Detailed Single Year Tables
Description of Proposed Provision:
E3.2: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2027-2036). Do not provide benefit credit for additional earnings taxed.
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 |
|||
| 2026 | 15.37 | 12.91 | -2.45 | 151 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.62 | 13.00 | -2.62 | 131 | 0.00 | 0.15 | 0.15 | ||
| 2028 | 15.70 | 13.30 | -2.40 | 112 | -0.00 | 0.29 | 0.29 | ||
| 2029 | 15.74 | 13.49 | -2.25 | 95 | -0.00 | 0.43 | 0.43 | ||
| 2030 | 15.74 | 13.63 | -2.11 | 80 | -0.00 | 0.55 | 0.55 | ||
| 2031 | 15.72 | 13.75 | -1.97 | 65 | -0.00 | 0.67 | 0.67 | ||
| 2032 | 15.72 | 13.86 | -1.86 | 53 | -0.00 | 0.77 | 0.77 | ||
| 2033 | 15.72 | 13.99 | -1.73 | 41 | -0.00 | 0.86 | 0.86 | ||
| 2034 | 15.74 | 14.08 | -1.66 | 30 | -0.00 | 0.94 | 0.95 | ||
| 2035 | 15.77 | 14.19 | -1.58 | 20 | -0.00 | 1.02 | 1.03 | ||
| 2036 | 15.85 | 14.27 | -1.58 | 10 | -0.01 | 1.10 | 1.10 | ||
| 2037 | 15.95 | 14.28 | -1.66 | 0 | -0.01 | 1.10 | 1.11 | ||
| 2038 | 16.04 | 14.29 | -1.74 | — | -0.01 | 1.10 | 1.11 | ||
| 2039 | 16.12 | 14.30 | -1.82 | — | -0.01 | 1.10 | 1.12 | ||
| 2040 | 16.19 | 14.30 | -1.89 | — | -0.01 | 1.10 | 1.12 | ||
| 2041 | 16.26 | 14.31 | -1.95 | — | -0.02 | 1.11 | 1.12 | ||
| 2042 | 16.32 | 14.32 | -2.01 | — | -0.02 | 1.11 | 1.13 | ||
| 2043 | 16.39 | 14.32 | -2.07 | — | -0.02 | 1.11 | 1.13 | ||
| 2044 | 16.47 | 14.33 | -2.14 | — | -0.02 | 1.11 | 1.13 | ||
| 2045 | 16.55 | 14.33 | -2.22 | — | -0.02 | 1.11 | 1.13 | ||
| 2046 | 16.61 | 14.34 | -2.27 | — | -0.03 | 1.11 | 1.14 | ||
| 2047 | 16.67 | 14.34 | -2.33 | — | -0.03 | 1.11 | 1.14 | ||
| 2048 | 16.74 | 14.35 | -2.39 | — | -0.03 | 1.11 | 1.14 | ||
| 2049 | 16.81 | 14.35 | -2.46 | — | -0.03 | 1.11 | 1.15 | ||
| 2050 | 16.89 | 14.36 | -2.53 | — | -0.03 | 1.11 | 1.15 | ||
| 2051 | 16.98 | 14.37 | -2.62 | — | -0.04 | 1.11 | 1.15 | ||
| 2052 | 17.09 | 14.38 | -2.71 | — | -0.04 | 1.12 | 1.15 | ||
| 2053 | 17.20 | 14.38 | -2.81 | — | -0.04 | 1.12 | 1.16 | ||
| 2054 | 17.31 | 14.39 | -2.92 | — | -0.04 | 1.12 | 1.16 | ||
| 2055 | 17.44 | 14.40 | -3.04 | — | -0.04 | 1.12 | 1.16 | ||
| 2056 | 17.57 | 14.41 | -3.16 | — | -0.04 | 1.12 | 1.16 | ||
| 2057 | 17.70 | 14.42 | -3.28 | — | -0.04 | 1.12 | 1.16 | ||
| 2058 | 17.83 | 14.43 | -3.41 | — | -0.04 | 1.12 | 1.17 | ||
| 2059 | 17.97 | 14.44 | -3.53 | — | -0.04 | 1.12 | 1.17 | ||
| 2060 | 18.10 | 14.45 | -3.65 | — | -0.05 | 1.12 | 1.17 | ||
| 2061 | 18.23 | 14.46 | -3.77 | — | -0.05 | 1.12 | 1.17 | ||
| 2062 | 18.35 | 14.47 | -3.88 | — | -0.05 | 1.13 | 1.17 | ||
| 2063 | 18.47 | 14.47 | -4.00 | — | -0.05 | 1.13 | 1.17 | ||
| 2064 | 18.58 | 14.48 | -4.10 | — | -0.05 | 1.13 | 1.17 | ||
| 2065 | 18.70 | 14.49 | -4.21 | — | -0.05 | 1.13 | 1.17 | ||
| 2066 | 18.81 | 14.50 | -4.31 | — | -0.05 | 1.13 | 1.17 | ||
| 2067 | 18.93 | 14.51 | -4.42 | — | -0.05 | 1.13 | 1.17 | ||
| 2068 | 19.04 | 14.51 | -4.53 | — | -0.05 | 1.13 | 1.17 | ||
| 2069 | 19.16 | 14.52 | -4.64 | — | -0.04 | 1.13 | 1.18 | ||
| 2070 | 19.28 | 14.53 | -4.75 | — | -0.04 | 1.13 | 1.18 | ||
| 2071 | 19.40 | 14.54 | -4.86 | — | -0.04 | 1.13 | 1.18 | ||
| 2072 | 19.52 | 14.55 | -4.97 | — | -0.04 | 1.13 | 1.18 | ||
| 2073 | 19.64 | 14.56 | -5.08 | — | -0.04 | 1.13 | 1.18 | ||
| 2074 | 19.75 | 14.56 | -5.19 | — | -0.04 | 1.13 | 1.18 | ||
| 2075 | 19.86 | 14.57 | -5.29 | — | -0.04 | 1.14 | 1.18 | ||
| 2076 | 19.95 | 14.58 | -5.38 | — | -0.04 | 1.14 | 1.18 | ||
| 2077 | 20.04 | 14.59 | -5.46 | — | -0.04 | 1.14 | 1.18 | ||
| 2078 | 20.12 | 14.59 | -5.53 | — | -0.04 | 1.14 | 1.18 | ||
| 2079 | 20.19 | 14.60 | -5.59 | — | -0.04 | 1.14 | 1.18 | ||
| 2080 | 20.25 | 14.60 | -5.65 | — | -0.04 | 1.14 | 1.18 | ||
| 2081 | 20.30 | 14.61 | -5.70 | — | -0.04 | 1.14 | 1.18 | ||
| 2082 | 20.34 | 14.61 | -5.74 | — | -0.04 | 1.14 | 1.18 | ||
| 2083 | 20.38 | 14.61 | -5.77 | — | -0.04 | 1.14 | 1.18 | ||
| 2084 | 20.40 | 14.62 | -5.79 | — | -0.04 | 1.14 | 1.18 | ||
| 2085 | 20.41 | 14.62 | -5.80 | — | -0.04 | 1.14 | 1.18 | ||
| 2086 | 20.41 | 14.62 | -5.79 | — | -0.04 | 1.14 | 1.18 | ||
| 2087 | 20.40 | 14.62 | -5.78 | — | -0.04 | 1.14 | 1.18 | ||
| 2088 | 20.38 | 14.62 | -5.76 | — | -0.04 | 1.14 | 1.18 | ||
| 2089 | 20.35 | 14.62 | -5.73 | — | -0.04 | 1.15 | 1.18 | ||
| 2090 | 20.31 | 14.62 | -5.70 | — | -0.04 | 1.15 | 1.18 | ||
| 2091 | 20.27 | 14.61 | -5.66 | — | -0.04 | 1.15 | 1.18 | ||
| 2092 | 20.23 | 14.61 | -5.62 | — | -0.04 | 1.15 | 1.18 | ||
| 2093 | 20.19 | 14.61 | -5.58 | — | -0.04 | 1.15 | 1.18 | ||
| 2094 | 20.15 | 14.61 | -5.54 | — | -0.04 | 1.15 | 1.18 | ||
| 2095 | 20.11 | 14.61 | -5.50 | — | -0.04 | 1.15 | 1.19 | ||
| 2096 | 20.08 | 14.61 | -5.47 | — | -0.04 | 1.15 | 1.19 | ||
| 2097 | 20.05 | 14.61 | -5.44 | — | -0.04 | 1.15 | 1.19 | ||
| 2098 | 20.02 | 14.61 | -5.42 | — | -0.03 | 1.15 | 1.19 | ||
| 2099 | 20.00 | 14.61 | -5.40 | — | -0.03 | 1.15 | 1.19 | ||
| 2100 | 19.99 | 14.61 | -5.38 | — | -0.03 | 1.15 | 1.19 | ||
| 2101 | 19.98 | 14.61 | -5.38 | — | -0.03 | 1.15 | 1.19 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2026-2100 | 18.07% | 14.71% | -3.36% | 2037 | -0.03% | 1.03% | 1.06% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2026 Trustees Report.