Table 1—Robert M. Ball Proposal--Six Provisions--with Expected Equity Yield
|
Estate Tax—$3.5 Million Exemption
No Index, 45% Rate
With Ultimate Real Trust Fund Interest Rate of 3.70
With Ultimate Real Trust Fund Yield Rate of 3.70
With Ultimate Real Treasury Bond Yield Rate of 3.0
Balancing Tax rate in 2023
|
|
|
Year
|
Cost
Rate
|
Income
Rate
|
Annual
Balance
|
Trust Fund
Ratio
1-1-year
|
Balancing
Tax Rate
|
Change
in OASDI
Contribution
Rate
|
"Effective"
OASDI
Contribution
Rate
|
Revenue
from
Estate
Tax
|
|
2004
|
11.07
|
12.71
|
1.64
|
306
|
|
|
12.40
|
0
|
|
2005
|
10.87
|
12.73
|
1.86
|
325
|
|
|
12.40
|
0
|
|
2006
|
10.73
|
12.73
|
2.00
|
347
|
|
|
12.40
|
0
|
|
2007
|
10.65
|
12.75
|
2.10
|
368
|
|
|
12.40
|
0
|
|
2008
|
10.65
|
12.78
|
2.14
|
388
|
|
|
12.40
|
0
|
|
2009
|
10.74
|
12.77
|
2.04
|
405
|
|
|
12.40
|
0
|
|
2010
|
10.79
|
13.20
|
2.41
|
422
|
|
0.4128
|
12.81
|
0.41
|
|
2011
|
10.87
|
13.25
|
2.38
|
442
|
|
0.0025
|
12.82
|
0.42
|
|
2012
|
11.04
|
13.28
|
2.24
|
460
|
|
0.0027
|
12.82
|
0.42
|
|
2013
|
11.22
|
13.31
|
2.09
|
476
|
|
0.0030
|
12.82
|
0.42
|
|
2014
|
11.40
|
13.32
|
1.92
|
491
|
|
0.0024
|
12.82
|
0.42
|
|
2015
|
11.61
|
13.34
|
1.73
|
503
|
|
0.0025
|
12.83
|
0.43
|
|
2016
|
11.84
|
13.36
|
1.52
|
513
|
|
0.0026
|
12.83
|
0.43
|
|
2017
|
12.08
|
13.38
|
1.30
|
522
|
|
0.0028
|
12.83
|
0.43
|
|
2018
|
12.33
|
13.39
|
1.07
|
529
|
|
0.0029
|
12.83
|
0.43
|
|
2019
|
12.59
|
13.41
|
0.82
|
534
|
|
0.0030
|
12.84
|
0.44
|
|
2020
|
12.86
|
13.43
|
0.57
|
538
|
|
0.0030
|
12.84
|
0.44
|
|
2021
|
13.13
|
13.45
|
0.32
|
540
|
|
0.0032
|
12.84
|
0.44
|
|
2022
|
13.39
|
13.47
|
0.08
|
542
|
|
0.0032
|
12.85
|
0.45
|
|
2023
|
13.65
|
14.49
|
0.84
|
542
|
1.00
|
1.0033
|
13.85
|
0.45
|
|
2024
|
13.89
|
14.51
|
0.62
|
549
|
1.00
|
0.0034
|
13.85
|
0.45
|
|
2025
|
14.14
|
14.53
|
0.39
|
554
|
1.00
|
0.0048
|
13.86
|
0.46
|
|
2026
|
14.37
|
14.55
|
0.18
|
559
|
1.00
|
0.0048
|
13.86
|
0.46
|
|
2027
|
14.58
|
14.56
|
-0.01
|
563
|
1.00
|
0.0048
|
13.87
|
0.47
|
|
2028
|
14.77
|
14.58
|
-0.19
|
567
|
1.00
|
0.0049
|
13.87
|
0.47
|
|
2029
|
14.94
|
14.60
|
-0.34
|
571
|
1.00
|
0.0051
|
13.88
|
0.48
|
|
2030
|
15.10
|
14.61
|
-0.48
|
575
|
1.00
|
0.0052
|
13.88
|
0.48
|
|
2031
|
15.24
|
14.63
|
-0.61
|
578
|
1.00
|
0.0052
|
13.89
|
0.49
|
|
2032
|
15.36
|
14.64
|
-0.72
|
581
|
1.00
|
0.0052
|
13.89
|
0.49
|
|
2033
|
15.46
|
14.66
|
-0.80
|
584
|
1.00
|
0.0053
|
13.90
|
0.50
|
|
2034
|
15.54
|
14.67
|
-0.87
|
588
|
1.00
|
0.0055
|
13.90
|
0.50
|
|
2035
|
15.60
|
14.68
|
-0.92
|
592
|
1.00
|
0.0056
|
13.91
|
0.51
|
|
2036
|
15.64
|
14.69
|
-0.95
|
597
|
1.00
|
0.0056
|
13.92
|
0.52
|
|
2037
|
15.67
|
14.70
|
-0.97
|
602
|
1.00
|
0.0056
|
13.92
|
0.52
|
|
2038
|
15.68
|
14.71
|
-0.97
|
607
|
1.00
|
0.0057
|
13.93
|
0.53
|
|
2039
|
15.68
|
14.72
|
-0.96
|
613
|
1.00
|
0.0058
|
13.93
|
0.53
|
|
2040
|
15.69
|
14.73
|
-0.96
|
620
|
1.00
|
0.0062
|
13.94
|
0.54
|
|
2041
|
15.70
|
14.73
|
-0.96
|
626
|
1.00
|
0.0063
|
13.94
|
0.54
|
|
2042
|
15.70
|
14.74
|
-0.96
|
633
|
1.00
|
0.0063
|
13.95
|
0.55
|
|
2043
|
15.71
|
14.75
|
-0.96
|
640
|
1.00
|
0.0032
|
13.95
|
0.55
|
|
2044
|
15.73
|
14.75
|
-0.97
|
647
|
1.00
|
0.0040
|
13.96
|
0.56
|
|
2045
|
15.76
|
14.76
|
-1.00
|
654
|
1.00
|
0.0043
|
13.96
|
0.56
|
|
2046
|
15.80
|
14.77
|
-1.03
|
661
|
1.00
|
0.0043
|
13.97
|
0.57
|
|
2047
|
15.84
|
14.78
|
-1.06
|
669
|
1.00
|
0.0043
|
13.97
|
0.57
|
|
2048
|
15.88
|
14.79
|
-1.09
|
676
|
1.00
|
0.0043
|
13.98
|
0.58
|
|
2049
|
15.92
|
14.79
|
-1.13
|
683
|
1.00
|
0.0044
|
13.98
|
0.58
|
|
2050
|
15.98
|
14.80
|
-1.18
|
689
|
1.00
|
0.0044
|
13.98
|
0.58
|
|
2051
|
16.04
|
14.81
|
-1.23
|
695
|
1.00
|
0.0045
|
13.99
|
0.59
|
|
2052
|
16.11
|
14.82
|
-1.29
|
701
|
1.00
|
0.0044
|
13.99
|
0.59
|
|
2053
|
16.18
|
14.83
|
-1.35
|
707
|
1.00
|
0.0044
|
14.00
|
0.60
|
|
2054
|
16.25
|
14.84
|
-1.41
|
712
|
1.00
|
0.0045
|
14.00
|
0.60
|
|
2055
|
16.33
|
14.85
|
-1.48
|
716
|
1.00
|
0.0046
|
14.01
|
0.61
|
|
2056
|
16.41
|
14.86
|
-1.55
|
721
|
1.00
|
0.0046
|
14.01
|
0.61
|
|
2057
|
16.49
|
14.87
|
-1.62
|
725
|
1.00
|
0.0046
|
14.02
|
0.62
|
|
2058
|
16.57
|
14.88
|
-1.68
|
729
|
1.00
|
0.0046
|
14.02
|
0.62
|
|
2059
|
16.64
|
14.89
|
-1.75
|
733
|
1.00
|
0.0047
|
14.03
|
0.63
|
|
2060
|
16.71
|
14.91
|
-1.81
|
736
|
1.00
|
0.0048
|
14.03
|
0.63
|
|
2061
|
16.79
|
14.92
|
-1.87
|
740
|
1.00
|
0.0048
|
14.03
|
0.63
|
|
2062
|
16.87
|
14.93
|
-1.94
|
743
|
1.00
|
0.0048
|
14.04
|
0.64
|
|
2063
|
16.95
|
14.94
|
-2.01
|
745
|
1.00
|
0.0048
|
14.04
|
0.64
|
|
2064
|
17.02
|
14.95
|
-2.08
|
748
|
1.00
|
0.0049
|
14.05
|
0.65
|
|
2065
|
17.09
|
14.96
|
-2.14
|
750
|
1.00
|
0.0049
|
14.05
|
0.65
|
|
2066
|
17.16
|
14.97
|
-2.20
|
753
|
1.00
|
0.0050
|
14.06
|
0.66
|
|
2067
|
17.23
|
14.98
|
-2.25
|
755
|
1.00
|
0.0050
|
14.06
|
0.66
|
|
2068
|
17.29
|
14.99
|
-2.31
|
757
|
1.00
|
0.0050
|
14.07
|
0.67
|
|
2069
|
17.36
|
15.00
|
-2.36
|
759
|
1.00
|
0.0051
|
14.07
|
0.67
|
|
2070
|
17.41
|
15.01
|
-2.41
|
760
|
1.00
|
0.0051
|
14.08
|
0.68
|
|
2071
|
17.47
|
15.01
|
-2.45
|
762
|
1.00
|
0.0052
|
14.08
|
0.68
|
|
2072
|
17.52
|
15.02
|
-2.50
|
764
|
1.00
|
0.0052
|
14.09
|
0.69
|
|
2073
|
17.57
|
15.03
|
-2.54
|
766
|
1.00
|
0.0053
|
14.09
|
0.69
|
|
2074
|
17.63
|
15.04
|
-2.59
|
767
|
1.00
|
0.0053
|
14.10
|
0.70
|
|
2075
|
17.68
|
15.05
|
-2.63
|
768
|
1.00
|
0.0053
|
14.11
|
0.71
|
|
2076
|
17.73
|
15.06
|
-2.67
|
769
|
1.00
|
0.0054
|
14.11
|
0.71
|
|
2077
|
17.78
|
15.07
|
-2.71
|
771
|
1.00
|
0.0054
|
14.12
|
0.72
|
|
2078
|
17.83
|
15.08
|
-2.76
|
771
|
1.00
|
0.0055
|
14.12
|
0.72
|
|
2079
|
17.89
|
15.09
|
-2.80
|
772
|
1.00
|
0.0054
|
14.13
|
0.73
|
|
2004
-2078
|
Summarized OASDI
|
|
|
Cost Rate
|
Income Rate
|
Actuarial
Balance
|
Change in
Actuarial Balance
|
|
14.21
|
14.87
|
0.65
|
2.54
|
Based on Intermediate Assumptions of the 2004 Trustees Report
Office of the Chief Actuary
Social Security Administration
April 13, 2005