CATEGORY: TAXATION CHANGES
PROPOSAL:Increase the earnings subject to taxation: Make all earnings subject to the Social Security payroll tax, and include these earnings in benefit computations

Projected effects on beneficiaries in 2070

Table 1. Individual benefit changes, 2070: Remove Taxable Maximum vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Benefits Higher Benefits Lower Benefits Higher Benefits
Total 0% 0% 19% 0% 100%
Sex
Female 0% 0% 17% 0% 100%
Male 0% 0% 21% 0% 100%
Ethnicity/Race
Hispanic 0% 0% 10% 0% 100%
White 0% 0% 22% 0% 100%
Black 0% 0% 10% 0% 100%
Other 0% 0% 31% 0% 100%
Country of Birth
U.S. 0% 0% 19% 0% 100%
Foreign 0% 0% 19% 0% 100%
Age
60-69 0% 0% 15% 0% 100%
70-79 0% 0% 19% 0% 100%
80-89 0% 0% 21% 0% 100%
90+ 0% 0% 26% 0% 100%
Marital Status
Married 0% 0% 21% 0% 100%
Divorced 0% 0% 17% 0% 100%
Widowed 0% 0% 22% 0% 100%
Never Married 0% 0% 13% 0% 100%
Education
Graduate 0% 0% 38% 0% 100%
Bachelor 0% 0% 34% 0% 100%
Associate 0% 0% 12% 0% 100%
High School 0% 0% 9% 0% 100%
Less than 12 Yrs 0% 0% 6% 0% 100%
Official Poverty
Above poverty 0% 0% 19%
In poverty 0% 0% 0%
Household Income Quintile
$221,317+ 0% 0% 45% 0% 100%
$116,305 - $221,317 0% 0% 24% 0% 100%
$67,516 - $116,305 0% 0% 15% 0% 100%
$36,533 - $67,516 0% 0% 8% 0% 100%
$0-$36,533 0% 0% 2% 0% 100%
Current Law Benefit Type
Retired worker 0% 0% 19% 0% 100%
Widow(er) 0% 0% 20% 0% 100%
Spouse 0% 0% 31% 0% 100%
Disabled worker 0% 0% 4% 0% 100%
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Note: — = sample size is too small.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 1. Individual benefit changes, 2070: Remove Taxable Maximum vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Benefits Higher Benefits Lower Benefits Higher Benefits
Total 0% 100% 0% 100%
Sex
Female 0% 100% 0% 100%
Male 0% 100% 0% 100%
Ethnicity/Race
Hispanic 0% 100% 0% 100%
White 0% 100% 0% 100%
Black 0% 100% 0% 100%
Other 0% 100% 0% 100%
Country of Birth
U.S. 0% 100% 0% 100%
Foreign 0% 100% 0% 100%
Age
60-69 0% 100% 0% 100%
70-79 0% 100% 0% 100%
80-89 0% 100% 0% 100%
90+ 0% 100% 0% 100%
Marital Status
Married 0% 100% 0% 100%
Divorced 0% 100% 0% 100%
Widowed 0% 100% 0% 100%
Never Married 0% 100% 0% 100%
Education
Graduate 0% 100% 0% 100%
Bachelor 0% 100% 0% 100%
Associate 0% 100% 0% 100%
High School 0% 100% 0% 100%
Less than 12 Yrs 0% 100% 0% 100%
Official Poverty
Above poverty 0% 100%
In poverty 0% 100%
Household Income Quintile
$221,317+ 0% 100% 0% 100%
$116,305 - $221,317 0% 100% 0% 100%
$67,516 - $116,305 0% 100% 0% 100%
$36,533 - $67,516 0% 100% 0% 100%
$0-$36,533 0% 100% 0% 100%
Current Law Benefit Type
Retired worker 0% 100% 0% 100%
Widow(er) 0% 100% 0% 100%
Spouse 0% 100% 0% 100%
Disabled worker 0% 100% 0% 100%
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Note: — = sample size is too small.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 2. Household income changes, 2070: Remove Taxable Maximum vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Income Higher Income Lower Income Higher Income
Total 0% 0% 14% 0% 70%
Sex
Female 0% 0% 14% 0% 72%
Male 0% 0% 15% 0% 68%
Ethnicity/Race
Hispanic 0% 0% 8% 0% 70%
White 0% 0% 16% 0% 69%
Black 0% 0% 8% 0% 69%
Other 0% 0% 24% 0% 72%
Country of Birth
U.S. 0% 0% 14% 0% 69%
Foreign 0% 0% 15% 0% 72%
Age
60-69 0% 0% 11% 0% 71%
70-79 0% 0% 15% 0% 72%
80-89 0% 0% 16% 0% 70%
90+ 0% 0% 17% 0% 61%
Marital Status
Married 0% 0% 17% 0% 71%
Divorced 0% 0% 12% 0% 72%
Widowed 0% 0% 15% 0% 68%
Never Married 0% 0% 9% 0% 66%
Education
Graduate 0% 0% 29% 0% 71%
Bachelor 0% 0% 26% 0% 70%
Associate 0% 0% 9% 0% 67%
High School 0% 0% 7% 0% 70%
Less than 12 Yrs 0% 0% 4% 0% 66%
Official Poverty
Above poverty 0% 0% 15%
In poverty 0% 0% 0%
Household Income Quintile
$221,317+ 0% 0% 31% 0% 64%
$116,305 - $221,317 0% 0% 19% 0% 71%
$67,516 - $116,305 0% 0% 12% 0% 75%
$36,533 - $67,516 0% 0% 7% 0% 86%
$0-$36,533 0% 0% 2% 0% 92%
Current Law Benefit Type
Retired worker 0% 0% 14% 0% 68%
Widow(er) 0% 0% 15% 0% 75%
Spouse 0% 0% 24% 0% 77%
Disabled worker 0% 0% 3% 0% 74%
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Note: — = sample size is too small.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 2. Household income changes, 2070: Remove Taxable Maximum vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Income Higher Income Lower Income Higher Income
Total 0% 98% 0% 99%
Sex
Female 0% 98% 0% 98%
Male 0% 98% 0% 99%
Ethnicity/Race
Hispanic 0% 98% 0% 99%
White 0% 98% 0% 99%
Black 0% 98% 0% 99%
Other 0% 97% 0% 97%
Country of Birth
U.S. 0% 98% 0% 99%
Foreign 0% 96% 0% 98%
Age
60-69 0% 97% 0% 99%
70-79 0% 99% 0% 99%
80-89 0% 99% 0% 99%
90+ 0% 97% 0% 97%
Marital Status
Married 0% 98% 0% 99%
Divorced 0% 99% 0% 99%
Widowed 0% 98% 0% 98%
Never Married 0% 97% 0% 98%
Education
Graduate 0% 98% 0% 98%
Bachelor 0% 98% 0% 98%
Associate 0% 99% 0% 99%
High School 0% 98% 0% 99%
Less than 12 Yrs 0% 97% 0% 99%
Official Poverty
Above poverty 0% 98%
In poverty 4% 85%
Household Income Quintile
$221,317+ 0% 93% 0% 97%
$116,305 - $221,317 0% 99% 0% 100%
$67,516 - $116,305 0% 100% 0% 100%
$36,533 - $67,516 0% 100% 0% 100%
$0-$36,533 0% 98% 0% 100%
Current Law Benefit Type
Retired worker 0% 98% 0% 99%
Widow(er) 0% 98% 0% 99%
Spouse 0% 98% 0% 98%
Disabled worker 0% 98% 0% 100%
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Note: — = sample size is too small.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 3. Poverty, 2070: Remove Taxable Maximum vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic Poverty Rate Population Change (thousands)
Scheduled Option Change
Total 2.1% 2.1% 0.0% 0
Sex
Female 2.4% 2.4% 0.0% 0
Male 1.8% 1.8% 0.0% 0
Ethnicity/Race
Hispanic 2.9% 2.9% 0.0% 0
White 1.4% 1.4% 0.0% 0
Black 4.2% 4.2% 0.0% 0
Other 2.3% 2.3% 0.0% 0
Country of Birth
U.S. 1.6% 1.6% 0.0% 0
Foreign 3.9% 3.9% 0.0% 0
Age
60-69 2.4% 2.4% 0.0% 0
70-79 2.0% 2.0% 0.0% 0
80-89 2.1% 2.1% 0.0% 0
90+ 1.6% 1.6% 0.0% 0
Marital Status
Married 0.7% 0.7% 0.0% 0
Divorced 2.6% 2.6% 0.0% 0
Widowed 1.9% 1.9% 0.0% 0
Never Married 5.3% 5.3% 0.0% 0
Education
Graduate 0.8% 0.8% 0.0% 0
Bachelor 0.8% 0.8% 0.0% 0
Associate 1.5% 1.5% 0.0% 0
High School 2.9% 2.9% 0.0% 0
Less than 12 Yrs 5.5% 5.5% 0.0% 0
Official Poverty
Above poverty 0.0% 0.0% 0.0% 0
In poverty 100.0% 100.0% 0.0% 0
Household Income Quintile
$221,317+ 0.0% 0.0% 0.0% 0
$116,305 - $221,317 0.0% 0.0% 0.0% 0
$67,516 - $116,305 0.0% 0.0% 0.0% 0
$36,533 - $67,516 0.2% 0.2% 0.0% 0
$0-$36,533 10.3% 10.3% 0.0% 0
Current Law Benefit Type
Retired worker 2.2% 2.2% 0.0% 0
Widow(er) 1.4% 1.4% 0.0% 0
Spouse 1.9% 1.9% 0.0% 0
Disabled worker 3.2% 3.2% 0.0% 0
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 3. Poverty, 2070: Remove Taxable Maximum vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic Poverty Rate Population Change (thousands)
Payable Option Change
Total 4.7% 2.1% -2.6% -2,534
Sex
Female 5.3% 2.4% -2.9% -1,478
Male 4.0% 1.8% -2.2% -1,056
Ethnicity/Race
Hispanic 6.3% 2.9% -3.4% -808
White 3.2% 1.4% -1.8% -1,006
Black 9.0% 4.2% -4.8% -477
Other 4.8% 2.3% -2.5% -242
Country of Birth
U.S. 3.9% 1.6% -2.3% -1,801
Foreign 7.2% 3.9% -3.4% -733
Age
60-69 4.9% 2.4% -2.5% -697
70-79 4.5% 2.0% -2.5% -918
80-89 4.9% 2.1% -2.8% -696
90+ 4.0% 1.6% -2.5% -222
Marital Status
Married 1.5% 0.7% -0.7% -338
Divorced 6.1% 2.6% -3.5% -711
Widowed 5.2% 1.9% -3.2% -492
Never Married 10.8% 5.3% -5.5% -992
Education
Graduate 1.6% 0.8% -0.9% -119
Bachelor 1.7% 0.8% -0.9% -197
Associate 3.7% 1.5% -2.2% -469
High School 6.6% 2.9% -3.7% -1,182
Less than 12 Yrs 11.0% 5.5% -5.4% -565
Official Poverty
Above poverty 2.6% 0.0% -2.6% -2,538
In poverty 99.8% 100.0%
Household Income Quintile
$221,317+ 0.0% 0.0% 0.0% -4
$116,305 - $221,317 0.1% 0.0% -0.1% -10
$67,516 - $116,305 0.2% 0.0% -0.1% -25
$36,533 - $67,516 0.7% 0.2% -0.5% -106
$0-$36,533 22.3% 10.3% -12.0% -2,388
Current Law Benefit Type
Retired worker 4.6% 2.2% -2.4% -1,855
Widow(er) 4.5% 1.4% -3.0% -414
Spouse 4.0% 1.9% -2.1% -116
Disabled worker 6.8% 3.2% -3.6% -148
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 4. Beneficiary characteristics, 2070: Remove Taxable Maximum vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All beneficiaries Affected beneficiaries Beneficiaries with lower benefits Beneficiaries with higher benefits
Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent
Total 99,367 100.0 18,694 100.0 10 100.0 18,685 100.0
Sex
Female 51,669 52.0 8,716 46.6 10 100.0 8,706 46.6
Male 47,698 48.0 9,979 53.4 . . . . . . 9,979 53.4
Ethnicity/Race
Hispanic 23,798 23.9 2,452 13.1 4 43.1 2,448 13.1
White 55,862 56.2 12,202 65.3 6 56.9 12,196 65.3
Black 10,043 10.1 1,030 5.5 . . . . . . 1,030 5.5
Other 9,664 9.7 3,010 16.1 . . . . . . 3,010 16.1
Country of Birth
U.S. 77,479 78.0 14,432 77.2 8 85.2 14,424 77.2
Foreign 21,888 22.0 4,262 22.8 1 14.8 4,261 22.8
Age
60-69 28,040 28.2 4,124 22.1 3 28.4 4,122 22.1
70-79 37,436 37.7 7,058 37.8 1 14.8 7,057 37.8
80-89 24,883 25.0 5,174 27.7 6 56.9 5,169 27.7
90+ 9,008 9.1 2,337 12.5 . . . . . . 2,337 12.5
Marital Status
Married 45,743 46.0 9,552 51.1 7 71.6 9,545 51.1
Divorced 20,504 20.6 3,404 18.2 3 28.4 3,401 18.2
Widowed 15,160 15.3 3,381 18.1 . . . . . . 3,381 18.1
Never Married 17,960 18.1 2,358 12.6 . . . . . . 2,358 12.6
Education
Graduate 13,734 13.8 5,265 28.2 6 56.9 5,259 28.1
Bachelor 22,043 22.2 7,585 40.6 . . . . . . 7,585 40.6
Associate 21,221 21.4 2,460 13.2 . . . . . . 2,460 13.2
High School 31,969 32.2 2,752 14.7 3 28.4 2,749 14.7
Less than 12 Yrs 10,400 10.5 632 3.4 1 14.8 631 3.4
Official Poverty
Above poverty 97,260 97.9 18,691 100.0 10 100.0 18,681 100.0
In poverty 2,107 2.1 4 0.0 . . . . . . 4 0.0
Household Income Quintile
$221,317+ 19,874 20.0 8,975 48.0 6 56.9 8,970 48.0
$116,305 - $221,317 19,873 20.0 4,791 25.6 . . . . . . 4,791 25.6
$67,516 - $116,305 19,873 20.0 2,963 15.9 . . . . . . 2,963 15.9
$36,533 - $67,516 19,870 20.0 1,590 8.5 4 43.1 1,585 8.5
$0-$36,533 19,877 20.0 375 2.0 . . . . . . 375 2.0
Current Law Benefit Type
Retired worker 76,149 76.6 14,144 75.7 7 71.6 14,137 75.7
Widow(er) 13,655 13.7 2,697 14.4 3 28.4 2,694 14.4
Spouse 5,494 5.5 1,696 9.1 . . . . . . 1,696 9.1
Disabled worker 4,069 4.1 158 0.8 . . . . . . 158 0.8
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 4. Beneficiary characteristics, 2070: Remove Taxable Maximum vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic All beneficiaries Affected beneficiaries Beneficiaries with lower benefits Beneficiaries with higher benefits
Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent
Total 99,367 100.0 99,367 100.0 . . . . . . 99,367 100.0
Sex
Female 51,669 52.0 51,669 52.0 . . . . . . 51,669 52.0
Male 47,698 48.0 47,698 48.0 . . . . . . 47,698 48.0
Ethnicity/Race
Hispanic 23,798 23.9 23,798 23.9 . . . . . . 23,798 23.9
White 55,862 56.2 55,862 56.2 . . . . . . 55,862 56.2
Black 10,043 10.1 10,043 10.1 . . . . . . 10,043 10.1
Other 9,664 9.7 9,664 9.7 . . . . . . 9,664 9.7
Country of Birth
U.S. 77,479 78.0 77,479 78.0 . . . . . . 77,479 78.0
Foreign 21,888 22.0 21,888 22.0 . . . . . . 21,888 22.0
Age
60-69 28,040 28.2 28,040 28.2 . . . . . . 28,040 28.2
70-79 37,436 37.7 37,436 37.7 . . . . . . 37,436 37.7
80-89 24,883 25.0 24,883 25.0 . . . . . . 24,883 25.0
90+ 9,008 9.1 9,008 9.1 . . . . . . 9,008 9.1
Marital Status
Married 45,743 46.0 45,743 46.0 . . . . . . 45,743 46.0
Divorced 20,504 20.6 20,504 20.6 . . . . . . 20,504 20.6
Widowed 15,160 15.3 15,160 15.3 . . . . . . 15,160 15.3
Never Married 17,960 18.1 17,960 18.1 . . . . . . 17,960 18.1
Education
Graduate 13,734 13.8 13,734 13.8 . . . . . . 13,734 13.8
Bachelor 22,043 22.2 22,043 22.2 . . . . . . 22,043 22.2
Associate 21,221 21.4 21,221 21.4 . . . . . . 21,221 21.4
High School 31,969 32.2 31,969 32.2 . . . . . . 31,969 32.2
Less than 12 Yrs 10,400 10.5 10,400 10.5 . . . . . . 10,400 10.5
Official Poverty
Above poverty 97,260 97.9 97,260 97.9 . . . . . . 97,260 97.9
In poverty 2,107 2.1 2,107 2.1 . . . . . . 2,107 2.1
Household Income Quintile
$221,317+ 19,874 20.0 19,874 20.0 . . . . . . 19,874 20.0
$116,305 - $221,317 19,873 20.0 19,873 20.0 . . . . . . 19,873 20.0
$67,516 - $116,305 19,873 20.0 19,873 20.0 . . . . . . 19,873 20.0
$36,533 - $67,516 19,870 20.0 19,870 20.0 . . . . . . 19,870 20.0
$0-$36,533 19,877 20.0 19,877 20.0 . . . . . . 19,877 20.0
Current Law Benefit Type
Retired worker 76,149 76.6 76,149 76.6 . . . . . . 76,149 76.6
Widow(er) 13,655 13.7 13,655 13.7 . . . . . . 13,655 13.7
Spouse 5,494 5.5 5,494 5.5 . . . . . . 5,494 5.5
Disabled worker 4,069 4.1 4,069 4.1 . . . . . . 4,069 4.1
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 5. Beneficiary Status, 2070: Remove Taxable Maximum vs. Scheduled (in thousands)
POPULATION: current law or option beneficiaries aged 60+
Characteristic Current Law Beneficiaries Changes in beneficiary status under proposed option Policy Option Beneficiaries
Added Removed Net Change
Total 99,367 0 99,402
Sex
Female 51,669 0 51,677
Male 47,698 0 47,725
Ethnicity/Race
Hispanic 23,798 0 23,802
White 55,862 0 55,882
Black 10,043 0 10,049
Other 9,664 0 9,669
Country of Birth
U.S. 77,479 0 77,507
Foreign 21,888 0 21,895
Age
60-69 28,040 0 28,075
70-79 37,436 0 0 37,436
80-89 24,883 0 0 24,883
90+ 9,008 0 0 9,008
Marital Status
Married 45,743 0 45,757
Divorced 20,504 0 20,512
Widowed 15,160 0 15,163
Never Married 17,960 0 17,969
Education
Graduate 13,734 0 13,748
Bachelor 22,043 0 22,057
Associate 21,221 0 21,227
High School 31,969 0 0 31,969
Less than 12 Yrs 10,400 0 10,401
Official Poverty
Above poverty 97,260 0 97,295
In poverty 2,107 0 0 2,107
Household Income Quintile
$221,317+ 19,874 0 19,895
$116,305 - $221,317 19,873 0 19,884
$67,516 - $116,305 19,873 0 19,876
$36,533 - $67,516 19,870 0 0 19,870
$0-$36,533 19,877 0 0 19,877
Current Law Benefit Type
Retired worker 76,149 0 0 76,149
Widow(er) 13,655 0 0 13,655
Spouse 5,494 0 0 5,494
Disabled worker 4,069 0 0 4,069
None 0 0 35
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 5. Beneficiary Status, 2070: Remove Taxable Maximum vs. Payable (in thousands)
POPULATION: current law or option beneficiaries aged 60+
Characteristic Current Law Beneficiaries Changes in beneficiary status under proposed option Policy Option Beneficiaries
Added Removed Net Change
Total 99,367 0 99,402
Sex
Female 51,669 0 51,677
Male 47,698 0 47,725
Ethnicity/Race
Hispanic 23,798 0 23,802
White 55,862 0 55,882
Black 10,043 0 10,049
Other 9,664 0 9,669
Country of Birth
U.S. 77,479 0 77,507
Foreign 21,888 0 21,895
Age
60-69 28,040 0 28,075
70-79 37,436 0 0 37,436
80-89 24,883 0 0 24,883
90+ 9,008 0 0 9,008
Marital Status
Married 45,743 0 45,757
Divorced 20,504 0 20,512
Widowed 15,160 0 15,163
Never Married 17,960 0 17,969
Education
Graduate 13,734 0 13,748
Bachelor 22,043 0 22,057
Associate 21,221 0 21,227
High School 31,969 0 0 31,969
Less than 12 Yrs 10,400 0 10,401
Official Poverty
Above poverty 97,260 0 97,295
In poverty 2,107 0 0 2,107
Household Income Quintile
$221,317+ 19,874 0 19,895
$116,305 - $221,317 19,873 0 19,884
$67,516 - $116,305 19,873 0 19,876
$36,533 - $67,516 19,870 0 0 19,870
$0-$36,533 19,877 0 0 19,877
Current Law Benefit Type
Retired worker 76,149 0 0 76,149
Widow(er) 13,655 0 0 13,655
Spouse 5,494 0 0 5,494
Disabled worker 4,069 0 0 4,069
None 0 0 35
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/30/2015 Ref #: SSAB0331v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.