Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Proposed Provision: Beginning in 2006, make all earnings subject to the payroll tax (but retain the
current-law taxable maximum for benefit calculations)

OASDI Taxable Payroll
Expressed as a percentage of taxable payroll

Year

Cost Rate

Income
Rate

Annual
Balance

Trust Fund
Ratio
1-1-year

2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080

11.13
9.35
9.29
9.32
9.42
9.52
9.66
9.85
10.07
10.30
10.53
10.78
11.04
11.30
11.56
11.83
12.09
12.35
12.60
12.85
13.10
13.34
13.57
13.76
13.94
14.11
14.26
14.39
14.49
14.57
14.63
14.68
14.72
14.74
14.75
14.75
14.76
14.76
14.76
14.77
14.77
14.78
14.80
14.81
14.83
14.85
14.88
14.91
14.94
14.97
15.01
15.06
15.10
15.14
15.19
15.23
15.27
15.32
15.37
15.42
15.47
15.52
15.57
15.62
15.66
15.70
15.74
15.78
15.81
15.85
15.88
15.92
15.96
15.99
16.03
16.07

12.72
12.68
12.69
12.73
12.71
12.73
12.77
12.80
12.82
12.84
12.85
12.87
12.89
12.90
12.92
12.93
12.95
12.97
12.98
12.99
13.01
13.02
13.04
13.05
13.06
13.07
13.08
13.09
13.10
13.11
13.11
13.12
13.12
13.12
13.12
13.13
13.13
13.13
13.13
13.13
13.13
13.13
13.14
13.14
13.14
13.14
13.14
13.15
13.15
13.15
13.15
13.16
13.16
13.16
13.17
13.17
13.17
13.17
13.18
13.18
13.18
13.19
13.19
13.19
13.20
13.20
13.20
13.20
13.21
13.21
13.21
13.21
13.21
13.22
13.22
13.22

1.59
3.33
3.40
3.41
3.29
3.21
3.12
2.95
2.76
2.54
2.32
2.09
1.85
1.61
1.36
1.11
0.86
0.61
0.38
0.14
-0.09
-0.32
-0.53
-0.71
-0.88
-1.03
-1.17
-1.30
-1.39
-1.46
-1.52
-1.57
-1.60
-1.62
-1.62
-1.63
-1.63
-1.63
-1.63
-1.64
-1.64
-1.65
-1.66
-1.67
-1.69
-1.71
-1.73
-1.76
-1.79
-1.82
-1.86
-1.90
-1.94
-1.98
-2.02
-2.06
-2.10
-2.15
-2.19
-2.24
-2.29
-2.33
-2.38
-2.42
-2.46
-2.50
-2.54
-2.57
-2.61
-2.64
-2.67
-2.71
-2.74
-2.78
-2.81
-2.85

320
337
373
408
440
470
499
523
545
564
581
595
607
617
625
631
635
639
640
641
640
638
636
633
630
626
623
619
615
612
609
606
603
601
599
598
596
594
592
590
588
587
584
582
580
577
574
571
568
564
559
555
550
545
539
534
528
521
514
507
500
492
484
475
466
457
448
438
429
418
408
397
386
375
363
351

(in billions of dollars)

Proposed
Plan
4,730
5,861
6,177
6,500
6,828
7,166
7,515
7,870
8,233
8,607
8,994
9,392
9,807
10,236
10,682
11,141
11,619
12,112
12,624
13,152
13,699
14,268
14,867
15,492
16,140
16,814
17,518
18,258
19,034
19,843
20,680
21,554
22,469
23,426
24,425
25,464
26,546
27,675
28,853
30,077
31,343
32,657
34,027
35,453
36,933
38,466
40,066
41,733
43,469
45,281
47,162
49,116
51,154
53,275
55,481
57,777
60,165
62,658
65,259
67,965
70,781
73,692
76,725
79,908
83,228
86,679
90,269
94,003
97,896
101,950
106,164
110,548
115,109
119,858
124,802
129,946

Present
Law
4,730
4,985
5,244
5,511
5,784
6,065
6,354
6,646
6,946
7,258
7,583
7,919
8,268
8,630
9,005
9,391
9,794
10,209
10,640
11,085
11,545
12,024
12,527
13,054
13,599
14,166
14,758
15,381
16,033
16,714
17,418
18,153
18,923
19,728
20,569
21,442
22,353
23,302
24,292
25,321
26,386
27,491
28,642
29,842
31,085
32,374
33,719
35,120
36,579
38,101
39,682
41,324
43,036
44,817
46,670
48,600
50,605
52,699
54,883
57,155
59,520
61,964
64,511
67,183
69,970
72,868
75,881
79,015
82,282
85,685
89,221
92,900
96,727
100,711
104,859
109,174

Increase in
Taxable
Payroll over
Present Law
0.0%
17.6%
17.8%
17.9%
18.1%
18.1%
18.3%
18.4%
18.5%
18.6%
18.6%
18.6%
18.6%
18.6%
18.6%
18.6%
18.6%
18.6%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.7%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.8%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
18.9%
19.0%
19.0%
19.0%
19.0%
19.0%
19.0%
19.0%
19.0%
19.0%
19.0%
19.0%

Summarized Rates: OASDI
2005
-2079

Cost Rate
13.35%

Income Rate
13.64%

Change in
Actuarial
Balance Actuarial Balance
0.28%
2.21%

Estimates based on Intermediate Assumptions of the 2005 Trustees Report

Office of the Chief Actuary, Social Security
January 4, 2006