Detailed Single Year Tables
Description of Proposed Provision:
E3.1: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2027-2036). Provide benefit credit for earnings up to the revised 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 |
|||
| 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 | 0.94 | ||
| 2035 | 15.78 | 14.19 | -1.59 | 20 | 0.01 | 1.02 | 1.02 | ||
| 2036 | 15.86 | 14.27 | -1.59 | 10 | 0.01 | 1.10 | 1.09 | ||
| 2037 | 15.96 | 14.29 | -1.68 | — | 0.01 | 1.11 | 1.10 | ||
| 2038 | 16.06 | 14.29 | -1.76 | — | 0.01 | 1.11 | 1.09 | ||
| 2039 | 16.15 | 14.30 | -1.84 | — | 0.02 | 1.11 | 1.09 | ||
| 2040 | 16.22 | 14.31 | -1.92 | — | 0.02 | 1.11 | 1.09 | ||
| 2041 | 16.30 | 14.32 | -1.98 | — | 0.03 | 1.11 | 1.09 | ||
| 2042 | 16.37 | 14.32 | -2.05 | — | 0.03 | 1.11 | 1.08 | ||
| 2043 | 16.45 | 14.33 | -2.12 | — | 0.04 | 1.11 | 1.08 | ||
| 2044 | 16.53 | 14.33 | -2.20 | — | 0.04 | 1.12 | 1.07 | ||
| 2045 | 16.62 | 14.34 | -2.28 | — | 0.05 | 1.12 | 1.07 | ||
| 2046 | 16.69 | 14.35 | -2.35 | — | 0.06 | 1.12 | 1.06 | ||
| 2047 | 16.77 | 14.35 | -2.41 | — | 0.07 | 1.12 | 1.06 | ||
| 2048 | 16.85 | 14.36 | -2.49 | — | 0.07 | 1.12 | 1.05 | ||
| 2049 | 16.93 | 14.37 | -2.56 | — | 0.08 | 1.13 | 1.04 | ||
| 2050 | 17.02 | 14.38 | -2.65 | — | 0.09 | 1.13 | 1.03 | ||
| 2051 | 17.12 | 14.38 | -2.74 | — | 0.11 | 1.13 | 1.03 | ||
| 2052 | 17.24 | 14.39 | -2.85 | — | 0.12 | 1.13 | 1.02 | ||
| 2053 | 17.36 | 14.40 | -2.96 | — | 0.13 | 1.14 | 1.01 | ||
| 2054 | 17.49 | 14.41 | -3.08 | — | 0.14 | 1.14 | 1.00 | ||
| 2055 | 17.63 | 14.42 | -3.21 | — | 0.15 | 1.14 | 0.99 | ||
| 2056 | 17.78 | 14.43 | -3.34 | — | 0.17 | 1.14 | 0.97 | ||
| 2057 | 17.93 | 14.44 | -3.48 | — | 0.18 | 1.15 | 0.96 | ||
| 2058 | 18.08 | 14.46 | -3.62 | — | 0.20 | 1.15 | 0.95 | ||
| 2059 | 18.23 | 14.47 | -3.76 | — | 0.21 | 1.15 | 0.94 | ||
| 2060 | 18.37 | 14.48 | -3.89 | — | 0.23 | 1.16 | 0.93 | ||
| 2061 | 18.51 | 14.49 | -4.02 | — | 0.24 | 1.16 | 0.92 | ||
| 2062 | 18.65 | 14.50 | -4.15 | — | 0.26 | 1.16 | 0.90 | ||
| 2063 | 18.79 | 14.51 | -4.28 | — | 0.27 | 1.16 | 0.89 | ||
| 2064 | 18.92 | 14.52 | -4.40 | — | 0.29 | 1.17 | 0.88 | ||
| 2065 | 19.05 | 14.53 | -4.52 | — | 0.30 | 1.17 | 0.87 | ||
| 2066 | 19.18 | 14.54 | -4.64 | — | 0.32 | 1.17 | 0.85 | ||
| 2067 | 19.30 | 14.55 | -4.76 | — | 0.33 | 1.17 | 0.84 | ||
| 2068 | 19.44 | 14.56 | -4.88 | — | 0.35 | 1.18 | 0.83 | ||
| 2069 | 19.57 | 14.57 | -5.00 | — | 0.37 | 1.18 | 0.81 | ||
| 2070 | 19.71 | 14.58 | -5.13 | — | 0.38 | 1.18 | 0.80 | ||
| 2071 | 19.84 | 14.59 | -5.25 | — | 0.40 | 1.18 | 0.79 | ||
| 2072 | 19.97 | 14.60 | -5.37 | — | 0.41 | 1.19 | 0.77 | ||
| 2073 | 20.11 | 14.61 | -5.50 | — | 0.43 | 1.19 | 0.76 | ||
| 2074 | 20.24 | 14.62 | -5.62 | — | 0.44 | 1.19 | 0.75 | ||
| 2075 | 20.36 | 14.63 | -5.73 | — | 0.46 | 1.19 | 0.74 | ||
| 2076 | 20.47 | 14.64 | -5.83 | — | 0.47 | 1.20 | 0.72 | ||
| 2077 | 20.57 | 14.65 | -5.92 | — | 0.48 | 1.20 | 0.71 | ||
| 2078 | 20.66 | 14.65 | -6.01 | — | 0.49 | 1.20 | 0.71 | ||
| 2079 | 20.74 | 14.66 | -6.08 | — | 0.51 | 1.20 | 0.70 | ||
| 2080 | 20.80 | 14.67 | -6.14 | — | 0.52 | 1.20 | 0.69 | ||
| 2081 | 20.87 | 14.67 | -6.19 | — | 0.53 | 1.21 | 0.68 | ||
| 2082 | 20.92 | 14.68 | -6.24 | — | 0.53 | 1.21 | 0.67 | ||
| 2083 | 20.96 | 14.68 | -6.28 | — | 0.54 | 1.21 | 0.67 | ||
| 2084 | 20.99 | 14.68 | -6.31 | — | 0.55 | 1.21 | 0.66 | ||
| 2085 | 21.00 | 14.69 | -6.32 | — | 0.55 | 1.21 | 0.66 | ||
| 2086 | 21.01 | 14.69 | -6.32 | — | 0.56 | 1.21 | 0.65 | ||
| 2087 | 21.00 | 14.69 | -6.31 | — | 0.56 | 1.21 | 0.65 | ||
| 2088 | 20.98 | 14.69 | -6.29 | — | 0.57 | 1.22 | 0.65 | ||
| 2089 | 20.96 | 14.69 | -6.27 | — | 0.57 | 1.22 | 0.65 | ||
| 2090 | 20.92 | 14.69 | -6.23 | — | 0.57 | 1.22 | 0.64 | ||
| 2091 | 20.88 | 14.69 | -6.20 | — | 0.57 | 1.22 | 0.64 | ||
| 2092 | 20.85 | 14.68 | -6.16 | — | 0.58 | 1.22 | 0.64 | ||
| 2093 | 20.81 | 14.68 | -6.12 | — | 0.58 | 1.22 | 0.64 | ||
| 2094 | 20.77 | 14.68 | -6.08 | — | 0.58 | 1.22 | 0.64 | ||
| 2095 | 20.73 | 14.68 | -6.05 | — | 0.58 | 1.22 | 0.64 | ||
| 2096 | 20.69 | 14.68 | -6.01 | — | 0.58 | 1.22 | 0.64 | ||
| 2097 | 20.66 | 14.68 | -5.98 | — | 0.58 | 1.22 | 0.64 | ||
| 2098 | 20.64 | 14.68 | -5.96 | — | 0.58 | 1.22 | 0.64 | ||
| 2099 | 20.62 | 14.68 | -5.94 | — | 0.58 | 1.23 | 0.64 | ||
| 2100 | 20.60 | 14.68 | -5.93 | — | 0.58 | 1.23 | 0.65 | ||
| 2101 | 20.60 | 14.68 | -5.92 | — | 0.58 | 1.23 | 0.65 | ||
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 | 18.34% | 14.74% | -3.60% | 2036 | 0.24% | 1.07% | 0.82% | ||
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.