Detailed Single Year Tables
Description of Proposed Provision:
H6: Eliminate federal income taxation of OASDI benefits that is credited to the OASI and DI Trust Funds for 2054 and later. Phase out OASDI taxation of benefits by increasing relevant "income" thresholds from 2045 through 2053 as follows, for single/joint tax filers: (a) 2045 = $32,500/$65,000; (b) 2046 = $40,000/$80,000; (c) 2047 = $47,500/$95,000; (d) 2048 = $55,000/$110,000; (e) 2049 = $62,500/$125,000; (f) 2050 = $70,000/$140,000; (g) 2051 = $77,500/$155,000; (h) 2052 = $85,000/$170,000; and (i) 2053 = $92,500/$185,000. Taxation of benefits revenues for the Hospital Insurance (HI) Trust Fund would be maintained at the same level as if the current-law computation applied.
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 | 13.03 | -2.25 | 149 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.48 | 13.08 | -2.39 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.59 | 13.11 | -2.48 | 113 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.69 | 13.14 | -2.55 | 95 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.80 | 13.16 | -2.64 | 78 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.91 | 13.18 | -2.73 | 60 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 16.00 | 13.20 | -2.80 | 43 | 0.00 | 0.00 | 0.00 | ||
| 2033 | 16.07 | 13.24 | -2.83 | 26 | 0.00 | 0.00 | 0.00 | ||
| 2034 | 16.15 | 13.27 | -2.88 | 9 | 0.00 | 0.00 | 0.00 | ||
| 2035 | 16.23 | 13.28 | -2.95 | — | 0.00 | 0.00 | 0.00 | ||
| 2036 | 16.32 | 13.29 | -3.04 | — | 0.00 | 0.00 | 0.00 | ||
| 2037 | 16.41 | 13.29 | -3.12 | — | 0.00 | 0.00 | 0.00 | ||
| 2038 | 16.49 | 13.30 | -3.19 | — | 0.00 | 0.00 | 0.00 | ||
| 2039 | 16.55 | 13.31 | -3.24 | — | 0.00 | 0.00 | 0.00 | ||
| 2040 | 16.60 | 13.32 | -3.29 | — | 0.00 | 0.00 | 0.00 | ||
| 2041 | 16.65 | 13.32 | -3.33 | — | 0.00 | 0.00 | 0.00 | ||
| 2042 | 16.68 | 13.32 | -3.35 | — | 0.00 | 0.00 | 0.00 | ||
| 2043 | 16.71 | 13.33 | -3.38 | — | 0.00 | 0.00 | 0.00 | ||
| 2044 | 16.74 | 13.33 | -3.41 | — | 0.00 | 0.00 | 0.00 | ||
| 2045 | 16.77 | 13.27 | -3.51 | — | 0.00 | -0.07 | -0.07 | ||
| 2046 | 16.80 | 13.22 | -3.59 | — | 0.00 | -0.12 | -0.12 | ||
| 2047 | 16.84 | 13.17 | -3.67 | — | 0.00 | -0.18 | -0.18 | ||
| 2048 | 16.88 | 13.12 | -3.76 | — | 0.00 | -0.23 | -0.23 | ||
| 2049 | 16.92 | 13.08 | -3.85 | — | 0.00 | -0.27 | -0.28 | ||
| 2050 | 16.97 | 13.04 | -3.93 | — | 0.00 | -0.32 | -0.32 | ||
| 2051 | 17.02 | 13.00 | -4.02 | — | 0.00 | -0.36 | -0.36 | ||
| 2052 | 17.08 | 12.97 | -4.11 | — | 0.00 | -0.40 | -0.40 | ||
| 2053 | 17.15 | 12.94 | -4.21 | — | 0.00 | -0.43 | -0.44 | ||
| 2054 | 17.22 | 12.38 | -4.84 | — | 0.00 | -1.00 | -1.00 | ||
| 2055 | 17.30 | 12.38 | -4.92 | — | 0.00 | -1.01 | -1.01 | ||
| 2056 | 17.39 | 12.38 | -5.01 | — | 0.00 | -1.01 | -1.02 | ||
| 2057 | 17.48 | 12.38 | -5.10 | — | 0.00 | -1.02 | -1.03 | ||
| 2058 | 17.58 | 12.38 | -5.20 | — | 0.00 | -1.03 | -1.03 | ||
| 2059 | 17.66 | 12.38 | -5.28 | — | 0.00 | -1.04 | -1.04 | ||
| 2060 | 17.75 | 12.38 | -5.37 | — | 0.00 | -1.04 | -1.05 | ||
| 2061 | 17.82 | 12.38 | -5.44 | — | 0.00 | -1.05 | -1.05 | ||
| 2062 | 17.90 | 12.38 | -5.52 | — | 0.00 | -1.06 | -1.06 | ||
| 2063 | 17.97 | 12.38 | -5.59 | — | 0.00 | -1.06 | -1.07 | ||
| 2064 | 18.03 | 12.38 | -5.65 | — | 0.00 | -1.07 | -1.07 | ||
| 2065 | 18.10 | 12.38 | -5.72 | — | 0.00 | -1.07 | -1.08 | ||
| 2066 | 18.17 | 12.38 | -5.79 | — | 0.00 | -1.08 | -1.08 | ||
| 2067 | 18.24 | 12.38 | -5.86 | — | 0.00 | -1.09 | -1.09 | ||
| 2068 | 18.31 | 12.38 | -5.93 | — | 0.00 | -1.09 | -1.10 | ||
| 2069 | 18.38 | 12.38 | -6.00 | — | 0.00 | -1.10 | -1.10 | ||
| 2070 | 18.46 | 12.38 | -6.08 | — | 0.00 | -1.10 | -1.11 | ||
| 2071 | 18.53 | 12.38 | -6.15 | — | 0.00 | -1.11 | -1.11 | ||
| 2072 | 18.60 | 12.38 | -6.22 | — | 0.00 | -1.12 | -1.12 | ||
| 2073 | 18.68 | 12.38 | -6.30 | — | 0.00 | -1.12 | -1.13 | ||
| 2074 | 18.74 | 12.38 | -6.36 | — | 0.00 | -1.13 | -1.13 | ||
| 2075 | 18.81 | 12.38 | -6.43 | — | 0.00 | -1.13 | -1.14 | ||
| 2076 | 18.86 | 12.38 | -6.48 | — | 0.00 | -1.14 | -1.14 | ||
| 2077 | 18.90 | 12.38 | -6.52 | — | 0.00 | -1.14 | -1.15 | ||
| 2078 | 18.93 | 12.38 | -6.55 | — | 0.00 | -1.14 | -1.15 | ||
| 2079 | 18.95 | 12.38 | -6.57 | — | 0.00 | -1.15 | -1.15 | ||
| 2080 | 18.96 | 12.38 | -6.58 | — | 0.00 | -1.15 | -1.15 | ||
| 2081 | 18.96 | 12.38 | -6.58 | — | 0.00 | -1.15 | -1.15 | ||
| 2082 | 18.95 | 12.38 | -6.58 | — | 0.00 | -1.15 | -1.15 | ||
| 2083 | 18.94 | 12.38 | -6.56 | — | 0.00 | -1.15 | -1.15 | ||
| 2084 | 18.91 | 12.38 | -6.53 | — | 0.00 | -1.15 | -1.15 | ||
| 2085 | 18.87 | 12.38 | -6.49 | — | 0.00 | -1.15 | -1.15 | ||
| 2086 | 18.83 | 12.38 | -6.45 | — | 0.00 | -1.14 | -1.15 | ||
| 2087 | 18.77 | 12.38 | -6.39 | — | 0.00 | -1.14 | -1.15 | ||
| 2088 | 18.71 | 12.38 | -6.33 | — | 0.00 | -1.14 | -1.14 | ||
| 2089 | 18.65 | 12.38 | -6.27 | — | 0.00 | -1.13 | -1.14 | ||
| 2090 | 18.58 | 12.38 | -6.20 | — | 0.00 | -1.13 | -1.13 | ||
| 2091 | 18.52 | 12.38 | -6.14 | — | 0.00 | -1.13 | -1.13 | ||
| 2092 | 18.47 | 12.38 | -6.09 | — | 0.00 | -1.12 | -1.13 | ||
| 2093 | 18.42 | 12.38 | -6.05 | — | 0.00 | -1.12 | -1.12 | ||
| 2094 | 18.39 | 12.38 | -6.01 | — | 0.00 | -1.12 | -1.12 | ||
| 2095 | 18.36 | 12.38 | -5.98 | — | 0.00 | -1.12 | -1.12 | ||
| 2096 | 18.35 | 12.38 | -5.97 | — | 0.00 | -1.12 | -1.12 | ||
| 2097 | 18.33 | 12.38 | -5.95 | — | 0.00 | -1.11 | -1.12 | ||
| 2098 | 18.33 | 12.38 | -5.95 | — | 0.00 | -1.11 | -1.12 | ||
| 2099 | 18.34 | 12.38 | -5.96 | — | 0.00 | -1.12 | -1.12 | ||
| 2100 | 18.36 | 12.38 | -5.98 | — | 0.00 | -1.12 | -1.12 | ||
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% | 13.15% | -4.46% | 2034 | 0.00% | -0.63% | -0.64% | ||
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.