Detailed Single Year Tables
Description of Proposed Provision:
H2: Starting in 2025, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2025-2044.
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 |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 13.01 | -2.00 | 171 | 0.00 | 0.12 | 0.12 | ||
| 2026 | 15.20 | 13.23 | -1.97 | 153 | -0.00 | 0.16 | 0.16 | ||
| 2027 | 15.36 | 13.29 | -2.08 | 136 | -0.00 | 0.18 | 0.18 | ||
| 2028 | 15.42 | 13.33 | -2.09 | 120 | -0.00 | 0.19 | 0.19 | ||
| 2029 | 15.47 | 13.37 | -2.10 | 105 | -0.00 | 0.21 | 0.21 | ||
| 2030 | 15.53 | 13.40 | -2.13 | 90 | -0.00 | 0.22 | 0.22 | ||
| 2031 | 15.57 | 13.43 | -2.14 | 75 | -0.00 | 0.23 | 0.23 | ||
| 2032 | 15.60 | 13.46 | -2.15 | 61 | -0.00 | 0.24 | 0.24 | ||
| 2033 | 15.66 | 13.51 | -2.15 | 47 | -0.00 | 0.24 | 0.25 | ||
| 2034 | 15.77 | 13.53 | -2.25 | 33 | -0.00 | 0.25 | 0.25 | ||
| 2035 | 15.88 | 13.54 | -2.34 | 19 | -0.00 | 0.25 | 0.26 | ||
| 2036 | 15.99 | 13.55 | -2.43 | 5 | -0.00 | 0.26 | 0.26 | ||
| 2037 | 16.09 | 13.56 | -2.53 | — | -0.00 | 0.26 | 0.26 | ||
| 2038 | 16.18 | 13.57 | -2.60 | — | -0.00 | 0.26 | 0.26 | ||
| 2039 | 16.25 | 13.58 | -2.67 | — | -0.00 | 0.26 | 0.26 | ||
| 2040 | 16.32 | 13.58 | -2.73 | — | -0.00 | 0.26 | 0.26 | ||
| 2041 | 16.38 | 13.59 | -2.79 | — | -0.00 | 0.26 | 0.26 | ||
| 2042 | 16.43 | 13.59 | -2.84 | — | -0.00 | 0.26 | 0.26 | ||
| 2043 | 16.48 | 13.59 | -2.89 | — | -0.00 | 0.25 | 0.26 | ||
| 2044 | 16.52 | 13.59 | -2.92 | — | -0.00 | 0.25 | 0.25 | ||
| 2045 | 16.55 | 13.59 | -2.96 | — | -0.00 | 0.25 | 0.25 | ||
| 2046 | 16.59 | 13.59 | -2.99 | — | -0.00 | 0.24 | 0.24 | ||
| 2047 | 16.62 | 13.59 | -3.03 | — | -0.00 | 0.24 | 0.24 | ||
| 2048 | 16.66 | 13.59 | -3.07 | — | -0.00 | 0.24 | 0.24 | ||
| 2049 | 16.71 | 13.59 | -3.11 | — | -0.00 | 0.23 | 0.23 | ||
| 2050 | 16.76 | 13.59 | -3.16 | — | -0.00 | 0.23 | 0.23 | ||
| 2051 | 16.81 | 13.60 | -3.21 | — | -0.00 | 0.23 | 0.23 | ||
| 2052 | 16.87 | 13.60 | -3.27 | — | -0.00 | 0.23 | 0.23 | ||
| 2053 | 16.93 | 13.60 | -3.33 | — | -0.00 | 0.22 | 0.23 | ||
| 2054 | 17.00 | 13.61 | -3.39 | — | -0.00 | 0.22 | 0.22 | ||
| 2055 | 17.08 | 13.61 | -3.47 | — | -0.00 | 0.22 | 0.22 | ||
| 2056 | 17.16 | 13.62 | -3.54 | — | -0.00 | 0.22 | 0.22 | ||
| 2057 | 17.24 | 13.62 | -3.62 | — | -0.00 | 0.22 | 0.22 | ||
| 2058 | 17.33 | 13.63 | -3.70 | — | -0.00 | 0.22 | 0.22 | ||
| 2059 | 17.42 | 13.63 | -3.78 | — | -0.00 | 0.22 | 0.22 | ||
| 2060 | 17.50 | 13.64 | -3.86 | — | -0.00 | 0.21 | 0.22 | ||
| 2061 | 17.58 | 13.64 | -3.94 | — | -0.00 | 0.21 | 0.21 | ||
| 2062 | 17.65 | 13.65 | -4.00 | — | -0.00 | 0.21 | 0.21 | ||
| 2063 | 17.72 | 13.65 | -4.07 | — | -0.00 | 0.21 | 0.21 | ||
| 2064 | 17.79 | 13.66 | -4.13 | — | -0.00 | 0.21 | 0.21 | ||
| 2065 | 17.85 | 13.66 | -4.19 | — | -0.00 | 0.21 | 0.21 | ||
| 2066 | 17.92 | 13.67 | -4.25 | — | -0.00 | 0.21 | 0.21 | ||
| 2067 | 17.98 | 13.67 | -4.31 | — | -0.00 | 0.21 | 0.21 | ||
| 2068 | 18.05 | 13.67 | -4.37 | — | -0.00 | 0.21 | 0.21 | ||
| 2069 | 18.11 | 13.68 | -4.43 | — | -0.00 | 0.21 | 0.21 | ||
| 2070 | 18.18 | 13.68 | -4.50 | — | -0.00 | 0.20 | 0.21 | ||
| 2071 | 18.25 | 13.69 | -4.56 | — | -0.00 | 0.20 | 0.21 | ||
| 2072 | 18.31 | 13.69 | -4.62 | — | -0.00 | 0.20 | 0.20 | ||
| 2073 | 18.37 | 13.70 | -4.68 | — | -0.00 | 0.20 | 0.20 | ||
| 2074 | 18.43 | 13.70 | -4.73 | — | -0.00 | 0.20 | 0.20 | ||
| 2075 | 18.48 | 13.71 | -4.78 | — | -0.00 | 0.20 | 0.20 | ||
| 2076 | 18.53 | 13.71 | -4.82 | — | -0.00 | 0.20 | 0.20 | ||
| 2077 | 18.56 | 13.71 | -4.85 | — | -0.00 | 0.20 | 0.20 | ||
| 2078 | 18.58 | 13.71 | -4.87 | — | -0.00 | 0.20 | 0.20 | ||
| 2079 | 18.59 | 13.71 | -4.88 | — | -0.00 | 0.20 | 0.20 | ||
| 2080 | 18.60 | 13.71 | -4.88 | — | -0.00 | 0.20 | 0.20 | ||
| 2081 | 18.59 | 13.71 | -4.87 | — | -0.00 | 0.20 | 0.20 | ||
| 2082 | 18.57 | 13.71 | -4.86 | — | -0.00 | 0.20 | 0.20 | ||
| 2083 | 18.55 | 13.71 | -4.84 | — | -0.00 | 0.20 | 0.20 | ||
| 2084 | 18.51 | 13.71 | -4.80 | — | -0.00 | 0.20 | 0.20 | ||
| 2085 | 18.47 | 13.70 | -4.77 | — | -0.00 | 0.19 | 0.20 | ||
| 2086 | 18.42 | 13.70 | -4.72 | — | -0.00 | 0.19 | 0.19 | ||
| 2087 | 18.36 | 13.70 | -4.67 | — | -0.00 | 0.19 | 0.19 | ||
| 2088 | 18.30 | 13.69 | -4.61 | — | -0.00 | 0.19 | 0.19 | ||
| 2089 | 18.24 | 13.68 | -4.56 | — | -0.00 | 0.19 | 0.19 | ||
| 2090 | 18.19 | 13.68 | -4.51 | — | -0.00 | 0.19 | 0.19 | ||
| 2091 | 18.14 | 13.68 | -4.47 | — | -0.00 | 0.19 | 0.19 | ||
| 2092 | 18.10 | 13.67 | -4.43 | — | -0.00 | 0.19 | 0.19 | ||
| 2093 | 18.08 | 13.67 | -4.41 | — | -0.00 | 0.19 | 0.19 | ||
| 2094 | 18.07 | 13.67 | -4.40 | — | -0.00 | 0.19 | 0.19 | ||
| 2095 | 18.07 | 13.67 | -4.40 | — | -0.00 | 0.19 | 0.19 | ||
| 2096 | 18.08 | 13.67 | -4.41 | — | -0.00 | 0.19 | 0.19 | ||
| 2097 | 18.09 | 13.67 | -4.42 | — | -0.00 | 0.19 | 0.19 | ||
| 2098 | 18.12 | 13.67 | -4.45 | — | -0.00 | 0.19 | 0.19 | ||
| 2099 | 18.16 | 13.68 | -4.48 | — | -0.00 | 0.19 | 0.19 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 17.30% | 14.01% | -3.28% | 2036 | -0.00% | 0.21% | 0.22% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.