Detailed Single Year Tables
Description of Proposed Provision:
E1.4: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2031-2050, until the rate reaches 14.4 percent in 2050 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 |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.29 | 13.03 | -2.25 | 149 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.48 | 13.08 | -2.39 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.59 | 13.11 | -2.48 | 113 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.69 | 13.14 | -2.55 | 95 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.80 | 13.16 | -2.64 | 78 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.91 | 13.28 | -2.64 | 60 | 0.00 | 0.09 | 0.09 | ||
| 2032 | 16.00 | 13.39 | -2.61 | 44 | 0.00 | 0.19 | 0.19 | ||
| 2033 | 16.06 | 13.53 | -2.53 | 27 | -0.01 | 0.28 | 0.30 | ||
| 2034 | 16.14 | 13.64 | -2.50 | 12 | -0.00 | 0.38 | 0.38 | ||
| 2035 | 16.23 | 13.75 | -2.48 | — | -0.00 | 0.47 | 0.48 | ||
| 2036 | 16.32 | 13.85 | -2.47 | — | -0.00 | 0.57 | 0.57 | ||
| 2037 | 16.41 | 13.96 | -2.45 | — | -0.00 | 0.66 | 0.67 | ||
| 2038 | 16.48 | 14.06 | -2.42 | — | -0.00 | 0.76 | 0.76 | ||
| 2039 | 16.55 | 14.16 | -2.38 | — | -0.00 | 0.85 | 0.86 | ||
| 2040 | 16.60 | 14.27 | -2.33 | — | -0.01 | 0.95 | 0.96 | ||
| 2041 | 16.64 | 14.37 | -2.27 | — | -0.01 | 1.05 | 1.05 | ||
| 2042 | 16.67 | 14.46 | -2.20 | — | -0.01 | 1.14 | 1.15 | ||
| 2043 | 16.70 | 14.56 | -2.13 | — | -0.01 | 1.23 | 1.25 | ||
| 2044 | 16.73 | 14.66 | -2.07 | — | -0.01 | 1.33 | 1.34 | ||
| 2045 | 16.76 | 14.76 | -2.00 | — | -0.02 | 1.42 | 1.44 | ||
| 2046 | 16.78 | 14.86 | -1.93 | — | -0.02 | 1.52 | 1.54 | ||
| 2047 | 16.82 | 14.96 | -1.86 | — | -0.02 | 1.61 | 1.64 | ||
| 2048 | 16.85 | 15.06 | -1.80 | — | -0.02 | 1.71 | 1.73 | ||
| 2049 | 16.90 | 15.16 | -1.74 | — | -0.03 | 1.80 | 1.83 | ||
| 2050 | 16.94 | 15.25 | -1.68 | — | -0.03 | 1.90 | 1.93 | ||
| 2051 | 16.98 | 15.26 | -1.72 | — | -0.04 | 1.90 | 1.94 | ||
| 2052 | 17.04 | 15.27 | -1.77 | — | -0.04 | 1.90 | 1.94 | ||
| 2053 | 17.10 | 15.27 | -1.83 | — | -0.04 | 1.90 | 1.95 | ||
| 2054 | 17.17 | 15.28 | -1.89 | — | -0.05 | 1.90 | 1.95 | ||
| 2055 | 17.25 | 15.29 | -1.96 | — | -0.05 | 1.90 | 1.95 | ||
| 2056 | 17.33 | 15.29 | -2.03 | — | -0.06 | 1.90 | 1.96 | ||
| 2057 | 17.41 | 15.30 | -2.11 | — | -0.06 | 1.90 | 1.96 | ||
| 2058 | 17.50 | 15.31 | -2.19 | — | -0.07 | 1.90 | 1.97 | ||
| 2059 | 17.59 | 15.32 | -2.27 | — | -0.07 | 1.90 | 1.97 | ||
| 2060 | 17.67 | 15.32 | -2.34 | — | -0.08 | 1.90 | 1.98 | ||
| 2061 | 17.74 | 15.33 | -2.41 | — | -0.08 | 1.90 | 1.98 | ||
| 2062 | 17.81 | 15.34 | -2.47 | — | -0.08 | 1.90 | 1.98 | ||
| 2063 | 17.88 | 15.34 | -2.53 | — | -0.09 | 1.90 | 1.99 | ||
| 2064 | 17.94 | 15.35 | -2.59 | — | -0.09 | 1.90 | 1.99 | ||
| 2065 | 18.00 | 15.35 | -2.65 | — | -0.10 | 1.90 | 1.99 | ||
| 2066 | 18.07 | 15.36 | -2.71 | — | -0.10 | 1.90 | 2.00 | ||
| 2067 | 18.14 | 15.36 | -2.77 | — | -0.10 | 1.90 | 2.00 | ||
| 2068 | 18.20 | 15.37 | -2.83 | — | -0.10 | 1.90 | 2.00 | ||
| 2069 | 18.27 | 15.38 | -2.90 | — | -0.11 | 1.90 | 2.01 | ||
| 2070 | 18.35 | 15.38 | -2.96 | — | -0.11 | 1.90 | 2.01 | ||
| 2071 | 18.42 | 15.39 | -3.03 | — | -0.11 | 1.90 | 2.01 | ||
| 2072 | 18.49 | 15.39 | -3.09 | — | -0.11 | 1.90 | 2.01 | ||
| 2073 | 18.56 | 15.40 | -3.16 | — | -0.12 | 1.90 | 2.01 | ||
| 2074 | 18.62 | 15.41 | -3.22 | — | -0.12 | 1.90 | 2.02 | ||
| 2075 | 18.68 | 15.41 | -3.27 | — | -0.12 | 1.90 | 2.02 | ||
| 2076 | 18.73 | 15.42 | -3.32 | — | -0.12 | 1.90 | 2.02 | ||
| 2077 | 18.77 | 15.42 | -3.35 | — | -0.12 | 1.90 | 2.02 | ||
| 2078 | 18.80 | 15.42 | -3.38 | — | -0.12 | 1.90 | 2.02 | ||
| 2079 | 18.82 | 15.42 | -3.40 | — | -0.12 | 1.90 | 2.02 | ||
| 2080 | 18.83 | 15.43 | -3.41 | — | -0.12 | 1.90 | 2.02 | ||
| 2081 | 18.83 | 15.43 | -3.41 | — | -0.12 | 1.90 | 2.02 | ||
| 2082 | 18.83 | 15.43 | -3.40 | — | -0.12 | 1.90 | 2.02 | ||
| 2083 | 18.81 | 15.43 | -3.38 | — | -0.13 | 1.90 | 2.02 | ||
| 2084 | 18.78 | 15.43 | -3.36 | — | -0.13 | 1.90 | 2.02 | ||
| 2085 | 18.74 | 15.43 | -3.32 | — | -0.13 | 1.90 | 2.02 | ||
| 2086 | 18.70 | 15.42 | -3.27 | — | -0.12 | 1.90 | 2.02 | ||
| 2087 | 18.64 | 15.42 | -3.22 | — | -0.12 | 1.90 | 2.02 | ||
| 2088 | 18.58 | 15.42 | -3.16 | — | -0.12 | 1.90 | 2.02 | ||
| 2089 | 18.52 | 15.41 | -3.11 | — | -0.12 | 1.90 | 2.02 | ||
| 2090 | 18.45 | 15.41 | -3.05 | — | -0.12 | 1.90 | 2.02 | ||
| 2091 | 18.40 | 15.40 | -2.99 | — | -0.12 | 1.90 | 2.02 | ||
| 2092 | 18.34 | 15.40 | -2.94 | — | -0.12 | 1.90 | 2.02 | ||
| 2093 | 18.30 | 15.40 | -2.90 | — | -0.12 | 1.90 | 2.02 | ||
| 2094 | 18.26 | 15.40 | -2.87 | — | -0.12 | 1.90 | 2.02 | ||
| 2095 | 18.24 | 15.39 | -2.84 | — | -0.12 | 1.90 | 2.02 | ||
| 2096 | 18.22 | 15.39 | -2.83 | — | -0.12 | 1.90 | 2.02 | ||
| 2097 | 18.21 | 15.39 | -2.82 | — | -0.12 | 1.90 | 2.02 | ||
| 2098 | 18.21 | 15.39 | -2.81 | — | -0.12 | 1.90 | 2.02 | ||
| 2099 | 18.22 | 15.39 | -2.82 | — | -0.12 | 1.90 | 2.02 | ||
| 2100 | 18.23 | 15.40 | -2.84 | — | -0.12 | 1.90 | 2.02 | ||
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% | 15.21% | -2.34% | 2034 | -0.06% | 1.42% | 1.49% | ||
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.