Summary Measures and Graphs
Description of Proposed Provision:
E1.2: Increase the payroll tax rate (currently 12.4 percent) to 16.1 percent in 2034-2063, and to 19.8 percent in years 2064 and later.
Estimates based on the intermediate assumptions
of the 2025 Trustees Report
Summary Measures | |||||||
---|---|---|---|---|---|---|---|
Current law [percent of payroll] |
Change from current law [percent of payroll] |
Shortfall eliminated | |||||
Long-range actuarial balance |
Annual balance in 75th year |
Long-range actuarial balance |
Annual balance in 75th year |
Long-range actuarial balance |
Annual balance in 75th year |
||
-3.82 | -4.84 | 4.55 | 7.35 | 119% | 152% |
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