Detailed Single Year Tables
Description of Proposed Provision:
E3.11: Beginning in 2033, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $570,600 in 2033), with the threshold wage-indexed after 2033. 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 |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.29 | 13.03 | -2.25 | 149 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.48 | 13.08 | -2.39 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.59 | 13.11 | -2.48 | 113 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.69 | 13.14 | -2.55 | 95 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.80 | 13.16 | -2.64 | 78 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.91 | 13.18 | -2.73 | 60 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 16.00 | 13.20 | -2.80 | 43 | 0.00 | 0.00 | 0.00 | ||
| 2033 | 16.07 | 13.45 | -2.62 | 26 | 0.00 | 0.20 | 0.20 | ||
| 2034 | 16.14 | 13.48 | -2.67 | 10 | -0.00 | 0.21 | 0.21 | ||
| 2035 | 16.23 | 13.49 | -2.74 | — | -0.00 | 0.21 | 0.21 | ||
| 2036 | 16.32 | 13.50 | -2.82 | — | -0.00 | 0.21 | 0.21 | ||
| 2037 | 16.41 | 13.51 | -2.91 | — | -0.00 | 0.21 | 0.21 | ||
| 2038 | 16.49 | 13.52 | -2.97 | — | -0.00 | 0.21 | 0.21 | ||
| 2039 | 16.55 | 13.52 | -3.03 | — | -0.00 | 0.21 | 0.21 | ||
| 2040 | 16.60 | 13.53 | -3.07 | — | -0.00 | 0.21 | 0.21 | ||
| 2041 | 16.64 | 13.53 | -3.11 | — | -0.00 | 0.21 | 0.21 | ||
| 2042 | 16.67 | 13.54 | -3.14 | — | -0.00 | 0.21 | 0.22 | ||
| 2043 | 16.71 | 13.54 | -3.16 | — | -0.00 | 0.21 | 0.22 | ||
| 2044 | 16.74 | 13.54 | -3.19 | — | -0.00 | 0.21 | 0.22 | ||
| 2045 | 16.77 | 13.55 | -3.22 | — | -0.00 | 0.21 | 0.22 | ||
| 2046 | 16.80 | 13.55 | -3.25 | — | -0.00 | 0.21 | 0.22 | ||
| 2047 | 16.83 | 13.56 | -3.28 | — | -0.01 | 0.21 | 0.22 | ||
| 2048 | 16.87 | 13.56 | -3.31 | — | -0.01 | 0.21 | 0.22 | ||
| 2049 | 16.92 | 13.56 | -3.35 | — | -0.01 | 0.21 | 0.22 | ||
| 2050 | 16.96 | 13.57 | -3.40 | — | -0.01 | 0.21 | 0.22 | ||
| 2051 | 17.01 | 13.57 | -3.44 | — | -0.01 | 0.21 | 0.22 | ||
| 2052 | 17.07 | 13.58 | -3.49 | — | -0.01 | 0.21 | 0.22 | ||
| 2053 | 17.14 | 13.59 | -3.55 | — | -0.01 | 0.21 | 0.22 | ||
| 2054 | 17.21 | 13.59 | -3.62 | — | -0.01 | 0.21 | 0.22 | ||
| 2055 | 17.29 | 13.60 | -3.69 | — | -0.01 | 0.21 | 0.22 | ||
| 2056 | 17.38 | 13.61 | -3.77 | — | -0.01 | 0.21 | 0.22 | ||
| 2057 | 17.47 | 13.61 | -3.85 | — | -0.01 | 0.21 | 0.22 | ||
| 2058 | 17.56 | 13.62 | -3.94 | — | -0.01 | 0.21 | 0.22 | ||
| 2059 | 17.65 | 13.63 | -4.02 | — | -0.01 | 0.21 | 0.22 | ||
| 2060 | 17.73 | 13.64 | -4.10 | — | -0.01 | 0.21 | 0.22 | ||
| 2061 | 17.81 | 13.64 | -4.17 | — | -0.01 | 0.21 | 0.22 | ||
| 2062 | 17.88 | 13.65 | -4.23 | — | -0.01 | 0.21 | 0.22 | ||
| 2063 | 17.95 | 13.65 | -4.30 | — | -0.01 | 0.21 | 0.22 | ||
| 2064 | 18.02 | 13.66 | -4.36 | — | -0.01 | 0.21 | 0.22 | ||
| 2065 | 18.09 | 13.67 | -4.42 | — | -0.01 | 0.21 | 0.22 | ||
| 2066 | 18.16 | 13.67 | -4.49 | — | -0.01 | 0.21 | 0.22 | ||
| 2067 | 18.23 | 13.68 | -4.55 | — | -0.01 | 0.21 | 0.22 | ||
| 2068 | 18.30 | 13.68 | -4.61 | — | -0.01 | 0.21 | 0.22 | ||
| 2069 | 18.37 | 13.69 | -4.68 | — | -0.01 | 0.21 | 0.22 | ||
| 2070 | 18.45 | 13.70 | -4.75 | — | -0.01 | 0.21 | 0.22 | ||
| 2071 | 18.52 | 13.70 | -4.82 | — | -0.01 | 0.21 | 0.22 | ||
| 2072 | 18.59 | 13.71 | -4.88 | — | -0.01 | 0.21 | 0.22 | ||
| 2073 | 18.66 | 13.71 | -4.95 | — | -0.01 | 0.21 | 0.22 | ||
| 2074 | 18.73 | 13.72 | -5.01 | — | -0.01 | 0.21 | 0.22 | ||
| 2075 | 18.79 | 13.73 | -5.07 | — | -0.01 | 0.21 | 0.22 | ||
| 2076 | 18.84 | 13.73 | -5.11 | — | -0.01 | 0.21 | 0.22 | ||
| 2077 | 18.89 | 13.73 | -5.15 | — | -0.01 | 0.21 | 0.22 | ||
| 2078 | 18.92 | 13.74 | -5.18 | — | -0.01 | 0.21 | 0.22 | ||
| 2079 | 18.94 | 13.74 | -5.20 | — | -0.01 | 0.21 | 0.22 | ||
| 2080 | 18.95 | 13.74 | -5.21 | — | -0.01 | 0.21 | 0.22 | ||
| 2081 | 18.95 | 13.74 | -5.21 | — | -0.01 | 0.21 | 0.22 | ||
| 2082 | 18.94 | 13.74 | -5.20 | — | -0.01 | 0.21 | 0.22 | ||
| 2083 | 18.93 | 13.74 | -5.18 | — | -0.01 | 0.21 | 0.22 | ||
| 2084 | 18.90 | 13.74 | -5.16 | — | -0.01 | 0.21 | 0.22 | ||
| 2085 | 18.86 | 13.74 | -5.12 | — | -0.01 | 0.21 | 0.22 | ||
| 2086 | 18.81 | 13.74 | -5.08 | — | -0.01 | 0.21 | 0.22 | ||
| 2087 | 18.76 | 13.73 | -5.02 | — | -0.01 | 0.21 | 0.22 | ||
| 2088 | 18.70 | 13.73 | -4.97 | — | -0.01 | 0.21 | 0.22 | ||
| 2089 | 18.63 | 13.73 | -4.91 | — | -0.01 | 0.21 | 0.22 | ||
| 2090 | 18.57 | 13.72 | -4.85 | — | -0.01 | 0.21 | 0.22 | ||
| 2091 | 18.51 | 13.72 | -4.79 | — | -0.01 | 0.21 | 0.22 | ||
| 2092 | 18.46 | 13.71 | -4.74 | — | -0.01 | 0.21 | 0.22 | ||
| 2093 | 18.41 | 13.71 | -4.70 | — | -0.01 | 0.21 | 0.22 | ||
| 2094 | 18.38 | 13.71 | -4.67 | — | -0.01 | 0.21 | 0.22 | ||
| 2095 | 18.35 | 13.71 | -4.64 | — | -0.01 | 0.21 | 0.22 | ||
| 2096 | 18.34 | 13.71 | -4.63 | — | -0.01 | 0.21 | 0.22 | ||
| 2097 | 18.32 | 13.71 | -4.62 | — | -0.01 | 0.21 | 0.22 | ||
| 2098 | 18.32 | 13.71 | -4.62 | — | -0.01 | 0.21 | 0.22 | ||
| 2099 | 18.33 | 13.71 | -4.62 | — | -0.01 | 0.21 | 0.22 | ||
| 2100 | 18.35 | 13.71 | -4.64 | — | -0.01 | 0.21 | 0.22 | ||
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 | 17.61% | 13.97% | -3.63% | 2034 | -0.01% | 0.19% | 0.19% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.