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Detailed Single Year Tables

Description of Proposed Provision:
Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2012. Do not provide benefit credit for earnings above the current-law taxable maximum.

 

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
201113.3512.52-0.82
353
0.000.000.00
201213.2313.370.14
347
0.000.510.51
201313.1813.410.23
344
0.000.550.55
201413.1813.470.29
342
0.000.560.56
201513.2413.500.25
339
0.000.560.56
201613.3313.530.20
336
0.000.560.56
201713.4613.560.10
333
0.000.560.56
201813.6213.59-0.02
329
0.000.560.56
201913.8813.61-0.27
322
0.000.560.57
202014.1913.62-0.57
314
0.000.560.56
202114.5213.64-0.87
305
0.000.560.56
202214.8313.66-1.16
295
0.000.560.57
202315.1213.68-1.44
285
0.000.560.57
202415.4013.70-1.70
273
0.000.560.57
202515.6713.71-1.96
261
0.000.560.57
202615.9213.73-2.19
249
-0.010.560.57
202716.1413.74-2.40
235
-0.010.560.57
202816.3413.75-2.59
221
-0.010.560.57
202916.5113.77-2.74
206
-0.010.560.57
203016.6513.78-2.87
191
-0.010.560.57
203116.7513.78-2.97
175
-0.010.560.57
203216.8513.79-3.05
159
-0.010.560.57
203316.9213.80-3.12
142
-0.010.570.57
203416.9713.80-3.17
126
-0.010.570.57
203517.0013.81-3.20
109
-0.010.570.58
203617.0213.81-3.21
91
-0.010.570.58
203717.0313.81-3.22
74
-0.010.570.58
203817.0113.81-3.19
56
-0.010.570.58
203916.9813.81-3.16
39
-0.010.570.58
204016.9413.81-3.13
21
-0.010.570.58
204116.9013.81-3.09
3
-0.010.570.58
204216.8613.81-3.05
----
-0.010.570.58
204316.8213.81-3.01
----
-0.010.570.58
204416.8013.81-2.99
----
-0.020.570.58
204516.7713.81-2.96
----
-0.020.570.58
204616.7413.81-2.93
----
-0.020.570.58
204716.7213.81-2.91
----
-0.020.570.58
204816.7013.81-2.89
----
-0.020.570.59
204916.6813.81-2.87
----
-0.020.570.59
205016.6713.81-2.85
----
-0.020.570.59
205116.6613.81-2.85
----
-0.020.570.59
205216.6613.81-2.85
----
-0.020.570.59
205316.6713.82-2.85
----
-0.020.570.59
205416.6813.82-2.86
----
-0.020.570.59
205516.7013.82-2.88
----
-0.020.570.59
205616.7213.82-2.90
----
-0.020.570.59
205716.7413.82-2.92
----
-0.020.570.59
205816.7613.83-2.93
----
-0.020.570.59
205916.7713.83-2.94
----
-0.020.570.59
206016.7813.83-2.95
----
-0.020.570.60
206116.7913.83-2.96
----
-0.020.570.60
206216.8013.83-2.97
----
-0.020.570.60
206316.8113.83-2.98
----
-0.030.570.60
206416.8213.84-2.99
----
-0.030.570.60
206516.8413.84-3.00
----
-0.030.570.60
206616.8613.84-3.02
----
-0.030.570.60
206716.8913.84-3.05
----
-0.030.570.60
206816.9113.84-3.07
----
-0.030.570.60
206916.9413.85-3.10
----
-0.030.570.60
207016.9813.85-3.13
----
-0.030.570.60
207117.0113.85-3.16
----
-0.030.570.60
207217.0413.85-3.19
----
-0.030.570.60
207317.0813.86-3.22
----
-0.030.570.60
207417.1213.86-3.26
----
-0.030.580.60
207517.1513.86-3.29
----
-0.030.580.60
207617.1913.86-3.32
----
-0.030.580.60
207717.2213.87-3.36
----
-0.030.580.60
207817.2613.87-3.39
----
-0.030.580.60
207917.3013.87-3.42
----
-0.030.580.60
208017.3313.88-3.46
----
-0.030.580.60
208117.3713.88-3.49
----
-0.030.580.60
208217.4113.88-3.53
----
-0.030.580.60
208317.4513.88-3.57
----
-0.030.580.60
208417.4913.89-3.60
----
-0.030.580.60
208517.5313.89-3.64
----
-0.030.580.61
208617.5713.89-3.67
----
-0.030.580.60



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of
exhaustion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085 16.23% 14.58% -1.65%
2041
-0.01% 0.56% 0.57%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011