Detailed Single Year Tables

Taxation of Benefits	Description of Proposed Provision: Starting in 2015, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2015-2024.

			Financial Estimates for the OASDI Trust Fund Program

	Proposal				Change from Present Law
	Expressed as a percentage of present-law taxable payroll			Trust fund ratio as of January 1	Expressed as a percentage of present-law taxable payroll
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2014	13.95	12.67	-1.29	320	0.00	0.00	0.00
2015	13.97	13.04	-0.93	306	0.00	0.12	0.12
2016	13.97	13.05	-0.92	293	0.00	0.15	0.16
2017	13.97	13.10	-0.87	279	0.00	0.19	0.19
2018	14.02	13.15	-0.86	266	0.00	0.22	0.22
2019	14.15	13.19	-0.95	252	0.00	0.25	0.25
2020	14.33	13.23	-1.09	239	0.00	0.27	0.28
2021	14.50	13.27	-1.23	226	0.00	0.29	0.29
2022	14.73	13.32	-1.42	213	0.00	0.31	0.31
2023	15.00	13.35	-1.65	199	0.00	0.32	0.32
2024	15.27	13.37	-1.90	184	0.00	0.32	0.32
2025	15.54	13.39	-2.15	169	0.00	0.32	0.32
2026	15.79	13.40	-2.39	154	0.00	0.31	0.31
2027	16.02	13.41	-2.61	138	0.00	0.31	0.31
2028	16.24	13.42	-2.82	122	0.00	0.30	0.30
2029	16.44	13.43	-3.01	105	0.00	0.29	0.30
2030	16.60	13.43	-3.17	88	0.00	0.29	0.29
2031	16.75	13.44	-3.31	70	0.00	0.28	0.28
2032	16.86	13.44	-3.42	51	0.00	0.27	0.28
2033	16.95	13.44	-3.51	31	0.00	0.27	0.27
2034	17.03	13.44	-3.59	11	0.00	0.26	0.26
2035	17.09	13.44	-3.65	----	0.00	0.25	0.26
2036	17.12	13.44	-3.69	----	0.00	0.25	0.25
2037	17.14	13.44	-3.71	----	0.00	0.24	0.24
2038	17.14	13.43	-3.71	----	0.00	0.24	0.24
2039	17.12	13.43	-3.69	----	0.00	0.23	0.23
2040	17.09	13.42	-3.66	----	0.00	0.22	0.22
2041	17.05	13.42	-3.63	----	0.00	0.22	0.22
2042	17.01	13.41	-3.60	----	0.00	0.21	0.21
2043	16.98	13.40	-3.58	----	0.00	0.21	0.21
2044	16.96	13.40	-3.56	----	0.00	0.20	0.20
2045	16.94	13.40	-3.54	----	0.00	0.20	0.20
2046	16.93	13.39	-3.54	----	0.00	0.19	0.19
2047	16.92	13.39	-3.53	----	0.00	0.19	0.19
2048	16.90	13.39	-3.52	----	0.00	0.19	0.19
2049	16.89	13.38	-3.51	----	0.00	0.18	0.18
2050	16.89	13.38	-3.51	----	0.00	0.18	0.18
2051	16.90	13.38	-3.51	----	0.00	0.18	0.18
2052	16.91	13.38	-3.53	----	0.00	0.18	0.18
2053	16.94	13.38	-3.56	----	0.00	0.17	0.17
2054	16.97	13.38	-3.59	----	0.00	0.17	0.17
2055	17.01	13.38	-3.63	----	0.00	0.17	0.17
2056	17.06	13.39	-3.68	----	0.00	0.17	0.17
2057	17.11	13.39	-3.72	----	0.00	0.17	0.17
2058	17.16	13.39	-3.77	----	0.00	0.17	0.17
2059	17.21	13.39	-3.82	----	0.00	0.17	0.17
2060	17.26	13.39	-3.86	----	0.00	0.16	0.16
2061	17.31	13.40	-3.91	----	0.00	0.16	0.16
2062	17.35	13.40	-3.95	----	0.00	0.16	0.16
2063	17.40	13.40	-4.00	----	0.00	0.16	0.16
2064	17.45	13.40	-4.04	----	0.00	0.16	0.16
2065	17.50	13.40	-4.09	----	0.00	0.16	0.16
2066	17.55	13.41	-4.14	----	0.00	0.16	0.16
2067	17.60	13.41	-4.19	----	0.00	0.16	0.16
2068	17.64	13.41	-4.23	----	0.00	0.16	0.16
2069	17.69	13.41	-4.28	----	0.00	0.16	0.16
2070	17.74	13.42	-4.32	----	0.00	0.16	0.16
2071	17.78	13.42	-4.36	----	0.00	0.15	0.15
2072	17.82	13.42	-4.40	----	0.00	0.15	0.15
2073	17.84	13.42	-4.42	----	0.00	0.15	0.15
2074	17.87	13.42	-4.44	----	0.00	0.15	0.15
2075	17.88	13.42	-4.46	----	0.00	0.15	0.15
2076	17.89	13.42	-4.47	----	0.00	0.15	0.15
2077	17.89	13.42	-4.47	----	0.00	0.15	0.15
2078	17.89	13.42	-4.47	----	0.00	0.15	0.15
2079	17.89	13.42	-4.47	----	0.00	0.15	0.15
2080	17.90	13.42	-4.48	----	0.00	0.15	0.15
2081	17.91	13.42	-4.49	----	0.00	0.15	0.15
2082	17.94	13.42	-4.51	----	0.00	0.15	0.15
2083	17.96	13.42	-4.54	----	0.00	0.15	0.15
2084	18.00	13.43	-4.57	----	0.00	0.15	0.15
2085	18.04	13.43	-4.61	----	0.00	0.15	0.15
2086	18.09	13.43	-4.66	----	0.00	0.15	0.15
2087	18.14	13.43	-4.70	----	0.00	0.15	0.15
2088	18.19	13.44	-4.75	----	0.00	0.15	0.15
2089	18.24	13.44	-4.80	----	0.00	0.15	0.15

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2014 Trustees Report.
2014-2088	16.77%	14.10%	-2.67%	2034	-0.00%	0.21%	0.21%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


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Detailed Single Year Tables

Description of Proposed Provision: Starting in 2015, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2015-2024.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Starting in 2015, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2015-2024.