Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base
Proposed Provision: Make 90 percent of the earnings subject to the payroll tax (phased in 2008-2017),
but retain the current-law taxable maximum for benefit purposes. This estimate considers all selfemployed earnings in computing the percentage of earnings subject to the payroll tax.
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
11.00
10.95
10.85
10.87
10.89
10.95
11.10
11.27
11.46
11.64
11.85
12.07
12.34
12.62
12.92
13.21
13.49
13.77
14.04
14.31
14.57
14.81
15.03
15.22
15.40
15.56
15.71
15.83
15.92
15.98
16.03
16.07
16.10
16.11
16.11
16.11
16.12
16.13
16.13
16.14
16.14
16.16
16.17
16.19
16.21
16.24
16.28
16.32
16.36
16.40
16.44
16.49
16.54
16.59
16.64
16.69
16.74
16.80
16.86
16.91
16.96
17.02
17.07
17.12
17.16
17.21
17.25
17.29
17.33
17.37
17.41
17.45
17.49
17.53
17.57

12.72
12.73
12.74
12.78
12.76
12.78
12.83
12.85
12.88
12.89
12.90
12.92
12.93
12.95
12.97
12.98
13.00
13.02
13.03
13.05
13.07
13.08
13.10
13.11
13.12
13.14
13.15
13.16
13.17
13.17
13.18
13.18
13.19
13.19
13.19
13.19
13.19
13.20
13.20
13.20
13.20
13.20
13.20
13.21
13.21
13.21
13.21
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
13.27
13.28
13.28
13.28
13.28
13.29
13.29
13.29
13.29
13.30
13.30

1.59
1.73
1.79
1.93
1.89
1.89
1.87
1.75
1.61
1.43
1.26
1.07
0.86
0.60
0.34
0.07
-0.21
-0.47
-0.74
-0.99
-1.24
-1.48
-1.71
-1.92
-2.10
-2.27
-2.42
-2.55
-2.66
-2.74
-2.80
-2.85
-2.89
-2.91
-2.92
-2.92
-2.92
-2.92
-2.93
-2.93
-2.94
-2.94
-2.95
-2.97
-2.99
-3.00
-3.03
-3.06
-3.10
-3.14
-3.18
-3.22
-3.26
-3.31
-3.36
-3.40
-3.45
-3.49
-3.55
-3.60
-3.65
-3.70
-3.76
-3.80
-3.85
-3.89
-3.93
-3.97
-4.01
-4.04
-4.08
-4.12
-4.16
-4.19
-4.23
-4.27

320
337
355
370
384
398
411
422
431
439
446
451
454
456
457
456
453
449
443
437
428
419
409
398
387
375
363
350
337
324
311
297
283
270
256
242
227
213
198
183
168
153
137
121
105
88
71
53
36
17
-------------------------------------------------------------------------------

(in billions of dollars)

Proposed
Plan
4,730
4,985
5,244
5,579
5,920
6,269
6,626
6,987
7,355
7,736
8,133
8,547
8,970
9,367
9,778
10,199
10,637
11,088
11,554
12,040
12,546
13,071
13,621
14,191
14,781
15,400
16,048
16,724
17,425
18,164
18,936
19,738
20,577
21,444
22,361
23,316
24,311
25,343
26,412
27,532
28,698
29,906
31,161
32,464
33,818
35,230
36,699
38,221
39,802
41,455
43,180
44,971
46,834
48,768
50,780
52,884
55,067
57,347
59,716
62,185
64,760
67,421
70,192
73,097
76,129
79,284
82,566
85,980
89,541
93,245
97,095
101,103
105,274
109,615
114,136
118,841

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%
0.0%
0.0%
1.2%
2.4%
3.4%
4.3%
5.1%
5.9%
6.6%
7.3%
7.9%
8.5%
8.5%
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%
8.8%
8.8%
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%
8.9%

Summarized Rates: OASDI
2005
-2079

Cost Rate
14.69%

Income Rate
13.76%

Change in
Actuarial
Balance Actuarial Balance
-0.93%
1.00%

Estimates based on Intermediate Assumptions of the 2005 Trustees Report

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