Detailed Single Year Tables
Description of Proposed Provision:
H2: Starting in 2027, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2027-2046.
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 | 12.96 | -2.66 | 131 | 0.00 | 0.11 | 0.11 | ||
| 2028 | 15.70 | 13.13 | -2.57 | 112 | -0.00 | 0.12 | 0.12 | ||
| 2029 | 15.74 | 13.19 | -2.55 | 94 | -0.00 | 0.13 | 0.13 | ||
| 2030 | 15.74 | 13.21 | -2.53 | 76 | -0.00 | 0.14 | 0.14 | ||
| 2031 | 15.72 | 13.23 | -2.49 | 60 | -0.00 | 0.14 | 0.14 | ||
| 2032 | 15.72 | 13.24 | -2.48 | 44 | -0.00 | 0.15 | 0.15 | ||
| 2033 | 15.72 | 13.28 | -2.44 | 28 | -0.00 | 0.15 | 0.15 | ||
| 2034 | 15.74 | 13.29 | -2.45 | 13 | -0.00 | 0.15 | 0.15 | ||
| 2035 | 15.77 | 13.32 | -2.45 | — | -0.00 | 0.16 | 0.16 | ||
| 2036 | 15.85 | 13.33 | -2.52 | — | -0.00 | 0.16 | 0.16 | ||
| 2037 | 15.95 | 13.34 | -2.61 | — | -0.00 | 0.16 | 0.16 | ||
| 2038 | 16.04 | 13.35 | -2.70 | — | -0.00 | 0.16 | 0.16 | ||
| 2039 | 16.13 | 13.35 | -2.78 | — | -0.00 | 0.16 | 0.16 | ||
| 2040 | 16.20 | 13.36 | -2.85 | — | -0.00 | 0.16 | 0.16 | ||
| 2041 | 16.27 | 13.36 | -2.91 | — | -0.00 | 0.16 | 0.16 | ||
| 2042 | 16.34 | 13.37 | -2.98 | — | -0.00 | 0.16 | 0.16 | ||
| 2043 | 16.41 | 13.37 | -3.04 | — | -0.00 | 0.16 | 0.16 | ||
| 2044 | 16.49 | 13.37 | -3.12 | — | -0.00 | 0.16 | 0.16 | ||
| 2045 | 16.57 | 13.38 | -3.20 | — | -0.00 | 0.15 | 0.16 | ||
| 2046 | 16.64 | 13.38 | -3.25 | — | -0.00 | 0.15 | 0.15 | ||
| 2047 | 16.70 | 13.38 | -3.32 | — | -0.00 | 0.15 | 0.15 | ||
| 2048 | 16.77 | 13.39 | -3.38 | — | -0.00 | 0.15 | 0.15 | ||
| 2049 | 16.85 | 13.39 | -3.45 | — | -0.00 | 0.15 | 0.15 | ||
| 2050 | 16.93 | 13.40 | -3.53 | — | -0.00 | 0.15 | 0.15 | ||
| 2051 | 17.02 | 13.40 | -3.62 | — | -0.00 | 0.15 | 0.15 | ||
| 2052 | 17.12 | 13.41 | -3.72 | — | -0.00 | 0.15 | 0.15 | ||
| 2053 | 17.24 | 13.41 | -3.82 | — | -0.00 | 0.15 | 0.15 | ||
| 2054 | 17.35 | 13.42 | -3.93 | — | -0.00 | 0.15 | 0.15 | ||
| 2055 | 17.48 | 13.43 | -4.05 | — | -0.00 | 0.15 | 0.15 | ||
| 2056 | 17.61 | 13.44 | -4.17 | — | -0.00 | 0.15 | 0.15 | ||
| 2057 | 17.74 | 13.45 | -4.30 | — | -0.00 | 0.15 | 0.15 | ||
| 2058 | 17.88 | 13.46 | -4.42 | — | -0.00 | 0.15 | 0.15 | ||
| 2059 | 18.01 | 13.46 | -4.55 | — | -0.00 | 0.15 | 0.15 | ||
| 2060 | 18.15 | 13.47 | -4.67 | — | -0.00 | 0.15 | 0.15 | ||
| 2061 | 18.27 | 13.48 | -4.79 | — | -0.00 | 0.15 | 0.15 | ||
| 2062 | 18.39 | 13.49 | -4.91 | — | -0.00 | 0.15 | 0.15 | ||
| 2063 | 18.51 | 13.50 | -5.02 | — | -0.00 | 0.15 | 0.15 | ||
| 2064 | 18.63 | 13.50 | -5.12 | — | -0.00 | 0.15 | 0.15 | ||
| 2065 | 18.74 | 13.51 | -5.23 | — | -0.00 | 0.15 | 0.15 | ||
| 2066 | 18.86 | 13.52 | -5.34 | — | -0.00 | 0.15 | 0.15 | ||
| 2067 | 18.97 | 13.53 | -5.44 | — | -0.00 | 0.15 | 0.15 | ||
| 2068 | 19.09 | 13.53 | -5.55 | — | -0.00 | 0.15 | 0.15 | ||
| 2069 | 19.20 | 13.54 | -5.66 | — | -0.00 | 0.15 | 0.15 | ||
| 2070 | 19.32 | 13.55 | -5.77 | — | -0.00 | 0.15 | 0.15 | ||
| 2071 | 19.44 | 13.56 | -5.88 | — | -0.00 | 0.15 | 0.15 | ||
| 2072 | 19.56 | 13.57 | -5.99 | — | -0.00 | 0.15 | 0.15 | ||
| 2073 | 19.68 | 13.57 | -6.10 | — | -0.00 | 0.15 | 0.15 | ||
| 2074 | 19.79 | 13.58 | -6.21 | — | -0.00 | 0.15 | 0.15 | ||
| 2075 | 19.90 | 13.59 | -6.31 | — | -0.00 | 0.15 | 0.15 | ||
| 2076 | 20.00 | 13.60 | -6.40 | — | -0.00 | 0.15 | 0.15 | ||
| 2077 | 20.08 | 13.60 | -6.48 | — | -0.00 | 0.15 | 0.15 | ||
| 2078 | 20.16 | 13.61 | -6.56 | — | -0.00 | 0.15 | 0.16 | ||
| 2079 | 20.23 | 13.61 | -6.62 | — | -0.00 | 0.15 | 0.16 | ||
| 2080 | 20.29 | 13.62 | -6.67 | — | -0.00 | 0.16 | 0.16 | ||
| 2081 | 20.34 | 13.62 | -6.72 | — | -0.00 | 0.16 | 0.16 | ||
| 2082 | 20.38 | 13.62 | -6.76 | — | -0.00 | 0.16 | 0.16 | ||
| 2083 | 20.42 | 13.63 | -6.79 | — | -0.00 | 0.16 | 0.16 | ||
| 2084 | 20.44 | 13.63 | -6.81 | — | -0.00 | 0.16 | 0.16 | ||
| 2085 | 20.45 | 13.63 | -6.82 | — | -0.00 | 0.16 | 0.16 | ||
| 2086 | 20.45 | 13.63 | -6.82 | — | -0.00 | 0.15 | 0.16 | ||
| 2087 | 20.44 | 13.63 | -6.81 | — | -0.00 | 0.15 | 0.16 | ||
| 2088 | 20.41 | 13.63 | -6.79 | — | -0.00 | 0.15 | 0.15 | ||
| 2089 | 20.38 | 13.63 | -6.76 | — | -0.00 | 0.15 | 0.15 | ||
| 2090 | 20.35 | 13.62 | -6.72 | — | -0.00 | 0.15 | 0.15 | ||
| 2091 | 20.31 | 13.62 | -6.69 | — | -0.00 | 0.15 | 0.15 | ||
| 2092 | 20.27 | 13.62 | -6.65 | — | -0.00 | 0.15 | 0.15 | ||
| 2093 | 20.23 | 13.62 | -6.61 | — | -0.00 | 0.15 | 0.15 | ||
| 2094 | 20.19 | 13.61 | -6.57 | — | -0.00 | 0.15 | 0.15 | ||
| 2095 | 20.15 | 13.61 | -6.54 | — | -0.00 | 0.15 | 0.15 | ||
| 2096 | 20.11 | 13.61 | -6.51 | — | -0.00 | 0.15 | 0.15 | ||
| 2097 | 20.08 | 13.61 | -6.48 | — | -0.00 | 0.15 | 0.15 | ||
| 2098 | 20.06 | 13.60 | -6.45 | — | -0.00 | 0.15 | 0.15 | ||
| 2099 | 20.04 | 13.60 | -6.43 | — | -0.00 | 0.15 | 0.15 | ||
| 2100 | 20.02 | 13.60 | -6.42 | — | -0.00 | 0.15 | 0.15 | ||
| 2101 | 20.02 | 13.60 | -6.42 | — | -0.00 | 0.15 | 0.15 | ||
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 | 18.10% | 13.83% | -4.27% | 2034 | -0.00% | 0.15% | 0.15% | ||
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.