Detailed Single Year Tables
Description of Proposed Provision:
E1.9: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage points each year from 2030-2053, until the rate reaches 14.8 percent in 2053 and later.
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 | 12.85 | -2.77 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.70 | 13.01 | -2.69 | 111 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.74 | 13.06 | -2.68 | 92 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.74 | 13.17 | -2.57 | 74 | 0.00 | 0.09 | 0.09 | ||
| 2031 | 15.72 | 13.27 | -2.45 | 57 | -0.00 | 0.19 | 0.19 | ||
| 2032 | 15.72 | 13.38 | -2.34 | 42 | -0.00 | 0.28 | 0.28 | ||
| 2033 | 15.72 | 13.51 | -2.21 | 27 | -0.00 | 0.38 | 0.38 | ||
| 2034 | 15.74 | 13.61 | -2.13 | 13 | -0.00 | 0.47 | 0.48 | ||
| 2035 | 15.77 | 13.74 | -2.04 | 0 | -0.00 | 0.57 | 0.57 | ||
| 2036 | 15.85 | 13.84 | -2.02 | — | -0.00 | 0.67 | 0.67 | ||
| 2037 | 15.95 | 13.94 | -2.01 | — | -0.00 | 0.76 | 0.76 | ||
| 2038 | 16.04 | 14.04 | -2.00 | — | -0.00 | 0.86 | 0.86 | ||
| 2039 | 16.12 | 14.15 | -1.98 | — | -0.01 | 0.95 | 0.96 | ||
| 2040 | 16.20 | 14.25 | -1.95 | — | -0.01 | 1.05 | 1.05 | ||
| 2041 | 16.27 | 14.35 | -1.92 | — | -0.01 | 1.14 | 1.15 | ||
| 2042 | 16.33 | 14.45 | -1.89 | — | -0.01 | 1.24 | 1.25 | ||
| 2043 | 16.40 | 14.54 | -1.86 | — | -0.01 | 1.33 | 1.34 | ||
| 2044 | 16.48 | 14.64 | -1.83 | — | -0.02 | 1.43 | 1.44 | ||
| 2045 | 16.56 | 14.74 | -1.81 | — | -0.02 | 1.52 | 1.54 | ||
| 2046 | 16.62 | 14.84 | -1.77 | — | -0.02 | 1.62 | 1.64 | ||
| 2047 | 16.68 | 14.94 | -1.73 | — | -0.02 | 1.71 | 1.74 | ||
| 2048 | 16.74 | 15.04 | -1.70 | — | -0.03 | 1.81 | 1.83 | ||
| 2049 | 16.81 | 15.14 | -1.67 | — | -0.03 | 1.90 | 1.93 | ||
| 2050 | 16.89 | 15.24 | -1.65 | — | -0.04 | 1.99 | 2.03 | ||
| 2051 | 16.98 | 15.34 | -1.64 | — | -0.04 | 2.09 | 2.13 | ||
| 2052 | 17.08 | 15.44 | -1.64 | — | -0.04 | 2.18 | 2.23 | ||
| 2053 | 17.19 | 15.54 | -1.64 | — | -0.05 | 2.28 | 2.33 | ||
| 2054 | 17.30 | 15.55 | -1.74 | — | -0.05 | 2.28 | 2.34 | ||
| 2055 | 17.42 | 15.56 | -1.86 | — | -0.06 | 2.28 | 2.34 | ||
| 2056 | 17.54 | 15.57 | -1.97 | — | -0.07 | 2.28 | 2.35 | ||
| 2057 | 17.67 | 15.58 | -2.09 | — | -0.07 | 2.28 | 2.35 | ||
| 2058 | 17.80 | 15.59 | -2.22 | — | -0.08 | 2.28 | 2.36 | ||
| 2059 | 17.93 | 15.60 | -2.34 | — | -0.08 | 2.28 | 2.36 | ||
| 2060 | 18.06 | 15.60 | -2.46 | — | -0.09 | 2.28 | 2.37 | ||
| 2061 | 18.18 | 15.61 | -2.57 | — | -0.09 | 2.28 | 2.37 | ||
| 2062 | 18.30 | 15.62 | -2.68 | — | -0.10 | 2.28 | 2.38 | ||
| 2063 | 18.41 | 15.63 | -2.79 | — | -0.10 | 2.28 | 2.38 | ||
| 2064 | 18.52 | 15.63 | -2.89 | — | -0.11 | 2.28 | 2.39 | ||
| 2065 | 18.63 | 15.64 | -2.99 | — | -0.11 | 2.28 | 2.39 | ||
| 2066 | 18.74 | 15.65 | -3.09 | — | -0.12 | 2.28 | 2.39 | ||
| 2067 | 18.85 | 15.65 | -3.20 | — | -0.12 | 2.28 | 2.40 | ||
| 2068 | 18.96 | 15.66 | -3.30 | — | -0.12 | 2.28 | 2.40 | ||
| 2069 | 19.08 | 15.67 | -3.41 | — | -0.13 | 2.28 | 2.41 | ||
| 2070 | 19.19 | 15.68 | -3.52 | — | -0.13 | 2.28 | 2.41 | ||
| 2071 | 19.31 | 15.68 | -3.62 | — | -0.13 | 2.28 | 2.41 | ||
| 2072 | 19.42 | 15.69 | -3.73 | — | -0.14 | 2.28 | 2.42 | ||
| 2073 | 19.54 | 15.70 | -3.84 | — | -0.14 | 2.28 | 2.42 | ||
| 2074 | 19.65 | 15.71 | -3.94 | — | -0.14 | 2.28 | 2.42 | ||
| 2075 | 19.75 | 15.71 | -4.04 | — | -0.15 | 2.28 | 2.42 | ||
| 2076 | 19.85 | 15.72 | -4.13 | — | -0.15 | 2.28 | 2.43 | ||
| 2077 | 19.93 | 15.73 | -4.21 | — | -0.15 | 2.28 | 2.43 | ||
| 2078 | 20.01 | 15.73 | -4.28 | — | -0.15 | 2.28 | 2.43 | ||
| 2079 | 20.08 | 15.74 | -4.34 | — | -0.15 | 2.28 | 2.43 | ||
| 2080 | 20.13 | 15.74 | -4.39 | — | -0.16 | 2.28 | 2.43 | ||
| 2081 | 20.18 | 15.74 | -4.44 | — | -0.16 | 2.28 | 2.44 | ||
| 2082 | 20.23 | 15.75 | -4.48 | — | -0.16 | 2.28 | 2.44 | ||
| 2083 | 20.26 | 15.75 | -4.51 | — | -0.16 | 2.28 | 2.44 | ||
| 2084 | 20.28 | 15.75 | -4.53 | — | -0.16 | 2.28 | 2.44 | ||
| 2085 | 20.29 | 15.75 | -4.54 | — | -0.16 | 2.28 | 2.44 | ||
| 2086 | 20.29 | 15.75 | -4.54 | — | -0.16 | 2.28 | 2.44 | ||
| 2087 | 20.28 | 15.75 | -4.52 | — | -0.16 | 2.28 | 2.44 | ||
| 2088 | 20.25 | 15.75 | -4.50 | — | -0.16 | 2.28 | 2.44 | ||
| 2089 | 20.22 | 15.75 | -4.47 | — | -0.16 | 2.28 | 2.44 | ||
| 2090 | 20.19 | 15.75 | -4.44 | — | -0.16 | 2.28 | 2.44 | ||
| 2091 | 20.15 | 15.75 | -4.40 | — | -0.16 | 2.28 | 2.44 | ||
| 2092 | 20.11 | 15.74 | -4.37 | — | -0.16 | 2.28 | 2.44 | ||
| 2093 | 20.07 | 15.74 | -4.33 | — | -0.16 | 2.28 | 2.44 | ||
| 2094 | 20.03 | 15.74 | -4.29 | — | -0.16 | 2.28 | 2.44 | ||
| 2095 | 19.99 | 15.74 | -4.25 | — | -0.16 | 2.28 | 2.44 | ||
| 2096 | 19.96 | 15.74 | -4.22 | — | -0.16 | 2.28 | 2.44 | ||
| 2097 | 19.92 | 15.73 | -4.19 | — | -0.16 | 2.28 | 2.44 | ||
| 2098 | 19.90 | 15.73 | -4.17 | — | -0.16 | 2.28 | 2.44 | ||
| 2099 | 19.88 | 15.73 | -4.15 | — | -0.16 | 2.28 | 2.44 | ||
| 2100 | 19.87 | 15.73 | -4.13 | — | -0.16 | 2.28 | 2.44 | ||
| 2101 | 19.86 | 15.73 | -4.13 | — | -0.16 | 2.28 | 2.44 | ||
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 | 18.02% | 15.37% | -2.66% | 2035 | -0.08% | 1.69% | 1.77% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
|||||||||
Based on Intermediate Assumptions of the 2026 Trustees Report.