Detailed Single Year Tables

Coverage of Employment	Description of Proposed Provision: F5: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2018 and 6.5 percent for 2019 and later. Starting in 2018, reduce the corporate income tax rate from 35 to 27 percent.

			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
2016	14.05	12.94	-1.10	303	0.00	0.00	0.00
2017	13.72	12.92	-0.80	293	0.00	0.00	0.00
2018	13.85	12.51	-1.35	277	0.00	-0.45	-0.45
2019	13.98	12.49	-1.49	259	0.00	-0.47	-0.47
2020	14.13	12.51	-1.62	240	-0.01	-0.47	-0.47
2021	14.25	12.53	-1.72	222	-0.02	-0.47	-0.46
2022	14.46	12.56	-1.90	204	-0.03	-0.47	-0.44
2023	14.71	12.58	-2.12	186	-0.05	-0.47	-0.42
2024	14.95	12.62	-2.33	167	-0.07	-0.48	-0.40
2025	15.18	12.63	-2.55	147	-0.10	-0.48	-0.37
2026	15.34	12.65	-2.69	129	-0.13	-0.48	-0.34
2027	15.48	12.66	-2.82	110	-0.16	-0.48	-0.31
2028	15.62	12.67	-2.94	91	-0.20	-0.48	-0.29
2029	15.74	12.69	-3.05	73	-0.23	-0.48	-0.26
2030	15.84	12.70	-3.15	54	-0.26	-0.48	-0.23
2031	15.94	12.70	-3.23	35	-0.29	-0.49	-0.20
2032	16.01	12.71	-3.30	15	-0.31	-0.49	-0.17
2033	16.07	12.72	-3.35	----	-0.34	-0.49	-0.15
2034	16.10	12.72	-3.38	----	-0.36	-0.49	-0.13
2035	16.11	12.72	-3.39	----	-0.39	-0.49	-0.11
2036	16.15	12.73	-3.42	----	-0.41	-0.49	-0.09
2037	16.17	12.73	-3.44	----	-0.43	-0.49	-0.07
2038	16.17	12.73	-3.43	----	-0.45	-0.49	-0.05
2039	16.14	12.74	-3.41	----	-0.47	-0.50	-0.03
2040	16.11	12.73	-3.37	----	-0.48	-0.50	-0.01
2041	16.06	12.73	-3.33	----	-0.50	-0.50	0.00
2042	16.02	12.73	-3.29	----	-0.51	-0.50	0.01
2043	15.97	12.73	-3.24	----	-0.52	-0.50	0.03
2044	15.93	12.73	-3.20	----	-0.54	-0.50	0.04
2045	15.90	12.73	-3.17	----	-0.55	-0.50	0.05
2046	15.87	12.73	-3.14	----	-0.56	-0.50	0.06
2047	15.83	12.73	-3.10	----	-0.57	-0.50	0.07
2048	15.81	12.73	-3.08	----	-0.58	-0.50	0.07
2049	15.79	12.73	-3.06	----	-0.58	-0.50	0.08
2050	15.77	12.73	-3.04	----	-0.59	-0.50	0.09
2051	15.76	12.73	-3.03	----	-0.60	-0.50	0.09
2052	15.77	12.73	-3.04	----	-0.60	-0.50	0.10
2053	15.79	12.73	-3.05	----	-0.61	-0.50	0.10
2054	15.81	12.74	-3.08	----	-0.61	-0.50	0.11
2055	15.85	12.74	-3.11	----	-0.61	-0.50	0.11
2056	15.89	12.74	-3.15	----	-0.62	-0.51	0.11
2057	15.93	12.75	-3.19	----	-0.62	-0.51	0.12
2058	15.98	12.75	-3.23	----	-0.63	-0.51	0.12
2059	16.03	12.75	-3.28	----	-0.63	-0.51	0.12
2060	16.08	12.76	-3.32	----	-0.63	-0.51	0.13
2061	16.12	12.76	-3.36	----	-0.63	-0.51	0.13
2062	16.17	12.76	-3.41	----	-0.64	-0.51	0.13
2063	16.22	12.77	-3.45	----	-0.64	-0.51	0.13
2064	16.26	12.77	-3.49	----	-0.64	-0.51	0.14
2065	16.31	12.77	-3.54	----	-0.64	-0.51	0.14
2066	16.36	12.78	-3.58	----	-0.65	-0.51	0.14
2067	16.41	12.78	-3.63	----	-0.65	-0.51	0.14
2068	16.46	12.78	-3.68	----	-0.65	-0.51	0.14
2069	16.51	12.79	-3.73	----	-0.65	-0.51	0.15
2070	16.56	12.79	-3.77	----	-0.66	-0.51	0.15
2071	16.61	12.79	-3.81	----	-0.66	-0.51	0.15
2072	16.65	12.80	-3.85	----	-0.66	-0.51	0.15
2073	16.68	12.80	-3.88	----	-0.66	-0.51	0.15
2074	16.71	12.80	-3.91	----	-0.66	-0.51	0.15
2075	16.73	12.80	-3.93	----	-0.66	-0.51	0.15
2076	16.74	12.80	-3.94	----	-0.66	-0.51	0.16
2077	16.75	12.80	-3.94	----	-0.66	-0.51	0.16
2078	16.75	12.80	-3.94	----	-0.66	-0.51	0.16
2079	16.74	12.80	-3.94	----	-0.66	-0.51	0.16
2080	16.74	12.80	-3.93	----	-0.66	-0.51	0.16
2081	16.74	12.80	-3.93	----	-0.66	-0.51	0.16
2082	16.74	12.80	-3.94	----	-0.66	-0.51	0.16
2083	16.76	12.80	-3.95	----	-0.66	-0.51	0.16
2084	16.78	12.81	-3.97	----	-0.67	-0.51	0.16
2085	16.80	12.81	-4.00	----	-0.67	-0.51	0.16
2086	16.84	12.81	-4.03	----	-0.67	-0.51	0.16
2087	16.87	12.81	-4.06	----	-0.67	-0.51	0.16
2088	16.91	12.81	-4.10	----	-0.67	-0.51	0.16
2089	16.96	12.82	-4.14	----	-0.67	-0.51	0.16
2090	17.00	12.82	-4.18	----	-0.67	-0.51	0.17
2091	17.05	12.82	-4.22	----	-0.68	-0.51	0.17

				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 2016 Trustees Report.
2016-2090	16.04%	13.36%	-2.68%	2032	-0.46%	-0.48%	-0.02%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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Detailed Single Year Tables

Description of Proposed Provision: F5: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2018 and 6.5 percent for 2019 and later. Starting in 2018, reduce the corporate income tax rate from 35 to 27 percent.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
F5: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2018 and 6.5 percent for 2019 and later. Starting in 2018, reduce the corporate income tax rate from 35 to 27 percent.