Detailed Single Year Tables
Description of Proposed Provision:
H2: Starting in 2026, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2026-2045.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.29 | 13.17 | -2.12 | 149 | 0.00 | 0.13 | 0.13 | ||
| 2027 | 15.48 | 13.24 | -2.24 | 132 | -0.00 | 0.15 | 0.15 | ||
| 2028 | 15.59 | 13.28 | -2.31 | 115 | -0.00 | 0.17 | 0.17 | ||
| 2029 | 15.69 | 13.32 | -2.37 | 98 | -0.00 | 0.18 | 0.18 | ||
| 2030 | 15.80 | 13.35 | -2.44 | 82 | -0.00 | 0.20 | 0.20 | ||
| 2031 | 15.91 | 13.39 | -2.52 | 65 | -0.00 | 0.21 | 0.21 | ||
| 2032 | 16.00 | 13.42 | -2.58 | 49 | -0.00 | 0.22 | 0.22 | ||
| 2033 | 16.07 | 13.47 | -2.59 | 33 | -0.00 | 0.23 | 0.23 | ||
| 2034 | 16.14 | 13.50 | -2.64 | 17 | -0.00 | 0.24 | 0.24 | ||
| 2035 | 16.23 | 13.52 | -2.71 | 1 | -0.00 | 0.24 | 0.24 | ||
| 2036 | 16.32 | 13.53 | -2.79 | — | -0.00 | 0.25 | 0.25 | ||
| 2037 | 16.41 | 13.54 | -2.87 | — | -0.00 | 0.25 | 0.25 | ||
| 2038 | 16.49 | 13.55 | -2.93 | — | -0.00 | 0.25 | 0.25 | ||
| 2039 | 16.55 | 13.56 | -2.99 | — | -0.00 | 0.25 | 0.25 | ||
| 2040 | 16.60 | 13.56 | -3.04 | — | -0.00 | 0.25 | 0.25 | ||
| 2041 | 16.64 | 13.57 | -3.08 | — | -0.00 | 0.25 | 0.25 | ||
| 2042 | 16.68 | 13.57 | -3.11 | — | -0.00 | 0.25 | 0.25 | ||
| 2043 | 16.71 | 13.57 | -3.14 | — | -0.00 | 0.24 | 0.24 | ||
| 2044 | 16.74 | 13.57 | -3.17 | — | -0.00 | 0.24 | 0.24 | ||
| 2045 | 16.77 | 13.57 | -3.20 | — | -0.00 | 0.24 | 0.24 | ||
| 2046 | 16.80 | 13.57 | -3.23 | — | -0.00 | 0.24 | 0.24 | ||
| 2047 | 16.84 | 13.57 | -3.26 | — | -0.00 | 0.23 | 0.23 | ||
| 2048 | 16.88 | 13.58 | -3.30 | — | -0.00 | 0.23 | 0.23 | ||
| 2049 | 16.92 | 13.58 | -3.35 | — | -0.00 | 0.23 | 0.23 | ||
| 2050 | 16.97 | 13.58 | -3.39 | — | -0.00 | 0.22 | 0.22 | ||
| 2051 | 17.02 | 13.58 | -3.44 | — | -0.00 | 0.22 | 0.22 | ||
| 2052 | 17.08 | 13.58 | -3.49 | — | -0.00 | 0.22 | 0.22 | ||
| 2053 | 17.14 | 13.59 | -3.56 | — | -0.00 | 0.22 | 0.22 | ||
| 2054 | 17.22 | 13.59 | -3.62 | — | -0.00 | 0.21 | 0.21 | ||
| 2055 | 17.30 | 13.60 | -3.70 | — | -0.00 | 0.21 | 0.21 | ||
| 2056 | 17.38 | 13.60 | -3.78 | — | -0.00 | 0.21 | 0.21 | ||
| 2057 | 17.48 | 13.61 | -3.87 | — | -0.00 | 0.21 | 0.21 | ||
| 2058 | 17.57 | 13.62 | -3.95 | — | -0.00 | 0.21 | 0.21 | ||
| 2059 | 17.66 | 13.62 | -4.04 | — | -0.00 | 0.21 | 0.21 | ||
| 2060 | 17.74 | 13.63 | -4.11 | — | -0.00 | 0.21 | 0.21 | ||
| 2061 | 17.82 | 13.63 | -4.18 | — | -0.00 | 0.20 | 0.21 | ||
| 2062 | 17.89 | 13.64 | -4.25 | — | -0.00 | 0.20 | 0.20 | ||
| 2063 | 17.96 | 13.64 | -4.32 | — | -0.00 | 0.20 | 0.20 | ||
| 2064 | 18.03 | 13.65 | -4.38 | — | -0.00 | 0.20 | 0.20 | ||
| 2065 | 18.10 | 13.65 | -4.44 | — | -0.00 | 0.20 | 0.20 | ||
| 2066 | 18.17 | 13.66 | -4.51 | — | -0.00 | 0.20 | 0.20 | ||
| 2067 | 18.24 | 13.66 | -4.57 | — | -0.00 | 0.20 | 0.20 | ||
| 2068 | 18.31 | 13.67 | -4.64 | — | -0.00 | 0.20 | 0.20 | ||
| 2069 | 18.38 | 13.68 | -4.70 | — | -0.00 | 0.20 | 0.20 | ||
| 2070 | 18.46 | 13.68 | -4.77 | — | -0.00 | 0.20 | 0.20 | ||
| 2071 | 18.53 | 13.69 | -4.84 | — | -0.00 | 0.20 | 0.20 | ||
| 2072 | 18.60 | 13.69 | -4.91 | — | -0.00 | 0.20 | 0.20 | ||
| 2073 | 18.67 | 13.70 | -4.97 | — | -0.00 | 0.20 | 0.20 | ||
| 2074 | 18.74 | 13.70 | -5.04 | — | -0.00 | 0.20 | 0.20 | ||
| 2075 | 18.80 | 13.71 | -5.09 | — | -0.00 | 0.20 | 0.20 | ||
| 2076 | 18.85 | 13.71 | -5.14 | — | -0.00 | 0.20 | 0.20 | ||
| 2077 | 18.89 | 13.72 | -5.18 | — | -0.00 | 0.19 | 0.20 | ||
| 2078 | 18.93 | 13.72 | -5.21 | — | -0.00 | 0.19 | 0.20 | ||
| 2079 | 18.94 | 13.72 | -5.22 | — | -0.00 | 0.19 | 0.19 | ||
| 2080 | 18.96 | 13.72 | -5.23 | — | -0.00 | 0.19 | 0.19 | ||
| 2081 | 18.96 | 13.72 | -5.24 | — | -0.00 | 0.19 | 0.19 | ||
| 2082 | 18.95 | 13.72 | -5.23 | — | -0.00 | 0.19 | 0.19 | ||
| 2083 | 18.93 | 13.72 | -5.21 | — | -0.00 | 0.19 | 0.19 | ||
| 2084 | 18.91 | 13.72 | -5.19 | — | -0.00 | 0.19 | 0.19 | ||
| 2085 | 18.87 | 13.72 | -5.15 | — | -0.00 | 0.19 | 0.19 | ||
| 2086 | 18.82 | 13.71 | -5.11 | — | -0.00 | 0.19 | 0.19 | ||
| 2087 | 18.76 | 13.71 | -5.06 | — | -0.00 | 0.19 | 0.19 | ||
| 2088 | 18.70 | 13.70 | -5.00 | — | -0.00 | 0.19 | 0.19 | ||
| 2089 | 18.64 | 13.70 | -4.94 | — | -0.00 | 0.18 | 0.19 | ||
| 2090 | 18.58 | 13.69 | -4.88 | — | -0.00 | 0.18 | 0.18 | ||
| 2091 | 18.52 | 13.69 | -4.83 | — | -0.00 | 0.18 | 0.18 | ||
| 2092 | 18.46 | 13.68 | -4.78 | — | -0.00 | 0.18 | 0.18 | ||
| 2093 | 18.42 | 13.68 | -4.74 | — | -0.00 | 0.18 | 0.18 | ||
| 2094 | 18.38 | 13.68 | -4.71 | — | -0.00 | 0.18 | 0.18 | ||
| 2095 | 18.36 | 13.67 | -4.68 | — | -0.00 | 0.18 | 0.18 | ||
| 2096 | 18.34 | 13.67 | -4.67 | — | -0.00 | 0.18 | 0.18 | ||
| 2097 | 18.33 | 13.67 | -4.66 | — | -0.00 | 0.18 | 0.18 | ||
| 2098 | 18.33 | 13.67 | -4.66 | — | -0.00 | 0.18 | 0.18 | ||
| 2099 | 18.34 | 13.67 | -4.66 | — | -0.00 | 0.18 | 0.18 | ||
| 2100 | 18.35 | 13.67 | -4.68 | — | -0.00 | 0.18 | 0.18 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2025-2099 | 17.61% | 13.99% | -3.62% | 2035 | -0.00% | 0.21% | 0.21% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.