Detailed Single Year Tables

Description of Proposed Provision:
F2: Starting in 2021, exempt individuals with more than 180 quarters of coverage from the OASDI payroll tax. Earnings exempted from OASDI payroll tax would not be used in computing benefits.

Financial Estimates for the OASDI Trust Fund Program

Proposal Change from Current Law
Expressed as a percentage of
current-law taxable payroll		 Trust fund
ratio as of
January 1		 Expressed as a percentage of
current-law taxable payroll
Calendar
year		 Cost
rate		 Income
rate		 Annual
balance		 Cost
rate		 Income
rate		 Annual
balance
202013.9213.00-0.92
261
0.000.000.00
202114.0512.47-1.58
248
0.00-0.43-0.43
202214.2512.47-1.77
230
-0.00-0.45-0.45
202314.4312.48-1.95
211
-0.00-0.46-0.46
202414.6412.51-2.13
191
-0.01-0.47-0.46
202514.8712.52-2.34
172
-0.01-0.48-0.46
202615.1012.64-2.46
151
-0.02-0.48-0.47
202715.3312.66-2.67
131
-0.02-0.49-0.47
202815.5612.69-2.87
111
-0.02-0.50-0.47
202915.8112.72-3.09
90
-0.03-0.51-0.48
203015.9912.73-3.26
70
-0.03-0.51-0.48
203116.1612.74-3.42
49
-0.03-0.52-0.49
203216.3012.74-3.56
28
-0.03-0.53-0.49
203316.4112.74-3.67
7
-0.04-0.53-0.50
203416.5112.75-3.77
----
-0.04-0.54-0.50
203516.5812.75-3.84
----
-0.04-0.55-0.51
203616.6412.74-3.90
----
-0.04-0.55-0.51
203716.6912.74-3.95
----
-0.05-0.56-0.51
203816.7412.74-4.00
----
-0.05-0.57-0.52
203916.7712.74-4.03
----
-0.05-0.57-0.52
204016.8012.74-4.06
----
-0.05-0.58-0.53
204116.8112.73-4.07
----
-0.05-0.59-0.53
204216.8112.73-4.08
----
-0.05-0.59-0.54
204316.8012.72-4.08
----
-0.05-0.60-0.55
204416.7812.71-4.06
----
-0.05-0.61-0.55
204516.7612.71-4.05
----
-0.05-0.61-0.56
204616.7412.70-4.04
----
-0.06-0.62-0.56
204716.7312.70-4.04
----
-0.06-0.62-0.57
204816.7312.69-4.04
----
-0.06-0.63-0.57
204916.7312.69-4.04
----
-0.06-0.64-0.58
205016.7312.68-4.05
----
-0.06-0.64-0.59
205116.7412.68-4.06
----
-0.06-0.65-0.59
205216.7512.67-4.08
----
-0.06-0.65-0.60
205316.7812.67-4.11
----
-0.06-0.66-0.60
205416.8012.67-4.14
----
-0.06-0.66-0.61
205516.8412.66-4.17
----
-0.06-0.67-0.61
205616.8812.66-4.21
----
-0.06-0.68-0.62
205716.9212.66-4.26
----
-0.06-0.68-0.63
205816.9712.66-4.31
----
-0.06-0.69-0.63
205917.0312.66-4.37
----
-0.06-0.69-0.64
206017.0912.66-4.43
----
-0.06-0.70-0.64
206117.1512.66-4.49
----
-0.06-0.70-0.65
206217.2112.66-4.55
----
-0.06-0.71-0.65
206317.2712.66-4.61
----
-0.06-0.71-0.66
206417.3312.66-4.68
----
-0.06-0.72-0.66
206517.4012.66-4.74
----
-0.06-0.72-0.67
206617.4712.66-4.81
----
-0.06-0.73-0.67
206717.5412.66-4.88
----
-0.06-0.73-0.67
206817.6012.66-4.95
----
-0.06-0.74-0.68
206917.6712.66-5.02
----
-0.06-0.74-0.68
207017.7412.66-5.09
----
-0.06-0.75-0.69
207117.8112.66-5.15
----
-0.06-0.75-0.69
207217.8712.66-5.21
----
-0.06-0.76-0.70
207317.9212.66-5.27
----
-0.06-0.76-0.70
207417.9712.66-5.32
----
-0.06-0.77-0.71
207518.0212.65-5.36
----
-0.06-0.77-0.71
207618.0512.65-5.40
----
-0.06-0.78-0.71
207718.0812.65-5.43
----
-0.06-0.78-0.72
207818.0912.65-5.44
----
-0.06-0.79-0.72
207918.0912.64-5.44
----
-0.06-0.79-0.73
208018.0712.64-5.44
----
-0.06-0.79-0.73
208118.0512.63-5.42
----
-0.06-0.80-0.74
208218.0312.63-5.40
----
-0.06-0.80-0.74
208318.0012.62-5.38
----
-0.06-0.81-0.74
208417.9712.62-5.35
----
-0.06-0.81-0.75
208517.9312.61-5.32
----
-0.06-0.82-0.75
208617.8912.60-5.29
----
-0.06-0.82-0.76
208717.8612.60-5.26
----
-0.06-0.83-0.76
208817.8312.59-5.24
----
-0.06-0.83-0.76
208917.8112.58-5.23
----
-0.06-0.83-0.77
209017.8012.58-5.22
----
-0.06-0.84-0.77
209117.8012.58-5.23
----
-0.06-0.84-0.78
209217.8212.57-5.24
----
-0.06-0.85-0.78
209317.8412.57-5.27
----
-0.06-0.85-0.78
209417.8712.57-5.30
----
-0.06-0.85-0.79
209517.9112.57-5.34
----
-0.06-0.86-0.79

Summarized Estimates

Proposal Change from Current Law
Years Cost
rate		 Income
rate		 Actuarial
balance		 Year of reserve
depletion1		 Cost
rate		 Income
rate		 Actuarial
balance
2020-2094 17.01% 13.20% -3.81% 2033 -0.05% -0.65% -0.60%

1 Under current law, the year of Trust Fund reserve depletion is 2035.
Based on Intermediate Assumptions of the 2020 Trustees Report.