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Detailed Single Year Tables

Description of Proposed Provision:
Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2014-2061, and a 3 percent rate for years 2062 and later. 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
201213.2312.87-0.36
347
0.000.000.00
201313.1812.87-0.31
341
0.000.000.00
201413.1813.270.08
334
0.000.350.35
201513.2413.310.07
330
0.000.370.37
201613.3313.340.02
326
0.000.370.37
201713.4613.38-0.09
322
0.000.370.37
201813.6213.40-0.21
316
0.000.380.38
201913.8813.42-0.46
309
0.000.380.38
202014.1913.43-0.76
300
0.000.380.38
202114.5213.46-1.06
289
0.000.380.38
202214.8313.47-1.35
279
0.000.380.38
202315.1213.49-1.63
267
0.000.380.38
202415.4013.51-1.89
254
0.000.380.38
202515.6713.52-2.15
241
0.000.380.38
202615.9213.54-2.38
227
0.000.380.38
202716.1413.55-2.59
213
0.000.380.38
202816.3413.57-2.78
197
0.000.380.38
202916.5113.58-2.94
181
0.000.380.38
203016.6513.59-3.06
165
0.000.380.38
203116.7613.60-3.16
148
0.000.380.38
203216.8513.60-3.25
130
0.000.380.38
203316.9213.61-3.31
112
0.000.380.38
203416.9813.62-3.36
94
-0.010.380.38
203517.0113.62-3.39
76
-0.010.380.38
203617.0313.62-3.40
57
-0.010.380.38
203717.0313.63-3.41
38
-0.010.380.38
203817.0113.63-3.39
19
-0.010.380.38
203916.9813.63-3.36
----
-0.010.380.38
204016.9513.63-3.32
----
-0.010.380.39
204116.9013.63-3.28
----
-0.010.380.39
204216.8613.62-3.24
----
-0.010.380.39
204316.8313.62-3.21
----
-0.010.380.39
204416.8013.62-3.18
----
-0.010.380.39
204516.7813.62-3.15
----
-0.010.380.39
204616.7513.62-3.13
----
-0.010.380.39
204716.7313.62-3.11
----
-0.010.380.39
204816.7113.62-3.09
----
-0.010.380.39
204916.6913.62-3.07
----
-0.010.380.39
205016.6713.62-3.05
----
-0.010.380.39
205116.6713.62-3.04
----
-0.010.380.39
205216.6713.62-3.04
----
-0.010.380.39
205316.6813.63-3.05
----
-0.010.380.39
205416.6913.63-3.06
----
-0.010.380.39
205516.7113.63-3.08
----
-0.010.380.39
205616.7313.63-3.10
----
-0.010.380.39
205716.7513.63-3.11
----
-0.010.380.39
205816.7713.64-3.13
----
-0.010.380.39
205916.7813.64-3.14
----
-0.010.380.40
206016.7913.64-3.15
----
-0.010.380.40
206116.8013.64-3.16
----
-0.020.380.40
206216.8113.82-2.99
----
-0.020.560.58
206316.8213.83-2.99
----
-0.020.570.59
206416.8313.84-3.00
----
-0.020.570.59
206516.8513.84-3.01
----
-0.020.570.59
206616.8713.84-3.03
----
-0.020.570.59
206716.9013.84-3.05
----
-0.020.570.59
206816.9213.84-3.08
----
-0.020.570.59
206916.9513.85-3.11
----
-0.020.570.59
207016.9913.85-3.14
----
-0.020.570.59
207117.0213.85-3.16
----
-0.020.570.59
207217.0513.85-3.19
----
-0.020.570.59
207317.0913.86-3.23
----
-0.020.580.59
207417.1213.86-3.26
----
-0.020.580.59
207517.1613.86-3.30
----
-0.020.580.59
207617.2013.86-3.33
----
-0.020.580.59
207717.2313.87-3.36
----
-0.020.580.59
207817.2713.87-3.40
----
-0.020.580.60
207917.3013.87-3.43
----
-0.020.580.60
208017.3413.88-3.47
----
-0.020.580.60
208117.3813.88-3.50
----
-0.020.580.60
208217.4213.88-3.54
----
-0.020.580.60
208317.4613.88-3.57
----
-0.020.580.60
208417.5013.89-3.61
----
-0.020.580.60
208517.5413.89-3.65
----
-0.020.580.60
208617.5713.89-3.68
----
-0.020.580.60



 

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 16.24% 14.43% -1.81%
2038
-0.01% 0.40% 0.41%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011