Detailed Single Year Tables
Description of Proposed Provision:
E1.8: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2028-2033, until the rate reaches 13.0 percent for 2033 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 | 13.20 | -2.39 | 113 | 0.00 | 0.09 | 0.09 | ||
2029 | 15.69 | 13.32 | -2.37 | 96 | -0.00 | 0.19 | 0.19 | ||
2030 | 15.80 | 13.44 | -2.36 | 80 | -0.00 | 0.28 | 0.28 | ||
2031 | 15.91 | 13.56 | -2.35 | 64 | 0.00 | 0.38 | 0.38 | ||
2032 | 16.00 | 13.68 | -2.33 | 49 | 0.00 | 0.47 | 0.47 | ||
2033 | 16.03 | 13.81 | -2.22 | 34 | -0.04 | 0.57 | 0.61 | ||
2034 | 16.14 | 13.84 | -2.30 | 21 | -0.01 | 0.57 | 0.58 | ||
2035 | 16.23 | 13.85 | -2.38 | 7 | -0.00 | 0.57 | 0.58 | ||
2036 | 16.32 | 13.86 | -2.46 | — | -0.00 | 0.57 | 0.58 | ||
2037 | 16.41 | 13.87 | -2.54 | — | -0.00 | 0.57 | 0.58 | ||
2038 | 16.48 | 13.88 | -2.61 | — | -0.01 | 0.57 | 0.58 | ||
2039 | 16.55 | 13.88 | -2.66 | — | -0.01 | 0.57 | 0.58 | ||
2040 | 16.60 | 13.89 | -2.71 | — | -0.01 | 0.57 | 0.58 | ||
2041 | 16.64 | 13.89 | -2.74 | — | -0.01 | 0.57 | 0.58 | ||
2042 | 16.67 | 13.90 | -2.77 | — | -0.01 | 0.57 | 0.58 | ||
2043 | 16.70 | 13.90 | -2.79 | — | -0.01 | 0.57 | 0.59 | ||
2044 | 16.73 | 13.90 | -2.82 | — | -0.01 | 0.57 | 0.59 | ||
2045 | 16.76 | 13.91 | -2.85 | — | -0.02 | 0.57 | 0.59 | ||
2046 | 16.79 | 13.91 | -2.87 | — | -0.02 | 0.57 | 0.59 | ||
2047 | 16.82 | 13.92 | -2.90 | — | -0.02 | 0.57 | 0.59 | ||
2048 | 16.86 | 13.92 | -2.94 | — | -0.02 | 0.57 | 0.59 | ||
2049 | 16.90 | 13.92 | -2.98 | — | -0.02 | 0.57 | 0.59 | ||
2050 | 16.95 | 13.93 | -3.02 | — | -0.02 | 0.57 | 0.59 | ||
2051 | 17.00 | 13.93 | -3.06 | — | -0.02 | 0.57 | 0.60 | ||
2052 | 17.05 | 13.94 | -3.12 | — | -0.03 | 0.57 | 0.60 | ||
2053 | 17.12 | 13.94 | -3.17 | — | -0.03 | 0.57 | 0.60 | ||
2054 | 17.19 | 13.95 | -3.24 | — | -0.03 | 0.57 | 0.60 | ||
2055 | 17.27 | 13.96 | -3.31 | — | -0.03 | 0.57 | 0.60 | ||
2056 | 17.36 | 13.96 | -3.39 | — | -0.03 | 0.57 | 0.60 | ||
2057 | 17.45 | 13.97 | -3.47 | — | -0.03 | 0.57 | 0.60 | ||
2058 | 17.54 | 13.98 | -3.56 | — | -0.03 | 0.57 | 0.60 | ||
2059 | 17.63 | 13.99 | -3.64 | — | -0.03 | 0.57 | 0.60 | ||
2060 | 17.71 | 13.99 | -3.71 | — | -0.03 | 0.57 | 0.61 | ||
2061 | 17.79 | 14.00 | -3.78 | — | -0.03 | 0.57 | 0.61 | ||
2062 | 17.86 | 14.01 | -3.85 | — | -0.03 | 0.57 | 0.61 | ||
2063 | 17.93 | 14.01 | -3.91 | — | -0.04 | 0.57 | 0.61 | ||
2064 | 17.99 | 14.02 | -3.97 | — | -0.04 | 0.57 | 0.61 | ||
2065 | 18.06 | 14.03 | -4.04 | — | -0.04 | 0.57 | 0.61 | ||
2066 | 18.13 | 14.03 | -4.10 | — | -0.04 | 0.57 | 0.61 | ||
2067 | 18.20 | 14.04 | -4.16 | — | -0.04 | 0.57 | 0.61 | ||
2068 | 18.27 | 14.04 | -4.23 | — | -0.04 | 0.57 | 0.61 | ||
2069 | 18.34 | 14.05 | -4.29 | — | -0.04 | 0.57 | 0.61 | ||
2070 | 18.42 | 14.06 | -4.36 | — | -0.04 | 0.57 | 0.61 | ||
2071 | 18.49 | 14.06 | -4.43 | — | -0.04 | 0.57 | 0.61 | ||
2072 | 18.56 | 14.07 | -4.49 | — | -0.04 | 0.57 | 0.61 | ||
2073 | 18.63 | 14.07 | -4.56 | — | -0.04 | 0.57 | 0.61 | ||
2074 | 18.70 | 14.08 | -4.62 | — | -0.04 | 0.57 | 0.61 | ||
2075 | 18.76 | 14.08 | -4.68 | — | -0.04 | 0.57 | 0.61 | ||
2076 | 18.81 | 14.09 | -4.72 | — | -0.04 | 0.57 | 0.61 | ||
2077 | 18.86 | 14.09 | -4.76 | — | -0.04 | 0.57 | 0.61 | ||
2078 | 18.89 | 14.10 | -4.79 | — | -0.04 | 0.57 | 0.61 | ||
2079 | 18.91 | 14.10 | -4.81 | — | -0.04 | 0.57 | 0.61 | ||
2080 | 18.92 | 14.10 | -4.82 | — | -0.04 | 0.57 | 0.61 | ||
2081 | 18.92 | 14.10 | -4.82 | — | -0.04 | 0.57 | 0.61 | ||
2082 | 18.91 | 14.10 | -4.81 | — | -0.04 | 0.57 | 0.61 | ||
2083 | 18.90 | 14.10 | -4.79 | — | -0.04 | 0.57 | 0.61 | ||
2084 | 18.87 | 14.10 | -4.77 | — | -0.04 | 0.57 | 0.61 | ||
2085 | 18.83 | 14.10 | -4.73 | — | -0.04 | 0.57 | 0.61 | ||
2086 | 18.78 | 14.10 | -4.69 | — | -0.04 | 0.57 | 0.61 | ||
2087 | 18.73 | 14.09 | -4.63 | — | -0.04 | 0.57 | 0.61 | ||
2088 | 18.67 | 14.09 | -4.58 | — | -0.04 | 0.57 | 0.61 | ||
2089 | 18.60 | 14.09 | -4.52 | — | -0.04 | 0.57 | 0.61 | ||
2090 | 18.54 | 14.08 | -4.46 | — | -0.04 | 0.57 | 0.61 | ||
2091 | 18.48 | 14.08 | -4.40 | — | -0.04 | 0.57 | 0.61 | ||
2092 | 18.43 | 14.07 | -4.35 | — | -0.04 | 0.57 | 0.61 | ||
2093 | 18.38 | 14.07 | -4.31 | — | -0.04 | 0.57 | 0.61 | ||
2094 | 18.35 | 14.07 | -4.28 | — | -0.04 | 0.57 | 0.61 | ||
2095 | 18.32 | 14.07 | -4.25 | — | -0.04 | 0.57 | 0.61 | ||
2096 | 18.30 | 14.07 | -4.24 | — | -0.04 | 0.57 | 0.61 | ||
2097 | 18.29 | 14.07 | -4.23 | — | -0.04 | 0.57 | 0.61 | ||
2098 | 18.29 | 14.07 | -4.23 | — | -0.04 | 0.57 | 0.61 | ||
2099 | 18.30 | 14.07 | -4.23 | — | -0.04 | 0.57 | 0.61 | ||
2100 | 18.32 | 14.07 | -4.25 | — | -0.04 | 0.57 | 0.61 |
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 | 17.59% | 14.31% | -3.28% | 2035 | -0.02% | 0.52% | 0.55% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
Based on Intermediate Assumptions of the 2025 Trustees Report.