Detailed Single Year Tables
Description of Proposed Provision:
E1.8: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage points each year from 2029-2034, until the rate reaches 13.0 percent for 2034 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 | 13.15 | -2.59 | 92 | 0.00 | 0.09 | 0.09 | ||
| 2030 | 15.74 | 13.26 | -2.48 | 75 | -0.00 | 0.19 | 0.19 | ||
| 2031 | 15.72 | 13.37 | -2.35 | 59 | -0.00 | 0.28 | 0.28 | ||
| 2032 | 15.72 | 13.47 | -2.25 | 43 | -0.00 | 0.38 | 0.38 | ||
| 2033 | 15.72 | 13.61 | -2.11 | 29 | -0.00 | 0.48 | 0.48 | ||
| 2034 | 15.74 | 13.71 | -2.03 | 16 | -0.00 | 0.57 | 0.57 | ||
| 2035 | 15.77 | 13.74 | -2.03 | 3 | -0.00 | 0.57 | 0.57 | ||
| 2036 | 15.85 | 13.75 | -2.11 | — | -0.00 | 0.57 | 0.58 | ||
| 2037 | 15.95 | 13.75 | -2.20 | — | -0.00 | 0.57 | 0.58 | ||
| 2038 | 16.04 | 13.76 | -2.28 | — | -0.00 | 0.57 | 0.58 | ||
| 2039 | 16.12 | 13.77 | -2.36 | — | -0.01 | 0.57 | 0.58 | ||
| 2040 | 16.20 | 13.77 | -2.42 | — | -0.01 | 0.57 | 0.58 | ||
| 2041 | 16.27 | 13.78 | -2.49 | — | -0.01 | 0.57 | 0.58 | ||
| 2042 | 16.33 | 13.78 | -2.55 | — | -0.01 | 0.57 | 0.58 | ||
| 2043 | 16.40 | 13.79 | -2.62 | — | -0.01 | 0.57 | 0.58 | ||
| 2044 | 16.48 | 13.79 | -2.69 | — | -0.01 | 0.57 | 0.59 | ||
| 2045 | 16.56 | 13.80 | -2.76 | — | -0.01 | 0.57 | 0.59 | ||
| 2046 | 16.62 | 13.80 | -2.82 | — | -0.02 | 0.57 | 0.59 | ||
| 2047 | 16.68 | 13.80 | -2.88 | — | -0.02 | 0.57 | 0.59 | ||
| 2048 | 16.75 | 13.81 | -2.94 | — | -0.02 | 0.57 | 0.59 | ||
| 2049 | 16.83 | 13.81 | -3.01 | — | -0.02 | 0.57 | 0.59 | ||
| 2050 | 16.91 | 13.82 | -3.09 | — | -0.02 | 0.57 | 0.59 | ||
| 2051 | 17.00 | 13.83 | -3.17 | — | -0.02 | 0.57 | 0.60 | ||
| 2052 | 17.10 | 13.83 | -3.27 | — | -0.02 | 0.57 | 0.60 | ||
| 2053 | 17.21 | 13.84 | -3.37 | — | -0.03 | 0.57 | 0.60 | ||
| 2054 | 17.33 | 13.85 | -3.48 | — | -0.03 | 0.57 | 0.60 | ||
| 2055 | 17.45 | 13.85 | -3.60 | — | -0.03 | 0.57 | 0.60 | ||
| 2056 | 17.58 | 13.86 | -3.72 | — | -0.03 | 0.57 | 0.60 | ||
| 2057 | 17.71 | 13.87 | -3.84 | — | -0.03 | 0.57 | 0.60 | ||
| 2058 | 17.85 | 13.88 | -3.97 | — | -0.03 | 0.57 | 0.60 | ||
| 2059 | 17.98 | 13.89 | -4.09 | — | -0.03 | 0.57 | 0.60 | ||
| 2060 | 18.11 | 13.90 | -4.22 | — | -0.03 | 0.57 | 0.61 | ||
| 2061 | 18.24 | 13.90 | -4.33 | — | -0.03 | 0.57 | 0.61 | ||
| 2062 | 18.36 | 13.91 | -4.45 | — | -0.03 | 0.57 | 0.61 | ||
| 2063 | 18.48 | 13.92 | -4.56 | — | -0.04 | 0.57 | 0.61 | ||
| 2064 | 18.59 | 13.93 | -4.67 | — | -0.04 | 0.57 | 0.61 | ||
| 2065 | 18.71 | 13.93 | -4.77 | — | -0.04 | 0.57 | 0.61 | ||
| 2066 | 18.82 | 13.94 | -4.88 | — | -0.04 | 0.57 | 0.61 | ||
| 2067 | 18.93 | 13.95 | -4.98 | — | -0.04 | 0.57 | 0.61 | ||
| 2068 | 19.05 | 13.96 | -5.09 | — | -0.04 | 0.57 | 0.61 | ||
| 2069 | 19.17 | 13.96 | -5.20 | — | -0.04 | 0.57 | 0.61 | ||
| 2070 | 19.29 | 13.97 | -5.31 | — | -0.04 | 0.57 | 0.61 | ||
| 2071 | 19.40 | 13.98 | -5.43 | — | -0.04 | 0.57 | 0.61 | ||
| 2072 | 19.52 | 13.99 | -5.53 | — | -0.04 | 0.57 | 0.61 | ||
| 2073 | 19.64 | 13.99 | -5.65 | — | -0.04 | 0.57 | 0.61 | ||
| 2074 | 19.75 | 14.00 | -5.75 | — | -0.04 | 0.57 | 0.61 | ||
| 2075 | 19.86 | 14.01 | -5.85 | — | -0.04 | 0.57 | 0.61 | ||
| 2076 | 19.96 | 14.01 | -5.94 | — | -0.04 | 0.57 | 0.61 | ||
| 2077 | 20.04 | 14.02 | -6.02 | — | -0.04 | 0.57 | 0.61 | ||
| 2078 | 20.12 | 14.03 | -6.10 | — | -0.04 | 0.57 | 0.61 | ||
| 2079 | 20.19 | 14.03 | -6.16 | — | -0.04 | 0.57 | 0.61 | ||
| 2080 | 20.25 | 14.03 | -6.21 | — | -0.04 | 0.57 | 0.61 | ||
| 2081 | 20.30 | 14.04 | -6.26 | — | -0.04 | 0.57 | 0.61 | ||
| 2082 | 20.34 | 14.04 | -6.30 | — | -0.04 | 0.57 | 0.61 | ||
| 2083 | 20.38 | 14.04 | -6.33 | — | -0.04 | 0.57 | 0.61 | ||
| 2084 | 20.40 | 14.05 | -6.35 | — | -0.04 | 0.57 | 0.61 | ||
| 2085 | 20.41 | 14.05 | -6.36 | — | -0.04 | 0.57 | 0.61 | ||
| 2086 | 20.41 | 14.05 | -6.36 | — | -0.04 | 0.57 | 0.61 | ||
| 2087 | 20.40 | 14.05 | -6.35 | — | -0.04 | 0.57 | 0.61 | ||
| 2088 | 20.37 | 14.05 | -6.33 | — | -0.04 | 0.57 | 0.61 | ||
| 2089 | 20.34 | 14.04 | -6.30 | — | -0.04 | 0.57 | 0.61 | ||
| 2090 | 20.31 | 14.04 | -6.27 | — | -0.04 | 0.57 | 0.61 | ||
| 2091 | 20.27 | 14.04 | -6.23 | — | -0.04 | 0.57 | 0.61 | ||
| 2092 | 20.23 | 14.04 | -6.19 | — | -0.04 | 0.57 | 0.61 | ||
| 2093 | 20.19 | 14.04 | -6.15 | — | -0.04 | 0.57 | 0.61 | ||
| 2094 | 20.15 | 14.03 | -6.11 | — | -0.04 | 0.57 | 0.61 | ||
| 2095 | 20.11 | 14.03 | -6.08 | — | -0.04 | 0.57 | 0.61 | ||
| 2096 | 20.07 | 14.03 | -6.04 | — | -0.04 | 0.57 | 0.61 | ||
| 2097 | 20.04 | 14.03 | -6.01 | — | -0.04 | 0.57 | 0.61 | ||
| 2098 | 20.02 | 14.03 | -5.99 | — | -0.04 | 0.57 | 0.61 | ||
| 2099 | 20.00 | 14.03 | -5.97 | — | -0.04 | 0.57 | 0.61 | ||
| 2100 | 19.98 | 14.02 | -5.96 | — | -0.04 | 0.57 | 0.61 | ||
| 2101 | 19.98 | 14.02 | -5.95 | — | -0.04 | 0.57 | 0.61 | ||
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 | 18.08% | 14.20% | -3.88% | 2035 | -0.02% | 0.52% | 0.55% | ||
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.