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Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2020, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2020. Provide proportional 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
201213.8312.89-0.93
340
0.000.000.00
201313.9512.83-1.12
329
0.000.000.00
201413.9812.93-1.05
315
0.000.000.00
201513.9712.95-1.01
302
0.000.000.00
201613.9412.98-0.96
290
0.000.000.00
201713.9113.01-0.91
277
0.000.000.00
201813.9613.03-0.93
265
0.000.000.00
201914.1313.05-1.08
253
0.000.000.00
202014.3713.24-1.13
240
0.000.170.17
202114.6513.29-1.37
228
0.000.180.18
202214.9713.31-1.67
215
0.000.180.18
202315.2913.32-1.96
201
0.000.180.18
202415.6013.34-2.25
185
0.000.180.18
202515.8813.36-2.52
170
0.000.180.18
202616.1513.38-2.78
154
0.000.180.18
202716.4213.39-3.02
137
0.000.180.18
202816.6413.41-3.23
119
0.000.180.18
202916.8413.42-3.42
100
0.010.180.18
203017.0113.43-3.58
81
0.010.180.17
203117.1513.44-3.71
61
0.010.180.17
203217.2613.45-3.81
40
0.010.180.17
203317.3413.45-3.89
19
0.010.180.17
203417.3913.46-3.93
----
0.010.180.17
203517.4213.46-3.96
----
0.010.180.17
203617.4413.46-3.98
----
0.020.180.17
203717.4513.47-3.98
----
0.020.180.17
203817.4413.47-3.97
----
0.020.180.16
203917.4113.47-3.95
----
0.020.180.16
204017.3813.47-3.91
----
0.020.180.16
204117.3413.47-3.88
----
0.020.180.16
204217.3113.46-3.84
----
0.030.180.16
204317.2713.46-3.81
----
0.030.190.16
204417.2413.46-3.78
----
0.030.190.15
204517.2213.46-3.76
----
0.030.190.15
204617.2013.46-3.73
----
0.040.190.15
204717.1713.46-3.71
----
0.040.190.15
204817.1513.46-3.69
----
0.040.190.15
204917.1413.46-3.68
----
0.040.190.15
205017.1213.46-3.66
----
0.040.190.14
205117.1213.46-3.65
----
0.050.190.14
205217.1213.46-3.65
----
0.050.190.14
205317.1213.46-3.66
----
0.050.190.14
205417.1313.47-3.67
----
0.050.190.14
205517.1513.47-3.68
----
0.060.190.13
205617.1613.47-3.69
----
0.060.190.13
205717.1813.47-3.71
----
0.060.190.13
205817.2013.47-3.73
----
0.060.190.13
205917.2113.48-3.74
----
0.060.190.13
206017.2213.48-3.75
----
0.070.190.13
206117.2313.48-3.75
----
0.070.190.12
206217.2413.48-3.76
----
0.070.190.12
206317.2513.48-3.77
----
0.070.190.12
206417.2613.48-3.78
----
0.070.190.12
206517.2813.48-3.79
----
0.080.190.12
206617.3013.48-3.81
----
0.080.190.12
206717.3213.49-3.83
----
0.080.200.12
206817.3513.49-3.86
----
0.080.200.11
206917.3813.49-3.89
----
0.080.200.11
207017.4113.49-3.92
----
0.080.200.11
207117.4413.50-3.94
----
0.080.200.11
207217.4613.50-3.97
----
0.090.200.11
207317.4913.50-3.99
----
0.090.200.11
207417.5213.50-4.02
----
0.090.200.11
207517.5513.50-4.05
----
0.090.200.11
207617.5813.51-4.07
----
0.090.200.11
207717.6013.51-4.09
----
0.090.200.11
207817.6313.51-4.12
----
0.090.200.11
207917.6613.51-4.15
----
0.090.200.11
208017.7013.51-4.18
----
0.090.200.11
208117.7313.52-4.22
----
0.090.200.11
208217.7713.52-4.25
----
0.090.200.11
208317.8113.52-4.29
----
0.090.200.11
208417.8513.52-4.32
----
0.090.200.11
208517.8913.53-4.36
----
0.100.200.11
208617.9313.53-4.40
----
0.100.200.10
208717.9713.53-4.43
----
0.100.200.10



 

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 2012 Trustees Report.
2012-2086 16.72% 14.18% -2.54%
2033
0.04% 0.16% 0.13%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013