Appendix Table  8:
The Impact of Potential OASI Reforms on Lifetime Net Tax Rates
                     Non-White, Non-College-Educated Women (r=5%)

Quintile of Lifetime Earnings:                   Lowest  Middle Highest  All 

                                                      Birth Cohort 1945-49

 0 Current Rules                                   -4.8    6.1    3.9    5.1
 1 38% Tax Hike Beginning in Year 2000             -4.6    6.5    4.2    5.4
 2 25% Benefit Cut Beginning in Year 2000           -.9    7.2    4.5    6.1
 3 Acclerated Increase in NRA                      -2.4    6.8    4.4    5.8
 4 CPI Indexing of Covered Earnings                -3.3    6.5    4.1    5.4
 5 Indexing Benefits by CPI Minus 1%               -3.0    6.6    4.1    5.5
 6 Stabilize Real Per Capita Benefits              -2.9    6.6    4.2    5.5
 7 Freeze Bend Points in Real Terms                -4.4    6.3    4.0    5.2
 8 Eliminate Earnings Ceiling                      -4.8    6.1    4.5    5.2
 9 Eliminate Earnings Ceiling w/o Benefit Change   -4.8    6.1    4.7    5.3
10 Increase Computation Years from 35 to 40        -4.0    6.3    4.0    5.2
  
                                                      Birth Cohort 1970-74

 0 Current Rules                                   -8.7    5.6    5.2    5.2
 1 38% Tax Hike Beginning in Year 2000             -6.3    8.4    7.0    7.5
 2 25% Benefit Cut Beginning in Year 2000          -3.9    6.8    5.6    6.1
 3 Acclerated Increase in NRA                      -6.9    6.3    5.5    5.7
 4 CPI Indexing of Covered Earnings                -7.0    6.0    5.3    5.5
 5 Indexing Benefits by CPI Minus 1%               -6.1    6.2    5.4    5.6
 6 Stabilize Real Per Capita Benefits              -1.8    7.4    5.8    6.5
 7 Freeze Bend Points in Real Terms                -7.4    6.1    5.4    5.6
 8 Eliminate Earnings Ceiling                      -8.7    5.5    7.3    6.1
 9 Eliminate Earnings Ceiling w/o Benefit Change   -8.7    5.6    7.9    6.4
10 Increase Computation Years from 35 to 40        -7.8    5.8    5.2    5.3
  
                                                      Birth Cohort 1995-00

 0 Current Rules                                   -3.1    5.7    5.9    5.6
 1 38% Tax Hike Beginning in Year 2000               .9    9.6    8.7    8.9
 2 25% Benefit Cut Beginning in Year 2000            .3    6.8    6.3    6.4
 3 Acclerated Increase in NRA                      -1.5    6.4    6.2    6.1
 4 CPI Indexing of Covered Earnings                -1.6    6.1    6.0    5.9
 5 Indexing Benefits by CPI Minus 1%               -1.5    6.1    6.1    5.9
 6 Stabilize Real Per Capita Benefits               6.3    9.1    7.0    8.0
 7 Freeze Bend Points in Real Terms                -1.2    6.5    6.2    6.2
 8 Eliminate Earnings Ceiling                      -3.1    5.6    8.3    6.8
 9 Eliminate Earnings Ceiling w/o Benefit Change   -3.0    5.7    8.8    7.0
10 Increase Computation Years from 35 to 40        -2.4    5.9    5.9    5.7
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Source: Author's calculations.