Detailed Single Year Tables
Description of Proposed Provision:
E3.11: Beginning in 2034, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $604,800 in 2034), with the threshold wage-indexed after 2034. 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 |
|||
| 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 | 13.35 | -2.39 | 7 | 0.00 | 0.21 | 0.21 | ||
| 2035 | 15.77 | 13.38 | -2.39 | — | -0.00 | 0.21 | 0.21 | ||
| 2036 | 15.86 | 13.39 | -2.47 | — | -0.00 | 0.21 | 0.21 | ||
| 2037 | 15.95 | 13.39 | -2.56 | — | -0.00 | 0.21 | 0.21 | ||
| 2038 | 16.04 | 13.40 | -2.64 | — | -0.00 | 0.21 | 0.21 | ||
| 2039 | 16.13 | 13.41 | -2.72 | — | -0.00 | 0.21 | 0.21 | ||
| 2040 | 16.20 | 13.41 | -2.79 | — | -0.00 | 0.21 | 0.21 | ||
| 2041 | 16.27 | 13.42 | -2.86 | — | -0.00 | 0.21 | 0.21 | ||
| 2042 | 16.34 | 13.42 | -2.92 | — | -0.00 | 0.21 | 0.21 | ||
| 2043 | 16.41 | 13.43 | -2.99 | — | -0.00 | 0.21 | 0.22 | ||
| 2044 | 16.49 | 13.43 | -3.06 | — | -0.00 | 0.21 | 0.22 | ||
| 2045 | 16.57 | 13.44 | -3.14 | — | -0.00 | 0.21 | 0.22 | ||
| 2046 | 16.63 | 13.44 | -3.19 | — | -0.00 | 0.21 | 0.22 | ||
| 2047 | 16.70 | 13.44 | -3.25 | — | -0.00 | 0.21 | 0.22 | ||
| 2048 | 16.77 | 13.45 | -3.32 | — | -0.01 | 0.21 | 0.22 | ||
| 2049 | 16.84 | 13.45 | -3.39 | — | -0.01 | 0.21 | 0.22 | ||
| 2050 | 16.92 | 13.46 | -3.46 | — | -0.01 | 0.21 | 0.22 | ||
| 2051 | 17.01 | 13.46 | -3.55 | — | -0.01 | 0.21 | 0.22 | ||
| 2052 | 17.12 | 13.47 | -3.65 | — | -0.01 | 0.21 | 0.22 | ||
| 2053 | 17.23 | 13.48 | -3.75 | — | -0.01 | 0.21 | 0.22 | ||
| 2054 | 17.34 | 13.49 | -3.86 | — | -0.01 | 0.21 | 0.22 | ||
| 2055 | 17.47 | 13.49 | -3.98 | — | -0.01 | 0.21 | 0.22 | ||
| 2056 | 17.60 | 13.50 | -4.10 | — | -0.01 | 0.21 | 0.22 | ||
| 2057 | 17.73 | 13.51 | -4.22 | — | -0.01 | 0.21 | 0.22 | ||
| 2058 | 17.87 | 13.52 | -4.35 | — | -0.01 | 0.21 | 0.22 | ||
| 2059 | 18.01 | 13.53 | -4.48 | — | -0.01 | 0.21 | 0.22 | ||
| 2060 | 18.14 | 13.54 | -4.60 | — | -0.01 | 0.21 | 0.22 | ||
| 2061 | 18.26 | 13.54 | -4.72 | — | -0.01 | 0.21 | 0.22 | ||
| 2062 | 18.39 | 13.55 | -4.83 | — | -0.01 | 0.21 | 0.22 | ||
| 2063 | 18.51 | 13.56 | -4.95 | — | -0.01 | 0.21 | 0.22 | ||
| 2064 | 18.62 | 13.57 | -5.05 | — | -0.01 | 0.21 | 0.22 | ||
| 2065 | 18.73 | 13.57 | -5.16 | — | -0.01 | 0.21 | 0.22 | ||
| 2066 | 18.85 | 13.58 | -5.27 | — | -0.01 | 0.21 | 0.22 | ||
| 2067 | 18.96 | 13.59 | -5.37 | — | -0.01 | 0.21 | 0.22 | ||
| 2068 | 19.08 | 13.60 | -5.48 | — | -0.01 | 0.21 | 0.22 | ||
| 2069 | 19.19 | 13.60 | -5.59 | — | -0.01 | 0.21 | 0.22 | ||
| 2070 | 19.32 | 13.61 | -5.70 | — | -0.01 | 0.21 | 0.22 | ||
| 2071 | 19.43 | 13.62 | -5.82 | — | -0.01 | 0.21 | 0.22 | ||
| 2072 | 19.55 | 13.63 | -5.92 | — | -0.01 | 0.21 | 0.22 | ||
| 2073 | 19.67 | 13.63 | -6.04 | — | -0.01 | 0.21 | 0.22 | ||
| 2074 | 19.78 | 13.64 | -6.14 | — | -0.01 | 0.21 | 0.22 | ||
| 2075 | 19.89 | 13.65 | -6.24 | — | -0.01 | 0.21 | 0.22 | ||
| 2076 | 19.99 | 13.65 | -6.33 | — | -0.01 | 0.21 | 0.22 | ||
| 2077 | 20.08 | 13.66 | -6.42 | — | -0.01 | 0.21 | 0.22 | ||
| 2078 | 20.16 | 13.67 | -6.49 | — | -0.01 | 0.21 | 0.22 | ||
| 2079 | 20.22 | 13.67 | -6.55 | — | -0.01 | 0.21 | 0.22 | ||
| 2080 | 20.28 | 13.67 | -6.61 | — | -0.01 | 0.21 | 0.22 | ||
| 2081 | 20.33 | 13.68 | -6.65 | — | -0.01 | 0.21 | 0.22 | ||
| 2082 | 20.38 | 13.68 | -6.70 | — | -0.01 | 0.21 | 0.22 | ||
| 2083 | 20.41 | 13.68 | -6.73 | — | -0.01 | 0.21 | 0.22 | ||
| 2084 | 20.43 | 13.69 | -6.75 | — | -0.01 | 0.21 | 0.22 | ||
| 2085 | 20.44 | 13.69 | -6.76 | — | -0.01 | 0.21 | 0.22 | ||
| 2086 | 20.44 | 13.69 | -6.75 | — | -0.01 | 0.21 | 0.22 | ||
| 2087 | 20.43 | 13.69 | -6.74 | — | -0.01 | 0.21 | 0.22 | ||
| 2088 | 20.41 | 13.69 | -6.72 | — | -0.01 | 0.21 | 0.22 | ||
| 2089 | 20.38 | 13.68 | -6.69 | — | -0.01 | 0.21 | 0.22 | ||
| 2090 | 20.34 | 13.68 | -6.66 | — | -0.01 | 0.21 | 0.22 | ||
| 2091 | 20.30 | 13.68 | -6.62 | — | -0.01 | 0.21 | 0.22 | ||
| 2092 | 20.26 | 13.68 | -6.58 | — | -0.01 | 0.21 | 0.22 | ||
| 2093 | 20.22 | 13.68 | -6.54 | — | -0.01 | 0.21 | 0.22 | ||
| 2094 | 20.18 | 13.67 | -6.51 | — | -0.01 | 0.21 | 0.22 | ||
| 2095 | 20.14 | 13.67 | -6.47 | — | -0.01 | 0.21 | 0.22 | ||
| 2096 | 20.11 | 13.67 | -6.44 | — | -0.01 | 0.21 | 0.22 | ||
| 2097 | 20.08 | 13.67 | -6.41 | — | -0.01 | 0.21 | 0.22 | ||
| 2098 | 20.05 | 13.67 | -6.38 | — | -0.01 | 0.21 | 0.22 | ||
| 2099 | 20.03 | 13.67 | -6.36 | — | -0.01 | 0.21 | 0.22 | ||
| 2100 | 20.02 | 13.66 | -6.35 | — | -0.01 | 0.21 | 0.22 | ||
| 2101 | 20.01 | 13.66 | -6.35 | — | -0.01 | 0.21 | 0.22 | ||
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 | 18.10% | 13.86% | -4.23% | 2034 | -0.01% | 0.18% | 0.19% | ||
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.