Long Range Solvency Provisions

Description of Proposed Provision:
E2.2: Eliminate the taxable maximum in years 2027 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.

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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2026	15.37	12.91	-2.45	151	0.00	0.00	0.00
2027	15.62	15.32	-0.30	131	0.00	2.47	2.47
2028	15.70	15.56	-0.14	126	0.00	2.55	2.55
2029	15.74	15.61	-0.13	123	0.00	2.55	2.55
2030	15.74	15.63	-0.12	120	0.01	2.56	2.55
2031	15.73	15.64	-0.09	117	0.01	2.55	2.54
2032	15.74	15.64	-0.10	115	0.02	2.54	2.53
2033	15.74	15.67	-0.08	113	0.03	2.54	2.51
2034	15.77	15.66	-0.11	113	0.03	2.52	2.49
2035	15.81	15.68	-0.14	112	0.04	2.51	2.47
2036	15.91	15.69	-0.22	111	0.05	2.51	2.46
2037	16.02	15.70	-0.32	109	0.06	2.52	2.45
2038	16.12	15.71	-0.42	107	0.08	2.52	2.44
2039	16.22	15.71	-0.50	105	0.09	2.52	2.43
2040	16.31	15.72	-0.59	102	0.10	2.52	2.42
2041	16.39	15.73	-0.66	98	0.12	2.53	2.41
2042	16.48	15.74	-0.74	95	0.14	2.53	2.39
2043	16.57	15.74	-0.83	91	0.16	2.53	2.37
2044	16.67	15.75	-0.92	86	0.18	2.53	2.36
2045	16.77	15.76	-1.01	81	0.20	2.54	2.34
2046	16.86	15.77	-1.09	75	0.22	2.54	2.32
2047	16.95	15.78	-1.17	69	0.25	2.54	2.30
2048	17.04	15.78	-1.26	63	0.27	2.55	2.28
2049	17.14	15.79	-1.35	56	0.30	2.55	2.26
2050	17.25	15.80	-1.45	49	0.32	2.56	2.23
2051	17.37	15.81	-1.56	41	0.35	2.56	2.21
2052	17.51	15.82	-1.68	32	0.38	2.56	2.18
2053	17.65	15.83	-1.81	23	0.41	2.57	2.16
2054	17.79	15.85	-1.95	13	0.44	2.57	2.13
2055	17.95	15.86	-2.09	2	0.47	2.58	2.11
2056	18.11	15.87	-2.24	—	0.50	2.58	2.08
2057	18.28	15.88	-2.39	—	0.53	2.58	2.05
2058	18.44	15.90	-2.55	—	0.57	2.59	2.02
2059	18.61	15.91	-2.70	—	0.60	2.59	2.00
2060	18.78	15.92	-2.86	—	0.63	2.60	1.97
2061	18.94	15.93	-3.00	—	0.66	2.60	1.94
2062	19.09	15.95	-3.14	—	0.69	2.61	1.91
2063	19.24	15.96	-3.28	—	0.72	2.61	1.89
2064	19.38	15.97	-3.41	—	0.76	2.62	1.86
2065	19.53	15.98	-3.55	—	0.79	2.62	1.83
2066	19.67	15.99	-3.68	—	0.82	2.62	1.81
2067	19.82	16.00	-3.81	—	0.85	2.63	1.78
2068	19.96	16.02	-3.95	—	0.88	2.63	1.76
2069	20.11	16.03	-4.08	—	0.90	2.64	1.73
2070	20.26	16.04	-4.22	—	0.93	2.64	1.71
2071	20.40	16.05	-4.35	—	0.96	2.64	1.69
2072	20.54	16.06	-4.48	—	0.98	2.65	1.66
2073	20.69	16.07	-4.61	—	1.01	2.65	1.64
2074	20.82	16.08	-4.74	—	1.03	2.65	1.62
2075	20.95	16.09	-4.86	—	1.05	2.66	1.61
2076	21.07	16.10	-4.97	—	1.07	2.66	1.59
2077	21.17	16.11	-5.06	—	1.09	2.66	1.57
2078	21.27	16.12	-5.15	—	1.11	2.66	1.56
2079	21.35	16.12	-5.23	—	1.12	2.67	1.55
2080	21.42	16.13	-5.29	—	1.13	2.67	1.53
2081	21.49	16.14	-5.35	—	1.15	2.67	1.52
2082	21.54	16.14	-5.40	—	1.16	2.67	1.52
2083	21.58	16.14	-5.44	—	1.17	2.67	1.51
2084	21.62	16.15	-5.47	—	1.17	2.68	1.50
2085	21.63	16.15	-5.48	—	1.18	2.68	1.49
2086	21.64	16.15	-5.48	—	1.19	2.68	1.49
2087	21.63	16.15	-5.48	—	1.19	2.68	1.49
2088	21.61	16.15	-5.46	—	1.19	2.68	1.49
2089	21.58	16.15	-5.43	—	1.19	2.68	1.49
2090	21.54	16.15	-5.39	—	1.20	2.68	1.49
2091	21.50	16.15	-5.36	—	1.20	2.68	1.49
2092	21.46	16.15	-5.32	—	1.19	2.68	1.49
2093	21.42	16.15	-5.28	—	1.19	2.68	1.49
2094	21.38	16.14	-5.24	—	1.19	2.68	1.49
2095	21.34	16.14	-5.20	—	1.19	2.68	1.49
2096	21.30	16.14	-5.16	—	1.19	2.68	1.49
2097	21.27	16.14	-5.13	—	1.19	2.68	1.50
2098	21.24	16.14	-5.11	—	1.19	2.68	1.50
2099	21.22	16.14	-5.09	—	1.18	2.68	1.50
2100	21.21	16.14	-5.07	—	1.18	2.68	1.50
2101	21.20	16.14	-5.07	—	1.18	2.68	1.50

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	18.68%	16.23%	-2.45%	2055	0.58%	2.56%	1.98%
¹ Under current law, the year of Trust Fund reserve depletion is 2034.

Based on Intermediate Assumptions of the 2026 Trustees Report.

Detailed Single Year Tables

Description of Proposed Provision: E2.2: Eliminate the taxable maximum in years 2027 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
E2.2: Eliminate the taxable maximum in years 2027 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.