Appendix Table  6:
The Impact of Potential OASI Reforms on Lifetime Net Tax Rates
                             Non-College (r=5%)                  

Quintile of Lifetime Earnings:                   Lowest  Middle Highest  All 

                                                      Birth Cohort 1945-49

 0 Current Rules                                   -3.7    6.3    5.1    5.6
 1 38% Tax Hike Beginning in Year 2000             -3.3    6.7    5.5    5.9
 2 25% Benefit Cut Beginning in Year 2000            .2    7.3    5.6    6.3
 3 Acclerated Increase in NRA                      -1.3    7.1    5.6    6.2
 4 CPI Indexing of Covered Earnings                -2.5    6.7    5.2    5.8
 5 Indexing Benefits by CPI Minus 1%               -2.0    6.7    5.3    5.9
 6 Stabilize Real Per Capita Benefits              -1.8    6.8    5.3    5.9
 7 Freeze Bend Points in Real Terms                -3.2    6.5    5.2    5.7
 8 Eliminate Earnings Ceiling                      -3.8    6.3    5.4    5.7
 9 Eliminate Earnings Ceiling w/o Benefit Change   -3.7    6.4    5.5    5.8
10 Increase Computation Years from 35 to 40        -2.9    6.5    5.2    5.7
  
                                                      Birth Cohort 1970-74

 0 Current Rules                                   -3.0    6.0    5.7    5.7
 1 38% Tax Hike Beginning in Year 2000              -.6    8.7    7.6    8.0
 2 25% Benefit Cut Beginning in Year 2000            .3    7.1    6.1    6.4
 3 Acclerated Increase in NRA                      -1.2    6.7    6.0    6.2
 4 CPI Indexing of Covered Earnings                -1.7    6.4    5.8    6.0
 5 Indexing Benefits by CPI Minus 1%               -1.5    6.4    5.8    6.0
 6 Stabilize Real Per Capita Benefits               2.2    7.7    6.3    6.8
 7 Freeze Bend Points in Real Terms                -1.8    6.5    5.9    6.1
 8 Eliminate Earnings Ceiling                      -3.3    6.0    7.7    6.8
 9 Eliminate Earnings Ceiling w/o Benefit Change   -3.0    6.0    8.1    7.1
10 Increase Computation Years from 35 to 40        -2.3    6.1    5.7    5.8
  
                                                      Birth Cohort 1995-00

 0 Current Rules                                   -1.8    5.5    6.0    5.8
 1 38% Tax Hike Beginning in Year 2000              2.1    9.3    8.9    9.1
 2 25% Benefit Cut Beginning in Year 2000           1.3    6.7    6.4    6.5
 3 Acclerated Increase in NRA                       -.2    6.2    6.3    6.2
 4 CPI Indexing of Covered Earnings                 -.6    5.9    6.1    6.0
 5 Indexing Benefits by CPI Minus 1%                -.5    5.9    6.2    6.1
 6 Stabilize Real Per Capita Benefits               7.2    9.0    7.3    8.1
 7 Freeze Bend Points in Real Terms                  .1    6.4    6.4    6.4
 8 Eliminate Earnings Ceiling                      -2.1    5.5    8.2    6.9
 9 Eliminate Earnings Ceiling w/o Benefit Change   -1.8    5.5    8.6    7.2
10 Increase Computation Years from 35 to 40        -1.1    5.7    6.0    5.9
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Source: Author's calculations.