Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base
Proposed Provision: Determine the level of the contribution and benefit base such that 90 percent of
the earnings would be subject to the payroll tax (phased in 2006-2015). All earnings subject to the
payroll tax would be used in determining benefits
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
10.87
10.70
10.63
10.67
10.71
10.79
10.95
11.14
11.33
11.53
11.80
12.09
12.38
12.67
12.97
13.26
13.56
13.85
14.13
14.40
14.67
14.93
15.16
15.37
15.56
15.74
15.89
16.03
16.12
16.20
16.27
16.32
16.36
16.38
16.39
16.41
16.43
16.45
16.46
16.48
16.50
16.53
16.56
16.59
16.62
16.66
16.71
16.76
16.81
16.86
16.92
16.97
17.03
17.09
17.14
17.20
17.26
17.33
17.39
17.45
17.51
17.57
17.63
17.68
17.73
17.77
17.82
17.86
17.90
17.94
17.99
18.03
18.07
18.11
18.16

12.72
12.72
12.74
12.77
12.76
12.77
12.82
12.85
12.87
12.88
12.90
12.92
12.93
12.95
12.97
12.99
13.01
13.03
13.04
13.06
13.08
13.09
13.11
13.13
13.14
13.15
13.17
13.18
13.19
13.20
13.20
13.21
13.22
13.22
13.22
13.23
13.23
13.23
13.24
13.24
13.24
13.25
13.25
13.25
13.26
13.26
13.26
13.27
13.27
13.28
13.28
13.28
13.29
13.29
13.30
13.30
13.31
13.31
13.32
13.32
13.32
13.33
13.33
13.34
13.34
13.34
13.35
13.35
13.35
13.36
13.36
13.36
13.36
13.37
13.37
13.37

1.59
1.86
2.04
2.14
2.08
2.07
2.02
1.89
1.74
1.55
1.37
1.11
0.84
0.57
0.30
0.02
-0.26
-0.53
-0.80
-1.07
-1.33
-1.58
-1.82
-2.03
-2.23
-2.40
-2.57
-2.71
-2.84
-2.93
-3.00
-3.06
-3.10
-3.14
-3.15
-3.16
-3.18
-3.19
-3.21
-3.22
-3.24
-3.26
-3.28
-3.30
-3.33
-3.36
-3.40
-3.44
-3.49
-3.53
-3.58
-3.63
-3.68
-3.74
-3.79
-3.84
-3.89
-3.95
-4.01
-4.07
-4.12
-4.18
-4.24
-4.29
-4.34
-4.38
-4.42
-4.47
-4.51
-4.54
-4.58
-4.62
-4.66
-4.70
-4.74
-4.78

320
337
356
374
390
406
421
433
444
453
460
466
469
471
471
469
466
461
454
447
438
428
417
405
393
380
367
353
339
325
311
296
281
266
251
235
220
204
187
171
154
137
119
101
83
64
45
26
6
----------------------------------------------------------------------------------

(in billions of dollars)

Proposed
Plan
4,730
5,045
5,366
5,695
6,029
6,373
6,725
7,082
7,448
7,828
8,225
8,592
8,968
9,365
9,776
10,197
10,635
11,085
11,552
12,037
12,543
13,069
13,618
14,188
14,778
15,397
16,044
16,720
17,420
18,160
18,932
19,734
20,572
21,440
22,356
23,311
24,306
25,338
26,406
27,525
28,691
29,899
31,154
32,458
33,811
35,221
36,690
38,212
39,793
41,446
43,170
44,961
46,824
48,757
50,768
52,873
55,055
57,334
59,703
62,171
64,746
67,406
70,176
73,080
76,111
79,266
82,547
85,961
89,521
93,224
97,073
101,080
105,250
109,591
114,111
118,814

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%
1.2%
2.3%
3.3%
4.2%
5.1%
5.8%
6.6%
7.2%
7.8%
8.5%
8.5%
8.5%
8.5%
8.6%
8.6%
8.6%
8.6%
8.6%
8.6%
8.6%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.7%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%
8.8%

Summarized Rates: OASDI
2005
-2079

Cost Rate
14.88%

Income Rate
13.79%

Change in
Actuarial
Balance Actuarial Balance
-1.09%
0.83%

Estimates based on Intermediate Assumptions of the 2005 Trustees Report

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