Table 1.1a OASDI Tax Income, Outgo, and Net Cash Flow Balance-- for Proposal
Year
Income
Excluding
Interest
Interest
Income
Total
Income
Outgo
Assets at
End of Year
OASDI
Effective
Taxable Payroll
Billions of nominal (current) dollars
2003
555.9
87.5
643.4
477.9
1,543.5
4,389
2004
584.2
97.5
681.6
499.1
1,726.0
4,630
2005
621.2
109.6
730.8
521.6
1,935.3
4,901
2006
657.5
123.7
781.2
545.6
2,170.8
5,196
2007
696.8
139.4
836.2
574.6
2,432.4
5,493
2008
735.9
156.2
892.1
607.3
2,717.2
5,800
2009
776.6
173.7
950.4
644.1
3,023.5
6,117
2010
818.8
192.4
1,011.1
684.1
3,350.5
6,440
2011
865.9
212.1
1,078.0
728.0
3,700.5
6,773
2012
909.0
233.1
1,142.2
775.8
4,066.9
7,112
2013
955.9
255.0
1,210.9
829.4
4,448.4
7,469
2014
1,004.4
277.6
1,282.0
887.2
4,843.2
7,838
2015
1,054.6
300.8
1,355.4
949.7
5,249.0
8,219
2016
1,106.5
324.5
1,431.0
1,018.3
5,661.7
8,612
2017
1,161.0
348.3
1,509.3
1,092.7
6,078.3
9,023
2018
1,217.8
373.1
1,590.9
1,172.8
6,496.4
9,451
2019
1,277.4
397.9
1,675.3
1,257.8
6,913.9
9,899
2020
1,339.4
422.6
1,762.0
1,349.6
7,326.3
10,364
2021
1,404.7
446.8
1,851.5
1,448.0
7,729.9
10,854
2022
1,472.3
470.4
1,942.7
1,550.3
8,122.2
11,359
2023
1,543.0
493.4
2,036.4
1,654.9
8,503.7
11,888
2024
1,616.6
515.7
2,132.2
1,764.7
8,871.2
12,438
2025
1,693.5
537.0
2,230.6
1,879.3
9,222.5
13,013
2026
1,774.0
557.5
2,331.5
1,998.7
9,555.3
13,615
2027
1,858.5
576.6
2,435.2
2,123.7
9,866.8
14,246
2028
1,947.2
594.4
2,541.6
2,253.8
10,154.6
14,907
2029
2,039.7
610.9
2,650.6
2,387.8
10,417.3
15,598
2030
2,136.6
625.8
2,762.3
2,525.5
10,654.2
16,323
2031
2,238.1
639.1
2,877.3
2,666.8
10,864.6
17,083
2032
2,344.2
650.9
2,995.1
2,812.0
11,047.7
17,878
2033
2,455.2
661.1
3,116.3
2,960.8
11,203.2
18,712
2034
2,570.8
669.6
3,240.4
3,113.4
11,330.2
19,580
2035
2,691.5
676.4
3,367.9
3,270.1
11,428.0
20,488
2036
2,817.6
681.5
3,499.1
3,431.3
11,495.8
21,439
2037
2,945.1
684.6
3,629.7
3,597.0
11,528.6
22,396
2038
3,648.3
703.9
4,352.2
3,767.6
12,113.3
23,400
2039
3,812.2
739.4
4,551.6
3,943.9
12,721.0
24,443
2040
3,982.7
776.3
4,759.0
4,126.8
13,353.2
25,528
2041
4,160.5
814.7
4,975.1
4,317.8
14,010.5
26,660
2042
4,346.0
854.5
5,200.5
4,517.8
14,693.3
27,840
2043
4,539.4
895.9
5,435.3
4,727.9
15,400.7
29,070
2044
4,741.1
938.7
5,679.8
4,948.9
16,131.6
30,353
2045
4,950.5
982.8
5,933.3
5,181.8
16,883.1
31,683
2046
5,169.1
1,028.1
6,197.2
5,427.2
17,653.1
33,070
2047
5,397.1
1,074.4
6,471.5
5,685.3
18,439.4
34,515
2048
5,635.2
1,121.6
6,756.8
5,956.1
19,240.1
36,024
2049
5,883.2
1,169.7
7,052.9
6,241.0
20,051.9
37,594
2050
6,141.7
1,218.2
7,359.9
6,541.3
20,870.5
39,229
2051
6,411.1
1,267.0
7,678.1
6,858.4
21,690.2
40,931
2052
6,692.9
1,315.8
8,008.7
7,193.0
22,505.9
42,712
2053
6,987.1
1,364.2
8,351.3
7,543.2
23,313.9
44,569
2054
7,293.9
1,412.0
8,705.9
7,910.1
24,109.7
46,506
2055
7,614.9
1,459.1
9,074.0
8,294.1
24,889.6
48,532
2056
7,949.8
1,505.0
9,454.9
8,695.2
25,649.3
50,645
2057
8,299.4
1,549.7
9,849.1
9,114.0
26,384.4
52,850
2058
8,664.9
1,592.9
10,257.8
9,549.2
27,093.1
55,157
2059
9,045.8
1,634.5
10,680.3
10,001.2
27,772.2
57,562
2060
9,443.6
1,674.2
11,117.8
10,472.2
28,417.8
60,073
2061
9,858.3
1,711.9
11,570.1
10,962.7
29,025.2
62,692
2062
10,290.5
1,747.0
12,037.6
11,477.2
29,585.7
65,420
2063
10,742.1
1,779.2
12,521.3
12,017.2
30,089.7
68,271
2064
11,213.3
1,807.6
13,020.9
12,581.2
30,529.5
71,245
2065
11,703.9
1,832.2
13,536.1
13,172.3
30,893.3
74,341
2066
12,216.4
1,851.8
14,068.2
13,791.6
31,169.9
77,572
2067
12,749.9
1,865.9
14,615.8
14,441.4
31,344.3
80,936
2068
13,307.2
1,873.6
15,180.9
15,122.6
31,402.7
84,447
2069
13,888.2
1,874.1
15,762.3
15,834.5
31,330.5
88,107
2070
14,493.8
1,866.3
16,360.1
16,579.5
31,111.1
91,922
2071
15,124.7
1,849.4
16,974.1
17,359.0
30,726.2
95,895
2072
15,782.8
1,822.2
17,605.0
18,173.9
30,157.2
100,038
2073
16,469.2
1,783.5
18,252.7
19,025.8
29,384.1
104,357
2074
17,185.0
1,732.2
18,917.3
19,916.1
28,385.3
108,863
2075
17,931.2
1,667.0
19,598.2
20,846.4
27,137.1
113,560
2076
18,709.4
1,586.2
20,295.6
21,818.1
25,614.5
118,455
2077
19,520.8
1,488.5
21,009.2
22,832.6
23,791.2
123,560
2078
20,366.4
1,372.1
21,738.5
23,894.2
21,635.6
128,884
Office of the Actuary
Social Security Administration
September 29, 2003
Return to memorandum
List of memos