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Detailed Single Year Tables

Description of Proposed Provision:
Raise payroll tax rates (for employees and employers combined) by 1.9 percentage points in 2023-52 (to 14.3% combined) and by an additional 1.9 percentage points in 2053 (to 16.2% combined).

 

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
201013.0912.33-0.76
355
0.000.000.00
201113.0412.91-0.12
353
0.000.000.00
201212.8412.870.03
350
0.000.000.00
201312.8212.900.08
346
0.000.000.00
201412.8612.920.06
341
0.000.000.00
201512.9812.94-0.04
335
0.000.000.00
201613.1012.96-0.14
330
0.000.000.00
201713.3012.99-0.32
324
0.000.000.00
201813.5513.01-0.53
317
0.000.000.00
201913.8413.03-0.81
309
0.000.000.00
202014.1513.05-1.10
299
0.000.000.00
202114.4513.07-1.39
289
0.000.000.00
202214.7513.08-1.66
277
0.000.000.00
202315.0214.81-0.21
265
0.001.711.71
202415.2814.92-0.37
262
0.001.801.80
202515.5314.93-0.60
259
0.001.801.80
202615.7514.95-0.81
255
0.001.801.80
202715.9514.96-0.99
250
0.001.801.80
202816.1314.97-1.15
245
0.001.801.81
202916.2814.98-1.30
239
-0.011.801.81
203016.4014.99-1.41
232
-0.011.801.81
203116.5015.00-1.50
225
-0.011.801.81
203216.5815.01-1.57
218
-0.011.801.81
203316.6515.02-1.63
211
-0.011.801.81
203416.6915.02-1.67
203
-0.011.801.81
203516.7215.03-1.69
195
-0.011.801.81
203616.7315.03-1.70
188
-0.011.801.81
203716.7215.03-1.69
180
-0.011.801.81
203816.7015.03-1.67
172
-0.011.801.82
203916.6715.03-1.63
165
-0.011.801.82
204016.6315.03-1.59
158
-0.021.801.82
204116.5815.03-1.55
151
-0.021.801.82
204216.5415.03-1.50
144
-0.021.801.82
204316.4915.03-1.46
137
-0.021.801.82
204416.4515.03-1.42
130
-0.021.801.82
204516.4215.03-1.39
124
-0.021.801.83
204616.3915.03-1.36
117
-0.021.801.83
204716.3715.03-1.34
111
-0.021.801.83
204816.3515.03-1.32
104
-0.031.801.83
204916.3215.03-1.29
98
-0.031.811.83
205016.3015.03-1.27
92
-0.031.811.84
205116.2915.03-1.26
85
-0.031.811.84
205216.2915.03-1.26
79
-0.031.811.84
205316.3016.730.44
72
-0.033.513.54
205416.3116.820.52
76
-0.043.593.63
205516.3316.830.50
80
-0.043.603.64
205616.3516.830.48
84
-0.043.603.64
205716.3716.830.46
88
-0.043.603.64
205816.3916.840.44
92
-0.053.603.64
205916.4116.840.43
96
-0.053.603.65
206016.4316.840.41
100
-0.053.603.65
206116.4516.850.39
104
-0.053.603.65
206216.4816.850.37
107
-0.063.603.66
206316.5016.850.35
111
-0.063.603.66
206416.5316.850.33
114
-0.063.603.66
206516.5516.860.30
118
-0.063.603.67
206616.5916.860.27
121
-0.063.603.67
206716.6216.860.24
124
-0.073.613.67
206816.6616.870.21
127
-0.073.613.67
206916.6916.870.18
129
-0.073.613.68
207016.7316.880.14
132
-0.073.613.68
207116.7716.880.10
134
-0.073.613.68
207216.8216.880.07
137
-0.083.613.69
207316.8616.890.03
138
-0.083.613.69
207416.9016.89-0.01
140
-0.083.613.69
207516.9416.90-0.05
142
-0.083.613.70
207616.9916.90-0.09
143
-0.083.613.70
207717.0316.90-0.13
144
-0.093.623.70
207817.0716.91-0.17
145
-0.093.623.71
207917.1216.91-0.20
146
-0.093.623.71
208017.1616.91-0.24
146
-0.093.623.71
208117.2016.92-0.28
147
-0.093.623.71
208217.2416.92-0.32
147
-0.103.623.72
208317.2816.93-0.36
147
-0.103.623.72
208417.3316.93-0.40
146
-0.103.623.72
208517.3716.93-0.43
146
-0.103.623.73



 

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 2010 Trustees Report.
2010-2084 15.90% 15.97% 0.07%
N/A
-0.03% 1.96% 1.99%
 
1 Under present law, the year of exhaustion is 2037.

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Last reviewed or modified March 2, 2011