Detailed Single Year Tables
Description of Proposed Provision:
E1.4: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage points each year from 2032-2051, until the rate reaches 14.4 percent in 2051 and later.
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 | 12.85 | -2.77 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.70 | 13.01 | -2.69 | 111 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.74 | 13.06 | -2.68 | 92 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.74 | 13.07 | -2.67 | 74 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.72 | 13.09 | -2.64 | 57 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 15.72 | 13.19 | -2.53 | 40 | 0.00 | 0.09 | 0.09 | ||
| 2033 | 15.72 | 13.32 | -2.40 | 24 | -0.00 | 0.19 | 0.19 | ||
| 2034 | 15.74 | 13.42 | -2.32 | 9 | -0.00 | 0.28 | 0.28 | ||
| 2035 | 15.77 | 13.54 | -2.23 | — | -0.00 | 0.38 | 0.38 | ||
| 2036 | 15.85 | 13.65 | -2.21 | — | -0.00 | 0.48 | 0.48 | ||
| 2037 | 15.95 | 13.75 | -2.20 | — | -0.00 | 0.57 | 0.57 | ||
| 2038 | 16.04 | 13.85 | -2.19 | — | -0.00 | 0.67 | 0.67 | ||
| 2039 | 16.13 | 13.95 | -2.17 | — | -0.00 | 0.76 | 0.76 | ||
| 2040 | 16.20 | 14.06 | -2.14 | — | -0.00 | 0.86 | 0.86 | ||
| 2041 | 16.27 | 14.16 | -2.11 | — | -0.01 | 0.95 | 0.96 | ||
| 2042 | 16.34 | 14.26 | -2.08 | — | -0.01 | 1.05 | 1.05 | ||
| 2043 | 16.41 | 14.36 | -2.05 | — | -0.01 | 1.14 | 1.15 | ||
| 2044 | 16.48 | 14.46 | -2.03 | — | -0.01 | 1.24 | 1.25 | ||
| 2045 | 16.56 | 14.56 | -2.01 | — | -0.01 | 1.33 | 1.34 | ||
| 2046 | 16.62 | 14.65 | -1.97 | — | -0.02 | 1.43 | 1.44 | ||
| 2047 | 16.68 | 14.75 | -1.93 | — | -0.02 | 1.52 | 1.54 | ||
| 2048 | 16.75 | 14.85 | -1.90 | — | -0.02 | 1.62 | 1.64 | ||
| 2049 | 16.82 | 14.95 | -1.87 | — | -0.02 | 1.71 | 1.74 | ||
| 2050 | 16.90 | 15.05 | -1.85 | — | -0.03 | 1.81 | 1.83 | ||
| 2051 | 16.99 | 15.15 | -1.83 | — | -0.03 | 1.90 | 1.93 | ||
| 2052 | 17.09 | 15.16 | -1.93 | — | -0.04 | 1.90 | 1.94 | ||
| 2053 | 17.20 | 15.17 | -2.03 | — | -0.04 | 1.90 | 1.94 | ||
| 2054 | 17.31 | 15.18 | -2.13 | — | -0.05 | 1.90 | 1.95 | ||
| 2055 | 17.43 | 15.18 | -2.24 | — | -0.05 | 1.90 | 1.95 | ||
| 2056 | 17.55 | 15.19 | -2.36 | — | -0.05 | 1.90 | 1.96 | ||
| 2057 | 17.68 | 15.20 | -2.48 | — | -0.06 | 1.90 | 1.96 | ||
| 2058 | 17.81 | 15.21 | -2.61 | — | -0.06 | 1.90 | 1.97 | ||
| 2059 | 17.94 | 15.22 | -2.73 | — | -0.07 | 1.90 | 1.97 | ||
| 2060 | 18.07 | 15.23 | -2.85 | — | -0.07 | 1.90 | 1.98 | ||
| 2061 | 18.19 | 15.23 | -2.96 | — | -0.08 | 1.90 | 1.98 | ||
| 2062 | 18.31 | 15.24 | -3.07 | — | -0.08 | 1.90 | 1.98 | ||
| 2063 | 18.43 | 15.25 | -3.18 | — | -0.09 | 1.90 | 1.99 | ||
| 2064 | 18.54 | 15.26 | -3.28 | — | -0.09 | 1.90 | 1.99 | ||
| 2065 | 18.65 | 15.26 | -3.39 | — | -0.09 | 1.90 | 2.00 | ||
| 2066 | 18.76 | 15.27 | -3.49 | — | -0.10 | 1.90 | 2.00 | ||
| 2067 | 18.87 | 15.28 | -3.59 | — | -0.10 | 1.90 | 2.00 | ||
| 2068 | 18.98 | 15.28 | -3.70 | — | -0.11 | 1.90 | 2.01 | ||
| 2069 | 19.10 | 15.29 | -3.80 | — | -0.11 | 1.90 | 2.01 | ||
| 2070 | 19.21 | 15.30 | -3.91 | — | -0.11 | 1.90 | 2.01 | ||
| 2071 | 19.33 | 15.31 | -4.02 | — | -0.11 | 1.90 | 2.01 | ||
| 2072 | 19.44 | 15.31 | -4.13 | — | -0.12 | 1.90 | 2.02 | ||
| 2073 | 19.56 | 15.32 | -4.24 | — | -0.12 | 1.90 | 2.02 | ||
| 2074 | 19.67 | 15.33 | -4.34 | — | -0.12 | 1.90 | 2.02 | ||
| 2075 | 19.78 | 15.34 | -4.44 | — | -0.12 | 1.90 | 2.02 | ||
| 2076 | 19.87 | 15.34 | -4.53 | — | -0.13 | 1.90 | 2.03 | ||
| 2077 | 19.96 | 15.35 | -4.61 | — | -0.13 | 1.90 | 2.03 | ||
| 2078 | 20.04 | 15.35 | -4.68 | — | -0.13 | 1.90 | 2.03 | ||
| 2079 | 20.10 | 15.36 | -4.74 | — | -0.13 | 1.90 | 2.03 | ||
| 2080 | 20.16 | 15.36 | -4.80 | — | -0.13 | 1.90 | 2.03 | ||
| 2081 | 20.21 | 15.37 | -4.84 | — | -0.13 | 1.90 | 2.03 | ||
| 2082 | 20.25 | 15.37 | -4.88 | — | -0.13 | 1.90 | 2.03 | ||
| 2083 | 20.28 | 15.37 | -4.91 | — | -0.13 | 1.90 | 2.03 | ||
| 2084 | 20.31 | 15.37 | -4.93 | — | -0.13 | 1.90 | 2.03 | ||
| 2085 | 20.32 | 15.37 | -4.94 | — | -0.13 | 1.90 | 2.04 | ||
| 2086 | 20.31 | 15.37 | -4.94 | — | -0.13 | 1.90 | 2.04 | ||
| 2087 | 20.30 | 15.37 | -4.93 | — | -0.13 | 1.90 | 2.04 | ||
| 2088 | 20.28 | 15.37 | -4.91 | — | -0.13 | 1.90 | 2.04 | ||
| 2089 | 20.25 | 15.37 | -4.88 | — | -0.13 | 1.90 | 2.04 | ||
| 2090 | 20.21 | 15.37 | -4.84 | — | -0.13 | 1.90 | 2.04 | ||
| 2091 | 20.17 | 15.37 | -4.81 | — | -0.13 | 1.90 | 2.04 | ||
| 2092 | 20.14 | 15.37 | -4.77 | — | -0.13 | 1.90 | 2.03 | ||
| 2093 | 20.09 | 15.36 | -4.73 | — | -0.13 | 1.90 | 2.03 | ||
| 2094 | 20.05 | 15.36 | -4.69 | — | -0.13 | 1.90 | 2.03 | ||
| 2095 | 20.02 | 15.36 | -4.66 | — | -0.13 | 1.90 | 2.03 | ||
| 2096 | 19.98 | 15.36 | -4.62 | — | -0.13 | 1.90 | 2.03 | ||
| 2097 | 19.95 | 15.36 | -4.59 | — | -0.13 | 1.90 | 2.03 | ||
| 2098 | 19.92 | 15.36 | -4.57 | — | -0.13 | 1.90 | 2.03 | ||
| 2099 | 19.90 | 15.35 | -4.55 | — | -0.13 | 1.90 | 2.03 | ||
| 2100 | 19.89 | 15.35 | -4.54 | — | -0.13 | 1.90 | 2.03 | ||
| 2101 | 19.89 | 15.35 | -4.53 | — | -0.13 | 1.90 | 2.03 | ||
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 | 18.04% | 15.09% | -2.95% | 2034 | -0.06% | 1.41% | 1.47% | ||
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.