Detailed Single Year Tables
Description of Proposed Provision:
E2.2: Eliminate the taxable maximum in years 2026 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.
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 | 15.44 | 0.15 | 149 | 0.00 | 2.40 | 2.40 | ||
2027 | 15.48 | 15.60 | 0.12 | 146 | -0.00 | 2.51 | 2.51 | ||
2028 | 15.59 | 15.62 | 0.03 | 143 | 0.00 | 2.51 | 2.51 | ||
2029 | 15.70 | 15.64 | -0.06 | 141 | 0.01 | 2.51 | 2.50 | ||
2030 | 15.82 | 15.66 | -0.16 | 138 | 0.02 | 2.50 | 2.48 | ||
2031 | 15.94 | 15.69 | -0.25 | 134 | 0.03 | 2.51 | 2.47 | ||
2032 | 16.05 | 15.71 | -0.34 | 131 | 0.05 | 2.51 | 2.46 | ||
2033 | 15.92 | 15.76 | -0.16 | 128 | -0.15 | 2.51 | 2.66 | ||
2034 | 16.19 | 15.78 | -0.41 | 126 | 0.04 | 2.51 | 2.47 | ||
2035 | 16.30 | 15.79 | -0.51 | 123 | 0.07 | 2.52 | 2.45 | ||
2036 | 16.41 | 15.80 | -0.61 | 119 | 0.09 | 2.52 | 2.43 | ||
2037 | 16.52 | 15.82 | -0.70 | 116 | 0.11 | 2.52 | 2.42 | ||
2038 | 16.61 | 15.83 | -0.79 | 111 | 0.12 | 2.52 | 2.40 | ||
2039 | 16.70 | 15.84 | -0.86 | 107 | 0.15 | 2.53 | 2.38 | ||
2040 | 16.77 | 15.85 | -0.93 | 102 | 0.17 | 2.53 | 2.36 | ||
2041 | 16.84 | 15.85 | -0.98 | 97 | 0.19 | 2.53 | 2.34 | ||
2042 | 16.89 | 15.86 | -1.03 | 92 | 0.21 | 2.54 | 2.32 | ||
2043 | 16.95 | 15.87 | -1.08 | 87 | 0.24 | 2.54 | 2.30 | ||
2044 | 17.01 | 15.88 | -1.13 | 81 | 0.27 | 2.54 | 2.28 | ||
2045 | 17.07 | 15.88 | -1.18 | 75 | 0.29 | 2.55 | 2.25 | ||
2046 | 17.13 | 15.89 | -1.24 | 68 | 0.32 | 2.55 | 2.23 | ||
2047 | 17.19 | 15.90 | -1.29 | 62 | 0.35 | 2.56 | 2.20 | ||
2048 | 17.26 | 15.91 | -1.36 | 55 | 0.39 | 2.56 | 2.17 | ||
2049 | 17.34 | 15.92 | -1.43 | 47 | 0.42 | 2.57 | 2.15 | ||
2050 | 17.42 | 15.93 | -1.50 | 39 | 0.45 | 2.57 | 2.12 | ||
2051 | 17.51 | 15.94 | -1.57 | 31 | 0.49 | 2.57 | 2.09 | ||
2052 | 17.60 | 15.95 | -1.66 | 23 | 0.52 | 2.58 | 2.06 | ||
2053 | 17.70 | 15.96 | -1.75 | 14 | 0.56 | 2.58 | 2.03 | ||
2054 | 17.81 | 15.97 | -1.84 | 4 | 0.59 | 2.59 | 2.00 | ||
2055 | 17.93 | 15.98 | -1.95 | — | 0.63 | 2.59 | 1.96 | ||
2056 | 18.05 | 15.99 | -2.06 | — | 0.67 | 2.60 | 1.93 | ||
2057 | 18.18 | 16.00 | -2.18 | — | 0.71 | 2.60 | 1.90 | ||
2058 | 18.32 | 16.02 | -2.30 | — | 0.74 | 2.61 | 1.86 | ||
2059 | 18.44 | 16.03 | -2.41 | — | 0.78 | 2.61 | 1.83 | ||
2060 | 18.56 | 16.04 | -2.52 | — | 0.82 | 2.62 | 1.80 | ||
2061 | 18.67 | 16.05 | -2.62 | — | 0.85 | 2.62 | 1.77 | ||
2062 | 18.78 | 16.06 | -2.72 | — | 0.89 | 2.63 | 1.74 | ||
2063 | 18.89 | 16.08 | -2.81 | — | 0.92 | 2.63 | 1.71 | ||
2064 | 18.99 | 16.09 | -2.90 | — | 0.96 | 2.64 | 1.68 | ||
2065 | 19.09 | 16.10 | -2.99 | — | 0.99 | 2.64 | 1.65 | ||
2066 | 19.19 | 16.11 | -3.08 | — | 1.02 | 2.65 | 1.62 | ||
2067 | 19.29 | 16.12 | -3.17 | — | 1.05 | 2.65 | 1.60 | ||
2068 | 19.39 | 16.13 | -3.27 | — | 1.08 | 2.66 | 1.57 | ||
2069 | 19.49 | 16.14 | -3.36 | — | 1.11 | 2.66 | 1.55 | ||
2070 | 19.60 | 16.15 | -3.45 | — | 1.14 | 2.66 | 1.52 | ||
2071 | 19.70 | 16.16 | -3.54 | — | 1.17 | 2.67 | 1.50 | ||
2072 | 19.79 | 16.17 | -3.63 | — | 1.19 | 2.67 | 1.48 | ||
2073 | 19.89 | 16.17 | -3.71 | — | 1.22 | 2.67 | 1.46 | ||
2074 | 19.98 | 16.18 | -3.80 | — | 1.24 | 2.68 | 1.44 | ||
2075 | 20.06 | 16.19 | -3.87 | — | 1.26 | 2.68 | 1.42 | ||
2076 | 20.13 | 16.20 | -3.93 | — | 1.28 | 2.68 | 1.40 | ||
2077 | 20.19 | 16.21 | -3.98 | — | 1.29 | 2.68 | 1.39 | ||
2078 | 20.24 | 16.21 | -4.03 | — | 1.31 | 2.69 | 1.38 | ||
2079 | 20.27 | 16.21 | -4.05 | — | 1.32 | 2.69 | 1.37 | ||
2080 | 20.29 | 16.22 | -4.07 | — | 1.33 | 2.69 | 1.36 | ||
2081 | 20.30 | 16.22 | -4.08 | — | 1.34 | 2.69 | 1.35 | ||
2082 | 20.30 | 16.22 | -4.08 | — | 1.35 | 2.69 | 1.34 | ||
2083 | 20.29 | 16.22 | -4.07 | — | 1.36 | 2.69 | 1.34 | ||
2084 | 20.27 | 16.22 | -4.05 | — | 1.36 | 2.70 | 1.33 | ||
2085 | 20.23 | 16.22 | -4.01 | — | 1.36 | 2.70 | 1.33 | ||
2086 | 20.19 | 16.22 | -3.97 | — | 1.37 | 2.70 | 1.33 | ||
2087 | 20.13 | 16.22 | -3.91 | — | 1.37 | 2.70 | 1.33 | ||
2088 | 20.07 | 16.21 | -3.85 | — | 1.36 | 2.70 | 1.33 | ||
2089 | 20.00 | 16.21 | -3.79 | — | 1.36 | 2.70 | 1.34 | ||
2090 | 19.94 | 16.21 | -3.73 | — | 1.36 | 2.70 | 1.34 | ||
2091 | 19.87 | 16.20 | -3.67 | — | 1.36 | 2.70 | 1.34 | ||
2092 | 19.82 | 16.20 | -3.62 | — | 1.35 | 2.70 | 1.34 | ||
2093 | 19.77 | 16.20 | -3.57 | — | 1.35 | 2.70 | 1.35 | ||
2094 | 19.73 | 16.19 | -3.54 | — | 1.35 | 2.70 | 1.35 | ||
2095 | 19.70 | 16.19 | -3.51 | — | 1.35 | 2.70 | 1.35 | ||
2096 | 19.69 | 16.19 | -3.49 | — | 1.35 | 2.70 | 1.35 | ||
2097 | 19.67 | 16.19 | -3.48 | — | 1.34 | 2.70 | 1.35 | ||
2098 | 19.67 | 16.19 | -3.48 | — | 1.34 | 2.70 | 1.36 | ||
2099 | 19.68 | 16.20 | -3.49 | — | 1.35 | 2.70 | 1.36 | ||
2100 | 19.70 | 16.20 | -3.50 | — | 1.35 | 2.70 | 1.35 |
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 | 18.32% | 16.35% | -1.97% | 2054 | 0.71% | 2.57% | 1.86% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
Based on Intermediate Assumptions of the 2025 Trustees Report.