Appendix Table  18:
The Impact of Potential OASI Reforms on Implicit Wealth Tax Rates
                                Women (r=5%)                     

Quintile of Lifetime Earnings:                   Lowest  Middle Highest  All 

                                                      Birth Cohort 1945-49

 0 Current Rules                                  -43.1   53.2   67.8   49.8
 1 38% Tax Hike Beginning in Year 2000            -39.7   54.6   69.4   51.6
 2 25% Benefit Cut Beginning in Year 2000          -7.4   65.1   75.8   62.4
 3 Acclerated Increase in NRA                     -21.2   61.1   74.4   58.7
 4 CPI Indexing of Covered Earnings               -31.9   56.8   69.7   53.6
 5 Indexing Benefits by CPI Minus 1%              -27.6   58.2   71.2   55.1
 6 Stabilize Real Per Capita Benefits             -26.2   58.8   71.6   55.8
 7 Freeze Bend Points in Real Terms               -38.9   54.8   69.2   51.6
 8 Eliminate Earnings Ceiling                     -44.9   53.0   67.5   50.0
 9 Eliminate Earnings Ceiling w/o Benefit Change  -43.1   53.3   71.1   51.4
10 Increase Computation Years from 35 to 40       -36.7   55.2   68.9   52.0
  
                                                      Birth Cohort 1970-74

 0 Current Rules                                  -61.3   49.4   75.2   57.0
 1 38% Tax Hike Beginning in Year 2000            -32.2   59.1   80.3   65.5
 2 25% Benefit Cut Beginning in Year 2000         -20.7   62.2   81.4   67.9
 3 Acclerated Increase in NRA                     -41.4   56.8   79.2   63.3
 4 CPI Indexing of Covered Earnings               -47.5   53.7   76.9   60.8
 5 Indexing Benefits by CPI Minus 1%              -42.9   54.8   77.9   61.8
 6 Stabilize Real Per Capita Benefits               1.2   69.3   84.9   73.9
 7 Freeze Bend Points in Real Terms               -45.9   55.5   78.6   62.2
 8 Eliminate Earnings Ceiling                     -69.1   48.4   76.5   60.3
 9 Eliminate Earnings Ceiling w/o Benefit Change  -61.2   49.5   83.9   64.9
10 Increase Computation Years from 35 to 40       -52.4   51.4   75.8   58.8
  
                                                      Birth Cohort 1995-00

 0 Current Rules                                  -44.7   48.9   76.3   58.1
 1 38% Tax Hike Beginning in Year 2000             -5.0   62.9   82.8   69.6
 2 25% Benefit Cut Beginning in Year 2000          -8.3   61.9   82.3   68.7
 3 Acclerated Increase in NRA                     -26.5   56.3   80.2   64.3
 4 CPI Indexing of Covered Earnings               -31.8   53.2   78.0   61.8
 5 Indexing Benefits by CPI Minus 1%              -28.7   54.1   78.8   62.5
 6 Stabilize Real Per Capita Benefits              62.6   87.5   94.0   89.5
 7 Freeze Bend Points in Real Terms               -20.7   59.0   81.5   66.6
 8 Eliminate Earnings Ceiling                     -49.8   48.5   78.2   61.9
 9 Eliminate Earnings Ceiling w/o Benefit Change  -44.6   49.1   84.4   65.7
10 Increase Computation Years from 35 to 40       -36.9   51.1   76.9   59.8
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Source: Author's calculations.