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Summary Measures and Graphs
Coverage of Employment

Description of Proposed Provision:
Tax Reform for Business: Establish a value added tax of 3.0 percent for 2016 and 6.5 percent for 2017 and later. Starting in 2016, reduce the corporate income tax rate from 35 to 27 percent.

Estimates based on the intermediate assumptions of the 2014 Trustees Report

Summary Measures
Present Law
[percent of payroll]		 Change from present law
[percent of payroll]		 Shortfall Eliminated
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
-2.88 -4.90 -0.02 0.19 -1% 4%


graph of OASDI cost rates and income rates by year, under present law and provision. click on graph to view underlying data. graph of OASDI trust fund ratio by year, under present law and provision. click on graph to view underlying data.
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Last reviewed or modified September 18, 2014