Long Range Solvency Provisions

Description of Proposed Provision:
E2.1: Eliminate the taxable maximum in years 2026 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not 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
2025	15.15	12.80	-2.35	169	0.00	0.00	0.00
2026	15.29	15.44	0.15	149	0.00	2.40	2.40
2027	15.47	15.60	0.12	146	-0.00	2.51	2.51
2028	15.58	15.62	0.03	143	-0.00	2.51	2.51
2029	15.69	15.64	-0.04	141	-0.00	2.51	2.51
2030	15.79	15.66	-0.13	138	-0.00	2.50	2.51
2031	15.91	15.69	-0.22	135	-0.00	2.50	2.50
2032	16.00	15.70	-0.30	131	0.00	2.50	2.50
2033	15.85	15.75	-0.10	130	-0.22	2.50	2.72
2034	16.11	15.77	-0.34	127	-0.04	2.50	2.54
2035	16.19	15.78	-0.42	125	-0.04	2.50	2.54
2036	16.29	15.79	-0.50	122	-0.04	2.50	2.54
2037	16.37	15.80	-0.57	119	-0.04	2.50	2.55
2038	16.44	15.81	-0.64	116	-0.05	2.50	2.55
2039	16.50	15.81	-0.69	113	-0.05	2.50	2.56
2040	16.55	15.82	-0.73	109	-0.06	2.50	2.56
2041	16.58	15.82	-0.76	105	-0.06	2.50	2.57
2042	16.61	15.83	-0.78	102	-0.07	2.50	2.57
2043	16.64	15.83	-0.81	98	-0.07	2.50	2.57
2044	16.67	15.84	-0.83	94	-0.07	2.50	2.58
2045	16.70	15.84	-0.86	89	-0.08	2.50	2.58
2046	16.72	15.84	-0.88	85	-0.08	2.50	2.59
2047	16.75	15.85	-0.90	81	-0.09	2.50	2.59
2048	16.79	15.85	-0.94	76	-0.09	2.51	2.59
2049	16.83	15.86	-0.97	71	-0.09	2.51	2.60
2050	16.88	15.86	-1.01	66	-0.09	2.51	2.60
2051	16.92	15.87	-1.06	60	-0.10	2.51	2.60
2052	16.98	15.87	-1.11	55	-0.10	2.51	2.61
2053	17.05	15.88	-1.17	49	-0.10	2.51	2.61
2054	17.12	15.89	-1.23	42	-0.10	2.51	2.61
2055	17.20	15.89	-1.30	36	-0.10	2.51	2.61
2056	17.28	15.90	-1.38	28	-0.10	2.51	2.61
2057	17.37	15.91	-1.46	21	-0.10	2.51	2.61
2058	17.47	15.92	-1.55	13	-0.10	2.51	2.61
2059	17.56	15.93	-1.63	4	-0.10	2.51	2.62
2060	17.64	15.93	-1.70	—	-0.10	2.51	2.62
2061	17.72	15.94	-1.77	—	-0.10	2.51	2.62
2062	17.79	15.95	-1.84	—	-0.10	2.51	2.62
2063	17.86	15.96	-1.91	—	-0.10	2.51	2.61
2064	17.93	15.96	-1.97	—	-0.10	2.51	2.61
2065	18.00	15.97	-2.03	—	-0.10	2.51	2.61
2066	18.07	15.97	-2.10	—	-0.10	2.52	2.61
2067	18.14	15.98	-2.16	—	-0.10	2.52	2.61
2068	18.21	15.99	-2.22	—	-0.09	2.52	2.61
2069	18.29	15.99	-2.29	—	-0.09	2.52	2.61
2070	18.36	16.00	-2.36	—	-0.09	2.52	2.61
2071	18.44	16.01	-2.43	—	-0.09	2.52	2.61
2072	18.51	16.01	-2.50	—	-0.09	2.52	2.61
2073	18.58	16.02	-2.56	—	-0.09	2.52	2.61
2074	18.65	16.03	-2.63	—	-0.09	2.52	2.61
2075	18.72	16.03	-2.68	—	-0.09	2.52	2.61
2076	18.77	16.04	-2.73	—	-0.08	2.52	2.61
2077	18.81	16.04	-2.77	—	-0.08	2.52	2.61
2078	18.84	16.05	-2.80	—	-0.08	2.52	2.60
2079	18.86	16.05	-2.82	—	-0.08	2.52	2.60
2080	18.88	16.05	-2.82	—	-0.08	2.52	2.60
2081	18.88	16.05	-2.83	—	-0.08	2.52	2.60
2082	18.87	16.05	-2.82	—	-0.08	2.52	2.60
2083	18.86	16.05	-2.80	—	-0.08	2.53	2.60
2084	18.83	16.05	-2.78	—	-0.08	2.53	2.60
2085	18.79	16.05	-2.74	—	-0.08	2.53	2.60
2086	18.75	16.05	-2.70	—	-0.07	2.53	2.60
2087	18.69	16.05	-2.64	—	-0.07	2.53	2.60
2088	18.63	16.04	-2.59	—	-0.07	2.53	2.60
2089	18.57	16.04	-2.53	—	-0.07	2.53	2.60
2090	18.51	16.04	-2.47	—	-0.07	2.53	2.60
2091	18.45	16.03	-2.41	—	-0.07	2.53	2.60
2092	18.39	16.03	-2.36	—	-0.07	2.53	2.60
2093	18.35	16.03	-2.32	—	-0.07	2.53	2.60
2094	18.32	16.03	-2.29	—	-0.07	2.53	2.60
2095	18.29	16.03	-2.26	—	-0.07	2.53	2.60
2096	18.27	16.03	-2.25	—	-0.07	2.53	2.60
2097	18.26	16.03	-2.24	—	-0.07	2.53	2.60
2098	18.26	16.03	-2.23	—	-0.07	2.53	2.60
2099	18.27	16.03	-2.24	—	-0.07	2.53	2.60
2100	18.28	16.03	-2.25	—	-0.07	2.53	2.60

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	17.54%	16.26%	-1.28%	2059	-0.07%	2.48%	2.55%
¹ Under current law, the year of Trust Fund reserve depletion is 2034.

Based on Intermediate Assumptions of the 2025 Trustees Report.

Detailed Single Year Tables

Description of Proposed Provision: E2.1: Eliminate the taxable maximum in years 2026 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not 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:
E2.1: Eliminate the taxable maximum in years 2026 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not provide benefit credit for earnings above the current-law taxable maximum.