Year Cost Rate

Income 

Rate

Annual 

Balance

Proposed 

Plan

Present 

Law

2005 11.13 12.72 1.59 320 4,730 4,730 0.0%

2006 11.00 12.73 1.73 337 4,985 4,985 0.0%

2007 10.95 12.74 1.79 355 5,244 5,244 0.0%

2008 10.85 12.78 1.93 370 5,579 5,511 1.2%

2009 10.87 12.76 1.89 384 5,920 5,784 2.4%

2010 10.89 12.78 1.89 398 6,269 6,065 3.4%

2011 10.95 12.83 1.87 411 6,626 6,354 4.3%

2012 11.10 12.85 1.75 422 6,987 6,646 5.1%

2013 11.27 12.88 1.61 431 7,355 6,946 5.9%

2014 11.46 12.89 1.43 439 7,736 7,258 6.6%

2015 11.64 12.90 1.26 446 8,133 7,583 7.3%

2016 11.85 12.92 1.07 451 8,547 7,919 7.9%

2017 12.07 12.93 0.86 454 8,970 8,268 8.5%

2018 12.34 12.95 0.60 456 9,367 8,630 8.5%

2019 12.62 12.97 0.34 457 9,778 9,005 8.6%

2020 12.92 12.98 0.07 456 10,199 9,391 8.6%

2021 13.21 13.00 -0.21 453 10,637 9,794 8.6%

2022 13.49 13.02 -0.47 449 11,088 10,209 8.6%

2023 13.77 13.03 -0.74 443 11,554 10,640 8.6%

2024 14.04 13.05 -0.99 437 12,040 11,085 8.6%

2025 14.31 13.07 -1.24 428 12,546 11,545 8.7%

2026 14.57 13.08 -1.48 419 13,071 12,024 8.7%

2027 14.81 13.10 -1.71 409 13,621 12,527 8.7%

2028 15.03 13.11 -1.92 398 14,191 13,054 8.7%

2029 15.22 13.12 -2.10 387 14,781 13,599 8.7%

2030 15.40 13.14 -2.27 375 15,400 14,166 8.7%

2031 15.56 13.15 -2.42 363 16,048 14,758 8.7%

2032 15.71 13.16 -2.55 350 16,724 15,381 8.7%

2033 15.83 13.17 -2.66 337 17,425 16,033 8.7%

2034 15.92 13.17 -2.74 324 18,164 16,714 8.7%

2035 15.98 13.18 -2.80 311 18,936 17,418 8.7%

2036 16.03 13.18 -2.85 297 19,738 18,153 8.7%

2037 16.07 13.19 -2.89 283 20,577 18,923 8.7%

2038 16.10 13.19 -2.91 270 21,444 19,728 8.7%

2039 16.11 13.19 -2.92 256 22,361 20,569 8.7%

2040 16.11 13.19 -2.92 242 23,316 21,442 8.7%

2041 16.11 13.19 -2.92 227 24,311 22,353 8.8%

2042 16.12 13.20 -2.92 213 25,343 23,302 8.8%

2043 16.13 13.20 -2.93 198 26,412 24,292 8.7%

2044 16.13 13.20 -2.93 183 27,532 25,321 8.7%

2045 16.14 13.20 -2.94 168 28,698 26,386 8.8%

2046 16.14 13.20 -2.94 153 29,906 27,491 8.8%

2047 16.16 13.20 -2.95 137 31,161 28,642 8.8%

2048 16.17 13.21 -2.97 121 32,464 29,842 8.8%

2049 16.19 13.21 -2.99 105 33,818 31,085 8.8%

2050 16.21 13.21 -3.00 88 35,230 32,374 8.8%

2051 16.24 13.21 -3.03 71 36,699 33,719 8.8%

2052 16.28 13.21 -3.06 53 38,221 35,120 8.8%

2053 16.32 13.22 -3.10 36 39,802 36,579 8.8%

2054 16.36 13.22 -3.14 17 41,455 38,101 8.8%

2055 16.40 13.22 -3.18 ---- 43,180 39,682 8.8%

2056 16.44 13.23 -3.22 ---- 44,971 41,324 8.8%

2057 16.49 13.23 -3.26 ---- 46,834 43,036 8.8%

2058 16.54 13.23 -3.31 ---- 48,768 44,817 8.8%

2059 16.59 13.24 -3.36 ---- 50,780 46,670 8.8%

2060 16.64 13.24 -3.40 ---- 52,884 48,600 8.8%

2061 16.69 13.24 -3.45 ---- 55,067 50,605 8.8%

2062 16.74 13.25 -3.49 ---- 57,347 52,699 8.8%

2063 16.80 13.25 -3.55 ---- 59,716 54,883 8.8%

2064 16.86 13.25 -3.60 ---- 62,185 57,155 8.8%

2065 16.91 13.26 -3.65 ---- 64,760 59,520 8.8%

2066 16.96 13.26 -3.70 ---- 67,421 61,964 8.8%

2067 17.02 13.26 -3.76 ---- 70,192 64,511 8.8%

2068 17.07 13.27 -3.80 ---- 73,097 67,183 8.8%

2069 17.12 13.27 -3.85 ---- 76,129 69,970 8.8%

2070 17.16 13.27 -3.89 ---- 79,284 72,868 8.8%

2071 17.21 13.28 -3.93 ---- 82,566 75,881 8.8%

2072 17.25 13.28 -3.97 ---- 85,980 79,015 8.8%

2073 17.29 13.28 -4.01 ---- 89,541 82,282 8.8%

2074 17.33 13.28 -4.04 ---- 93,245 85,685 8.8%

2075 17.37 13.29 -4.08 ---- 97,095 89,221 8.8%

2076 17.41 13.29 -4.12 ---- 101,103 92,900 8.8%

2077 17.45 13.29 -4.16 ---- 105,274 96,727 8.8%

2078 17.49 13.29 -4.19 ---- 109,615 100,711 8.8%

2079 17.53 13.30 -4.23 ---- 114,136 104,859 8.8%

2080 17.57 13.30 -4.27 ---- 118,841 109,174 8.9%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 14.69% 13.76% -0.93% 1.00%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2005 Trustees Report January 4, 2006

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Change in 

Actuarial Balance

Proposed Provision: Make 90 percent of the earnings subject to the payroll tax (phased in 2008-2017), 

but retain the current-law taxable maximum for benefit purposes. This estimate considers all selfemployed earnings in computing the percentage of earnings subject to the payroll tax.

OASDI Taxable Payroll 

(in billions of dollars)

Increase in 

Taxable 

Payroll over 

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year