Detailed Single Year Tables
Description of Proposed Provision:
E1.2: Increase the payroll tax rate (currently 12.4 percent) to 16.1 percent in 2034-2063, and to 19.8 percent in years 2064 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 | 13.07 | -2.67 | 74 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.72 | 13.09 | -2.64 | 57 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 15.72 | 13.09 | -2.63 | 40 | 0.00 | 0.00 | 0.00 | ||
| 2033 | 15.72 | 13.13 | -2.59 | 23 | 0.00 | 0.00 | 0.00 | ||
| 2034 | 15.74 | 16.54 | 0.80 | 7 | 0.00 | 3.40 | 3.40 | ||
| 2035 | 15.77 | 16.67 | 0.90 | 12 | -0.00 | 3.50 | 3.50 | ||
| 2036 | 15.85 | 16.67 | 0.82 | 18 | -0.01 | 3.50 | 3.51 | ||
| 2037 | 15.95 | 16.68 | 0.74 | 23 | -0.01 | 3.50 | 3.51 | ||
| 2038 | 16.03 | 16.69 | 0.66 | 28 | -0.01 | 3.50 | 3.51 | ||
| 2039 | 16.11 | 16.70 | 0.58 | 32 | -0.02 | 3.50 | 3.52 | ||
| 2040 | 16.18 | 16.70 | 0.52 | 35 | -0.02 | 3.50 | 3.52 | ||
| 2041 | 16.24 | 16.71 | 0.46 | 39 | -0.03 | 3.50 | 3.53 | ||
| 2042 | 16.30 | 16.71 | 0.41 | 42 | -0.04 | 3.50 | 3.54 | ||
| 2043 | 16.37 | 16.71 | 0.35 | 44 | -0.05 | 3.50 | 3.55 | ||
| 2044 | 16.44 | 16.72 | 0.28 | 47 | -0.05 | 3.50 | 3.56 | ||
| 2045 | 16.51 | 16.72 | 0.21 | 48 | -0.06 | 3.50 | 3.57 | ||
| 2046 | 16.56 | 16.73 | 0.17 | 50 | -0.07 | 3.50 | 3.58 | ||
| 2047 | 16.62 | 16.73 | 0.11 | 51 | -0.08 | 3.50 | 3.58 | ||
| 2048 | 16.68 | 16.74 | 0.06 | 52 | -0.09 | 3.50 | 3.59 | ||
| 2049 | 16.74 | 16.74 | -0.00 | 53 | -0.10 | 3.50 | 3.60 | ||
| 2050 | 16.82 | 16.75 | -0.07 | 54 | -0.11 | 3.50 | 3.61 | ||
| 2051 | 16.90 | 16.75 | -0.15 | 54 | -0.12 | 3.50 | 3.62 | ||
| 2052 | 17.00 | 16.76 | -0.24 | 53 | -0.13 | 3.50 | 3.63 | ||
| 2053 | 17.10 | 16.77 | -0.33 | 52 | -0.14 | 3.50 | 3.64 | ||
| 2054 | 17.21 | 16.77 | -0.43 | 50 | -0.15 | 3.50 | 3.64 | ||
| 2055 | 17.32 | 16.78 | -0.54 | 48 | -0.15 | 3.50 | 3.65 | ||
| 2056 | 17.45 | 16.79 | -0.66 | 45 | -0.16 | 3.50 | 3.66 | ||
| 2057 | 17.57 | 16.80 | -0.78 | 42 | -0.17 | 3.50 | 3.67 | ||
| 2058 | 17.70 | 16.80 | -0.90 | 38 | -0.18 | 3.50 | 3.67 | ||
| 2059 | 17.83 | 16.81 | -1.02 | 33 | -0.18 | 3.50 | 3.68 | ||
| 2060 | 17.96 | 16.82 | -1.13 | 28 | -0.19 | 3.50 | 3.69 | ||
| 2061 | 18.08 | 16.83 | -1.25 | 22 | -0.20 | 3.50 | 3.69 | ||
| 2062 | 18.19 | 16.84 | -1.36 | 15 | -0.20 | 3.50 | 3.70 | ||
| 2063 | 18.31 | 16.84 | -1.46 | 8 | -0.21 | 3.50 | 3.70 | ||
| 2064 | 18.42 | 20.18 | 1.77 | 0 | -0.21 | 6.83 | 7.04 | ||
| 2065 | 18.52 | 20.29 | 1.77 | 10 | -0.22 | 6.93 | 7.15 | ||
| 2066 | 18.63 | 20.30 | 1.67 | 20 | -0.23 | 6.93 | 7.16 | ||
| 2067 | 18.74 | 20.30 | 1.57 | 29 | -0.23 | 6.93 | 7.16 | ||
| 2068 | 18.85 | 20.31 | 1.47 | 37 | -0.24 | 6.93 | 7.17 | ||
| 2069 | 18.96 | 20.32 | 1.36 | 45 | -0.25 | 6.93 | 7.18 | ||
| 2070 | 19.07 | 20.33 | 1.26 | 52 | -0.26 | 6.93 | 7.18 | ||
| 2071 | 19.18 | 20.33 | 1.16 | 59 | -0.27 | 6.93 | 7.19 | ||
| 2072 | 19.28 | 20.34 | 1.06 | 66 | -0.28 | 6.93 | 7.20 | ||
| 2073 | 19.39 | 20.35 | 0.96 | 72 | -0.29 | 6.93 | 7.22 | ||
| 2074 | 19.50 | 20.36 | 0.86 | 77 | -0.30 | 6.93 | 7.23 | ||
| 2075 | 19.59 | 20.36 | 0.77 | 82 | -0.31 | 6.93 | 7.24 | ||
| 2076 | 19.67 | 20.37 | 0.70 | 87 | -0.32 | 6.93 | 7.25 | ||
| 2077 | 19.75 | 20.38 | 0.62 | 91 | -0.33 | 6.93 | 7.26 | ||
| 2078 | 19.82 | 20.38 | 0.56 | 95 | -0.34 | 6.93 | 7.27 | ||
| 2079 | 19.88 | 20.38 | 0.51 | 99 | -0.35 | 6.93 | 7.28 | ||
| 2080 | 19.93 | 20.39 | 0.46 | 102 | -0.36 | 6.93 | 7.29 | ||
| 2081 | 19.97 | 20.39 | 0.42 | 106 | -0.37 | 6.93 | 7.30 | ||
| 2082 | 20.00 | 20.39 | 0.39 | 109 | -0.38 | 6.93 | 7.31 | ||
| 2083 | 20.03 | 20.40 | 0.37 | 112 | -0.39 | 6.93 | 7.32 | ||
| 2084 | 20.04 | 20.40 | 0.36 | 115 | -0.40 | 6.93 | 7.33 | ||
| 2085 | 20.04 | 20.40 | 0.36 | 118 | -0.41 | 6.93 | 7.33 | ||
| 2086 | 20.04 | 20.40 | 0.36 | 121 | -0.41 | 6.93 | 7.34 | ||
| 2087 | 20.02 | 20.40 | 0.38 | 125 | -0.42 | 6.93 | 7.35 | ||
| 2088 | 19.99 | 20.40 | 0.41 | 128 | -0.43 | 6.93 | 7.35 | ||
| 2089 | 19.95 | 20.40 | 0.44 | 132 | -0.43 | 6.93 | 7.36 | ||
| 2090 | 19.91 | 20.40 | 0.48 | 136 | -0.44 | 6.93 | 7.36 | ||
| 2091 | 19.87 | 20.39 | 0.53 | 140 | -0.44 | 6.93 | 7.37 | ||
| 2092 | 19.82 | 20.39 | 0.57 | 145 | -0.44 | 6.93 | 7.37 | ||
| 2093 | 19.78 | 20.39 | 0.61 | 149 | -0.45 | 6.93 | 7.38 | ||
| 2094 | 19.74 | 20.39 | 0.65 | 154 | -0.45 | 6.93 | 7.38 | ||
| 2095 | 19.69 | 20.39 | 0.69 | 160 | -0.45 | 6.93 | 7.38 | ||
| 2096 | 19.66 | 20.38 | 0.73 | 165 | -0.46 | 6.93 | 7.38 | ||
| 2097 | 19.62 | 20.38 | 0.76 | 171 | -0.46 | 6.93 | 7.39 | ||
| 2098 | 19.60 | 20.38 | 0.79 | 177 | -0.46 | 6.93 | 7.39 | ||
| 2099 | 19.57 | 20.38 | 0.81 | 183 | -0.46 | 6.93 | 7.39 | ||
| 2100 | 19.56 | 20.38 | 0.82 | 189 | -0.46 | 6.93 | 7.39 | ||
| 2101 | 19.55 | 20.38 | 0.83 | 195 | -0.46 | 6.93 | 7.39 | ||
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 | 17.91% | 18.09% | 0.17% | N/A | -0.19% | 4.41% | 4.60% | ||
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.