.000.170.17
204516.4513.40-3.05
----
0.000.170.17
204616.4213.40-3.02
----
0.000.170.17
204716.4013.40-3.00
----
0.000.170.17
204816.3813.40-2.98
----
0.000.170.17
204916.3713.40-2.97
----
0.000.170.17
205016.3613.40-2.95
----
0.000.170.17
205116.3613.40-2.95
----
0.000.170.17
205216.3713.40-2.96
----
0.000.170.17
205316.3913.41-2.98
----
0.000.170.17
205416.4213.41-3.01
----
0.000.170.17
205516.4613.41-3.05
----
0.000.170.17
205616.5013.42-3.09
----
0.000.170.17
205716.5513.42-3.13
----
0.000.170.17
205816.6013.42-3.18
----
0.000.170.17
205916.6513.43-3.22
----
0.000.170.17
206016.7013.43-3.27
----
0.000.170.17
206116.7513.43-3.32
----
0.000.170.17
206216.8013.44-3.36
----
0.000.170.17
206316.8513.44-3.41
----
0.000.170.17
206416.9013.45-3.45
----
-0.010.170.17
206516.9513.45-3.50
----
-0.010.170.18
206617.0013.45-3.55
----
-0.010.170.18
206717.0513.46-3.60
----
-0.010.170.18
206817.1113.46-3.65
----
-0.010.170.18
206917.1613.46-3.70
----
-0.010.170.18
207017.2113.47-3.74
----
-0.010.170.18
207117.2613.47-3.79
----
-0.010.170.18
207217.3013.47-3.82
----
-0.010.170.18
207317.3313.48-3.86
----
-0.010.170.18
207417.3613.48-3.88
----
-0.010.170.18
207517.3913.48-3.90
----
-0.010.170.18
207617.4013.48-3.92
----
-0.010.170.18
207717.4013.48-3.92
----
-0.010.170.18
207817.4013.48-3.92
----
-0.010.170.18
207917.4013.48-3.92
----
-0.010.170.18
208017.3913.48-3.91
----
-0.010.170.18
208117.3913.48-3.91
----
-0.010.170.18
208217.4013.48-3.92
----
-0.010.170.18
208317.4113.48-3.93
----
-0.010.170.18
208417.4313.49-3.95
----
-0.010.170.18
208517.4613.49-3.97
----
-0.010.170.18
208617.5013.49-4.01
----
-0.010.170.18
208717.5413.49-4.04
----
-0.010.170.18
208817.5813.49-4.08
----
-0.010.170.18
208917.6213.50-4.13
----
-0.010.170.18
209017.6713.50-4.17
----
-0.010.170.18
209117.7213.50-4.21
----
-0.010.170.18



 

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 2016 Trustees Report.
2016-2090 16.50% 13.99% -2.51%
2035
-0.00% 0.15% 0.15%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016