Detailed Single Year Tables
Description of Proposed Provision:
E2.17: Apply 12.4 percent payroll tax rate on earnings above $400,000 starting in 2026 and tax all earnings once the current-law taxable maximum exceeds $400,000. 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 | 14.33 | -0.96 | 149 | 0.00 | 1.29 | 1.29 | ||
| 2027 | 15.48 | 14.47 | -1.00 | 139 | -0.00 | 1.39 | 1.39 | ||
| 2028 | 15.59 | 14.54 | -1.04 | 130 | -0.00 | 1.43 | 1.43 | ||
| 2029 | 15.69 | 14.61 | -1.08 | 120 | -0.00 | 1.47 | 1.48 | ||
| 2030 | 15.79 | 14.67 | -1.12 | 112 | -0.00 | 1.52 | 1.52 | ||
| 2031 | 15.91 | 14.74 | -1.17 | 103 | -0.00 | 1.56 | 1.56 | ||
| 2032 | 16.00 | 14.81 | -1.20 | 94 | 0.00 | 1.61 | 1.60 | ||
| 2033 | 15.93 | 14.90 | -1.03 | 87 | -0.14 | 1.65 | 1.79 | ||
| 2034 | 16.12 | 14.97 | -1.15 | 80 | -0.02 | 1.70 | 1.73 | ||
| 2035 | 16.21 | 15.03 | -1.18 | 72 | -0.02 | 1.76 | 1.78 | ||
| 2036 | 16.30 | 15.09 | -1.21 | 65 | -0.02 | 1.81 | 1.83 | ||
| 2037 | 16.39 | 15.16 | -1.23 | 58 | -0.03 | 1.86 | 1.89 | ||
| 2038 | 16.46 | 15.22 | -1.24 | 51 | -0.03 | 1.91 | 1.94 | ||
| 2039 | 16.52 | 15.28 | -1.24 | 44 | -0.03 | 1.97 | 2.00 | ||
| 2040 | 16.57 | 15.35 | -1.22 | 36 | -0.04 | 2.03 | 2.07 | ||
| 2041 | 16.61 | 15.41 | -1.20 | 29 | -0.04 | 2.09 | 2.13 | ||
| 2042 | 16.63 | 15.48 | -1.15 | 23 | -0.04 | 2.15 | 2.20 | ||
| 2043 | 16.66 | 15.55 | -1.11 | 16 | -0.05 | 2.22 | 2.27 | ||
| 2044 | 16.69 | 15.62 | -1.07 | 9 | -0.05 | 2.29 | 2.34 | ||
| 2045 | 16.72 | 15.70 | -1.02 | 3 | -0.05 | 2.36 | 2.41 | ||
| 2046 | 16.75 | 15.77 | -0.97 | — | -0.06 | 2.43 | 2.49 | ||
| 2047 | 16.78 | 15.85 | -0.93 | — | -0.06 | 2.50 | 2.56 | ||
| 2048 | 16.81 | 15.85 | -0.96 | — | -0.06 | 2.51 | 2.57 | ||
| 2049 | 16.86 | 15.86 | -1.00 | — | -0.07 | 2.51 | 2.57 | ||
| 2050 | 16.90 | 15.86 | -1.04 | — | -0.07 | 2.51 | 2.58 | ||
| 2051 | 16.95 | 15.87 | -1.08 | — | -0.07 | 2.51 | 2.58 | ||
| 2052 | 17.01 | 15.88 | -1.13 | — | -0.07 | 2.51 | 2.58 | ||
| 2053 | 17.07 | 15.88 | -1.19 | — | -0.08 | 2.51 | 2.59 | ||
| 2054 | 17.14 | 15.89 | -1.25 | — | -0.08 | 2.51 | 2.59 | ||
| 2055 | 17.22 | 15.90 | -1.32 | — | -0.08 | 2.51 | 2.59 | ||
| 2056 | 17.30 | 15.90 | -1.40 | — | -0.08 | 2.51 | 2.59 | ||
| 2057 | 17.39 | 15.91 | -1.48 | — | -0.09 | 2.51 | 2.60 | ||
| 2058 | 17.48 | 15.92 | -1.56 | — | -0.09 | 2.51 | 2.60 | ||
| 2059 | 17.57 | 15.93 | -1.64 | — | -0.09 | 2.51 | 2.60 | ||
| 2060 | 17.65 | 15.94 | -1.72 | — | -0.09 | 2.51 | 2.60 | ||
| 2061 | 17.73 | 15.94 | -1.79 | — | -0.09 | 2.51 | 2.60 | ||
| 2062 | 17.80 | 15.95 | -1.85 | — | -0.09 | 2.51 | 2.60 | ||
| 2063 | 17.87 | 15.96 | -1.92 | — | -0.09 | 2.51 | 2.60 | ||
| 2064 | 17.94 | 15.96 | -1.98 | — | -0.09 | 2.51 | 2.60 | ||
| 2065 | 18.01 | 15.97 | -2.04 | — | -0.09 | 2.52 | 2.60 | ||
| 2066 | 18.08 | 15.98 | -2.10 | — | -0.09 | 2.52 | 2.61 | ||
| 2067 | 18.15 | 15.98 | -2.17 | — | -0.09 | 2.52 | 2.61 | ||
| 2068 | 18.22 | 15.99 | -2.23 | — | -0.09 | 2.52 | 2.61 | ||
| 2069 | 18.29 | 15.99 | -2.30 | — | -0.09 | 2.52 | 2.61 | ||
| 2070 | 18.37 | 16.00 | -2.37 | — | -0.09 | 2.52 | 2.61 | ||
| 2071 | 18.44 | 16.01 | -2.43 | — | -0.09 | 2.52 | 2.60 | ||
| 2072 | 18.51 | 16.01 | -2.50 | — | -0.09 | 2.52 | 2.60 | ||
| 2073 | 18.59 | 16.02 | -2.57 | — | -0.08 | 2.52 | 2.60 | ||
| 2074 | 18.66 | 16.03 | -2.63 | — | -0.08 | 2.52 | 2.60 | ||
| 2075 | 18.72 | 16.03 | -2.68 | — | -0.08 | 2.52 | 2.60 | ||
| 2076 | 18.77 | 16.04 | -2.73 | — | -0.08 | 2.52 | 2.60 | ||
| 2077 | 18.81 | 16.04 | -2.77 | — | -0.08 | 2.52 | 2.60 | ||
| 2078 | 18.85 | 16.05 | -2.80 | — | -0.08 | 2.52 | 2.60 | ||
| 2079 | 18.87 | 16.05 | -2.82 | — | -0.08 | 2.52 | 2.60 | ||
| 2080 | 18.88 | 16.05 | -2.83 | — | -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 | 17.55% | 16.03% | -1.51% | 2045 | -0.06% | 2.25% | 2.31% | ||
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.