Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: E3.4: Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in 2017-2019. Provide benefit credit for earnings up to the revised taxable maximum.

			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
2016	14.05	12.94	-1.10	303	0.00	0.00	0.00
2017	13.72	12.97	-0.75	293	0.00	0.05	0.05
2018	13.86	13.06	-0.79	277	0.00	0.11	0.11
2019	13.99	13.12	-0.87	263	0.00	0.15	0.15
2020	14.13	13.13	-1.00	248	0.00	0.15	0.15
2021	14.27	13.16	-1.11	234	0.00	0.15	0.15
2022	14.49	13.19	-1.30	220	0.00	0.15	0.15
2023	14.76	13.21	-1.55	204	0.00	0.15	0.15
2024	15.03	13.25	-1.78	188	0.00	0.15	0.15
2025	15.29	13.26	-2.03	172	0.00	0.15	0.15
2026	15.47	13.28	-2.19	156	0.00	0.15	0.15
2027	15.65	13.29	-2.36	140	0.00	0.15	0.15
2028	15.82	13.31	-2.51	124	0.01	0.15	0.14
2029	15.97	13.32	-2.65	108	0.01	0.15	0.15
2030	16.11	13.33	-2.78	92	0.01	0.15	0.14
2031	16.23	13.34	-2.89	75	0.01	0.15	0.14
2032	16.34	13.35	-2.99	58	0.01	0.15	0.14
2033	16.42	13.36	-3.06	41	0.01	0.15	0.14
2034	16.48	13.36	-3.11	23	0.01	0.15	0.14
2035	16.51	13.37	-3.14	5	0.01	0.15	0.14
2036	16.57	13.37	-3.20	----	0.02	0.15	0.14
2037	16.62	13.38	-3.24	----	0.02	0.15	0.14
2038	16.63	13.38	-3.25	----	0.02	0.15	0.14
2039	16.63	13.39	-3.24	----	0.02	0.15	0.13
2040	16.61	13.39	-3.23	----	0.02	0.16	0.13
2041	16.59	13.39	-3.20	----	0.02	0.15	0.13
2042	16.56	13.39	-3.17	----	0.03	0.15	0.13
2043	16.53	13.39	-3.14	----	0.03	0.15	0.13
2044	16.50	13.39	-3.11	----	0.03	0.16	0.13
2045	16.48	13.39	-3.09	----	0.03	0.16	0.13
2046	16.46	13.39	-3.07	----	0.03	0.16	0.12
2047	16.44	13.39	-3.05	----	0.03	0.16	0.12
2048	16.42	13.39	-3.03	----	0.04	0.16	0.12
2049	16.41	13.39	-3.02	----	0.04	0.16	0.12
2050	16.40	13.39	-3.01	----	0.04	0.16	0.12
2051	16.40	13.39	-3.01	----	0.04	0.16	0.11
2052	16.41	13.39	-3.02	----	0.04	0.16	0.11
2053	16.44	13.39	-3.04	----	0.05	0.16	0.11
2054	16.47	13.40	-3.07	----	0.05	0.16	0.11
2055	16.51	13.40	-3.11	----	0.05	0.16	0.11
2056	16.56	13.40	-3.15	----	0.05	0.16	0.11
2057	16.61	13.41	-3.20	----	0.05	0.16	0.11
2058	16.66	13.41	-3.25	----	0.06	0.16	0.10
2059	16.71	13.42	-3.30	----	0.06	0.16	0.10
2060	16.77	13.42	-3.34	----	0.06	0.16	0.10
2061	16.82	13.43	-3.39	----	0.06	0.16	0.10
2062	16.87	13.43	-3.44	----	0.06	0.16	0.10
2063	16.92	13.43	-3.49	----	0.06	0.16	0.10
2064	16.97	13.44	-3.53	----	0.07	0.16	0.09
2065	17.02	13.44	-3.58	----	0.07	0.16	0.09
2066	17.08	13.44	-3.63	----	0.07	0.16	0.09
2067	17.13	13.45	-3.68	----	0.07	0.16	0.09
2068	17.18	13.45	-3.73	----	0.07	0.16	0.09
2069	17.24	13.45	-3.78	----	0.07	0.16	0.09
2070	17.29	13.46	-3.83	----	0.07	0.16	0.09
2071	17.34	13.46	-3.88	----	0.07	0.16	0.09
2072	17.38	13.46	-3.91	----	0.07	0.16	0.09
2073	17.42	13.47	-3.95	----	0.07	0.16	0.09
2074	17.45	13.47	-3.98	----	0.08	0.16	0.09
2075	17.47	13.47	-4.00	----	0.08	0.16	0.09
2076	17.48	13.47	-4.01	----	0.08	0.16	0.09
2077	17.49	13.47	-4.01	----	0.08	0.16	0.08
2078	17.49	13.47	-4.01	----	0.08	0.16	0.08
2079	17.48	13.47	-4.01	----	0.08	0.16	0.08
2080	17.48	13.47	-4.01	----	0.08	0.16	0.08
2081	17.48	13.47	-4.01	----	0.08	0.16	0.08
2082	17.48	13.47	-4.01	----	0.08	0.16	0.08
2083	17.50	13.47	-4.02	----	0.08	0.16	0.08
2084	17.52	13.48	-4.04	----	0.08	0.16	0.08
2085	17.55	13.48	-4.07	----	0.08	0.16	0.08
2086	17.58	13.48	-4.10	----	0.08	0.16	0.08
2087	17.62	13.48	-4.14	----	0.08	0.16	0.08
2088	17.66	13.49	-4.18	----	0.08	0.16	0.08
2089	17.71	13.49	-4.22	----	0.08	0.16	0.08
2090	17.76	13.49	-4.27	----	0.08	0.16	0.08
2091	17.80	13.49	-4.31	----	0.08	0.16	0.08

				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 2016 Trustees Report.
2016-2090	16.54%	14.00%	-2.54%	2035	0.04%	0.15%	0.11%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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Detailed Single Year Tables

Description of Proposed Provision: E3.4: Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in 2017-2019. Provide benefit credit for earnings up to the revised taxable maximum.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
E3.4: Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in 2017-2019. Provide benefit credit for earnings up to the revised taxable maximum.