Detailed Single Year Tables
Description of Proposed Provision:
E3.6: Increase the taxable maximum each year by an additional 2 percent beginning in 2028 until taxable earnings equal 90 percent of covered earnings. 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 | 13.15 | -2.43 | 113 | 0.00 | 0.04 | 0.04 | ||
| 2029 | 15.69 | 13.22 | -2.47 | 96 | -0.00 | 0.09 | 0.09 | ||
| 2030 | 15.80 | 13.29 | -2.51 | 79 | -0.00 | 0.13 | 0.13 | ||
| 2031 | 15.91 | 13.36 | -2.56 | 62 | 0.00 | 0.17 | 0.17 | ||
| 2032 | 16.00 | 13.42 | -2.59 | 46 | 0.00 | 0.21 | 0.21 | ||
| 2033 | 16.05 | 13.50 | -2.56 | 30 | -0.02 | 0.25 | 0.27 | ||
| 2034 | 16.14 | 13.56 | -2.59 | 14 | -0.00 | 0.29 | 0.29 | ||
| 2035 | 16.23 | 13.61 | -2.62 | — | -0.00 | 0.33 | 0.33 | ||
| 2036 | 16.32 | 13.65 | -2.67 | — | -0.00 | 0.37 | 0.37 | ||
| 2037 | 16.41 | 13.70 | -2.71 | — | -0.00 | 0.41 | 0.41 | ||
| 2038 | 16.48 | 13.74 | -2.74 | — | -0.00 | 0.44 | 0.44 | ||
| 2039 | 16.55 | 13.79 | -2.76 | — | -0.00 | 0.48 | 0.48 | ||
| 2040 | 16.60 | 13.82 | -2.78 | — | -0.00 | 0.51 | 0.51 | ||
| 2041 | 16.64 | 13.86 | -2.78 | — | -0.01 | 0.54 | 0.55 | ||
| 2042 | 16.67 | 13.90 | -2.77 | — | -0.01 | 0.58 | 0.58 | ||
| 2043 | 16.70 | 13.94 | -2.76 | — | -0.01 | 0.61 | 0.62 | ||
| 2044 | 16.73 | 13.97 | -2.76 | — | -0.01 | 0.64 | 0.65 | ||
| 2045 | 16.77 | 14.01 | -2.76 | — | -0.01 | 0.67 | 0.68 | ||
| 2046 | 16.79 | 14.04 | -2.76 | — | -0.01 | 0.70 | 0.71 | ||
| 2047 | 16.83 | 14.07 | -2.75 | — | -0.01 | 0.73 | 0.74 | ||
| 2048 | 16.87 | 14.10 | -2.76 | — | -0.01 | 0.76 | 0.77 | ||
| 2049 | 16.91 | 14.14 | -2.78 | — | -0.01 | 0.78 | 0.80 | ||
| 2050 | 16.96 | 14.17 | -2.79 | — | -0.01 | 0.81 | 0.83 | ||
| 2051 | 17.00 | 14.20 | -2.80 | — | -0.02 | 0.84 | 0.85 | ||
| 2052 | 17.06 | 14.23 | -2.83 | — | -0.02 | 0.86 | 0.88 | ||
| 2053 | 17.13 | 14.26 | -2.87 | — | -0.02 | 0.89 | 0.91 | ||
| 2054 | 17.20 | 14.29 | -2.90 | — | -0.02 | 0.91 | 0.93 | ||
| 2055 | 17.28 | 14.33 | -2.95 | — | -0.02 | 0.94 | 0.96 | ||
| 2056 | 17.36 | 14.36 | -3.01 | — | -0.02 | 0.96 | 0.99 | ||
| 2057 | 17.45 | 14.39 | -3.07 | — | -0.02 | 0.99 | 1.01 | ||
| 2058 | 17.55 | 14.42 | -3.13 | — | -0.02 | 1.01 | 1.04 | ||
| 2059 | 17.64 | 14.45 | -3.18 | — | -0.03 | 1.03 | 1.06 | ||
| 2060 | 17.72 | 14.48 | -3.24 | — | -0.03 | 1.06 | 1.08 | ||
| 2061 | 17.79 | 14.51 | -3.28 | — | -0.03 | 1.08 | 1.11 | ||
| 2062 | 17.86 | 14.54 | -3.33 | — | -0.03 | 1.10 | 1.13 | ||
| 2063 | 17.93 | 14.57 | -3.37 | — | -0.03 | 1.12 | 1.15 | ||
| 2064 | 18.00 | 14.58 | -3.42 | — | -0.03 | 1.13 | 1.16 | ||
| 2065 | 18.07 | 14.58 | -3.49 | — | -0.03 | 1.13 | 1.16 | ||
| 2066 | 18.14 | 14.59 | -3.55 | — | -0.03 | 1.13 | 1.16 | ||
| 2067 | 18.21 | 14.60 | -3.61 | — | -0.03 | 1.13 | 1.16 | ||
| 2068 | 18.28 | 14.60 | -3.67 | — | -0.03 | 1.13 | 1.16 | ||
| 2069 | 18.35 | 14.61 | -3.74 | — | -0.03 | 1.13 | 1.16 | ||
| 2070 | 18.42 | 14.62 | -3.81 | — | -0.03 | 1.13 | 1.17 | ||
| 2071 | 18.50 | 14.62 | -3.87 | — | -0.03 | 1.13 | 1.17 | ||
| 2072 | 18.57 | 14.63 | -3.94 | — | -0.03 | 1.13 | 1.17 | ||
| 2073 | 18.64 | 14.64 | -4.00 | — | -0.03 | 1.13 | 1.17 | ||
| 2074 | 18.71 | 14.64 | -4.06 | — | -0.03 | 1.14 | 1.17 | ||
| 2075 | 18.77 | 14.65 | -4.12 | — | -0.03 | 1.14 | 1.17 | ||
| 2076 | 18.82 | 14.65 | -4.16 | — | -0.03 | 1.14 | 1.17 | ||
| 2077 | 18.86 | 14.66 | -4.20 | — | -0.03 | 1.14 | 1.17 | ||
| 2078 | 18.89 | 14.66 | -4.23 | — | -0.03 | 1.14 | 1.17 | ||
| 2079 | 18.91 | 14.66 | -4.25 | — | -0.03 | 1.14 | 1.17 | ||
| 2080 | 18.92 | 14.67 | -4.26 | — | -0.03 | 1.14 | 1.17 | ||
| 2081 | 18.92 | 14.67 | -4.26 | — | -0.03 | 1.14 | 1.17 | ||
| 2082 | 18.92 | 14.67 | -4.25 | — | -0.03 | 1.14 | 1.17 | ||
| 2083 | 18.90 | 14.67 | -4.23 | — | -0.03 | 1.14 | 1.17 | ||
| 2084 | 18.87 | 14.67 | -4.21 | — | -0.03 | 1.14 | 1.17 | ||
| 2085 | 18.84 | 14.67 | -4.17 | — | -0.03 | 1.14 | 1.18 | ||
| 2086 | 18.79 | 14.67 | -4.12 | — | -0.03 | 1.14 | 1.18 | ||
| 2087 | 18.73 | 14.66 | -4.07 | — | -0.03 | 1.14 | 1.18 | ||
| 2088 | 18.67 | 14.66 | -4.01 | — | -0.03 | 1.14 | 1.18 | ||
| 2089 | 18.61 | 14.66 | -3.95 | — | -0.03 | 1.14 | 1.18 | ||
| 2090 | 18.54 | 14.65 | -3.89 | — | -0.03 | 1.15 | 1.18 | ||
| 2091 | 18.49 | 14.65 | -3.83 | — | -0.03 | 1.15 | 1.18 | ||
| 2092 | 18.43 | 14.65 | -3.78 | — | -0.03 | 1.15 | 1.18 | ||
| 2093 | 18.39 | 14.65 | -3.74 | — | -0.03 | 1.15 | 1.18 | ||
| 2094 | 18.35 | 14.64 | -3.71 | — | -0.03 | 1.15 | 1.18 | ||
| 2095 | 18.33 | 14.64 | -3.68 | — | -0.03 | 1.15 | 1.18 | ||
| 2096 | 18.31 | 14.64 | -3.67 | — | -0.03 | 1.15 | 1.18 | ||
| 2097 | 18.30 | 14.64 | -3.65 | — | -0.03 | 1.15 | 1.18 | ||
| 2098 | 18.30 | 14.64 | -3.65 | — | -0.03 | 1.15 | 1.18 | ||
| 2099 | 18.31 | 14.65 | -3.66 | — | -0.03 | 1.15 | 1.18 | ||
| 2100 | 18.32 | 14.65 | -3.67 | — | -0.03 | 1.15 | 1.18 | ||
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 | 17.59% | 14.59% | -3.00% | 2034 | -0.02% | 0.80% | 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 2025 Trustees Report.