Detailed Single Year Tables
Description of Proposed Provision:
E1.9: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2029-2052, until the rate reaches 14.8 percent in 2052 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 | 13.23 | -2.46 | 95 | 0.00 | 0.09 | 0.09 | ||
| 2030 | 15.80 | 13.34 | -2.45 | 78 | 0.00 | 0.19 | 0.19 | ||
| 2031 | 15.91 | 13.47 | -2.44 | 62 | 0.00 | 0.28 | 0.28 | ||
| 2032 | 16.00 | 13.58 | -2.42 | 46 | 0.00 | 0.38 | 0.38 | ||
| 2033 | 16.04 | 13.72 | -2.32 | 31 | -0.03 | 0.47 | 0.50 | ||
| 2034 | 16.14 | 13.83 | -2.31 | 17 | -0.00 | 0.57 | 0.57 | ||
| 2035 | 16.23 | 13.94 | -2.29 | 3 | -0.00 | 0.66 | 0.67 | ||
| 2036 | 16.32 | 14.05 | -2.28 | — | -0.00 | 0.76 | 0.76 | ||
| 2037 | 16.41 | 14.15 | -2.26 | — | -0.00 | 0.85 | 0.86 | ||
| 2038 | 16.48 | 14.25 | -2.23 | — | -0.01 | 0.95 | 0.96 | ||
| 2039 | 16.55 | 14.35 | -2.19 | — | -0.01 | 1.04 | 1.05 | ||
| 2040 | 16.60 | 14.46 | -2.14 | — | -0.01 | 1.14 | 1.15 | ||
| 2041 | 16.63 | 14.56 | -2.08 | — | -0.01 | 1.23 | 1.25 | ||
| 2042 | 16.66 | 14.65 | -2.01 | — | -0.01 | 1.33 | 1.34 | ||
| 2043 | 16.69 | 14.75 | -1.94 | — | -0.02 | 1.42 | 1.44 | ||
| 2044 | 16.72 | 14.85 | -1.87 | — | -0.02 | 1.52 | 1.54 | ||
| 2045 | 16.75 | 14.95 | -1.80 | — | -0.02 | 1.61 | 1.64 | ||
| 2046 | 16.78 | 15.05 | -1.73 | — | -0.02 | 1.71 | 1.73 | ||
| 2047 | 16.81 | 15.15 | -1.66 | — | -0.03 | 1.80 | 1.83 | ||
| 2048 | 16.85 | 15.24 | -1.60 | — | -0.03 | 1.90 | 1.93 | ||
| 2049 | 16.89 | 15.34 | -1.54 | — | -0.04 | 1.99 | 2.03 | ||
| 2050 | 16.93 | 15.44 | -1.49 | — | -0.04 | 2.09 | 2.13 | ||
| 2051 | 16.98 | 15.54 | -1.43 | — | -0.04 | 2.18 | 2.22 | ||
| 2052 | 17.03 | 15.64 | -1.39 | — | -0.05 | 2.27 | 2.32 | ||
| 2053 | 17.09 | 15.65 | -1.44 | — | -0.05 | 2.28 | 2.33 | ||
| 2054 | 17.16 | 15.66 | -1.50 | — | -0.06 | 2.28 | 2.34 | ||
| 2055 | 17.24 | 15.66 | -1.57 | — | -0.06 | 2.28 | 2.34 | ||
| 2056 | 17.32 | 15.67 | -1.64 | — | -0.07 | 2.28 | 2.35 | ||
| 2057 | 17.40 | 15.68 | -1.72 | — | -0.07 | 2.28 | 2.35 | ||
| 2058 | 17.49 | 15.69 | -1.81 | — | -0.08 | 2.28 | 2.36 | ||
| 2059 | 17.58 | 15.69 | -1.88 | — | -0.08 | 2.28 | 2.36 | ||
| 2060 | 17.65 | 15.70 | -1.95 | — | -0.09 | 2.28 | 2.37 | ||
| 2061 | 17.72 | 15.71 | -2.02 | — | -0.09 | 2.28 | 2.37 | ||
| 2062 | 17.79 | 15.71 | -2.08 | — | -0.10 | 2.28 | 2.38 | ||
| 2063 | 17.86 | 15.72 | -2.14 | — | -0.10 | 2.28 | 2.38 | ||
| 2064 | 17.92 | 15.72 | -2.20 | — | -0.11 | 2.28 | 2.38 | ||
| 2065 | 17.99 | 15.73 | -2.26 | — | -0.11 | 2.28 | 2.39 | ||
| 2066 | 18.05 | 15.74 | -2.32 | — | -0.12 | 2.28 | 2.39 | ||
| 2067 | 18.12 | 15.74 | -2.38 | — | -0.12 | 2.28 | 2.40 | ||
| 2068 | 18.18 | 15.75 | -2.44 | — | -0.12 | 2.28 | 2.40 | ||
| 2069 | 18.25 | 15.75 | -2.50 | — | -0.13 | 2.28 | 2.40 | ||
| 2070 | 18.33 | 15.76 | -2.57 | — | -0.13 | 2.28 | 2.40 | ||
| 2071 | 18.40 | 15.77 | -2.63 | — | -0.13 | 2.28 | 2.41 | ||
| 2072 | 18.47 | 15.77 | -2.69 | — | -0.13 | 2.28 | 2.41 | ||
| 2073 | 18.54 | 15.78 | -2.76 | — | -0.14 | 2.28 | 2.41 | ||
| 2074 | 18.60 | 15.78 | -2.82 | — | -0.14 | 2.28 | 2.41 | ||
| 2075 | 18.66 | 15.79 | -2.87 | — | -0.14 | 2.28 | 2.42 | ||
| 2076 | 18.71 | 15.79 | -2.92 | — | -0.14 | 2.28 | 2.42 | ||
| 2077 | 18.75 | 15.80 | -2.95 | — | -0.14 | 2.28 | 2.42 | ||
| 2078 | 18.78 | 15.80 | -2.98 | — | -0.15 | 2.28 | 2.42 | ||
| 2079 | 18.80 | 15.80 | -3.00 | — | -0.15 | 2.28 | 2.42 | ||
| 2080 | 18.81 | 15.80 | -3.01 | — | -0.15 | 2.28 | 2.42 | ||
| 2081 | 18.81 | 15.80 | -3.01 | — | -0.15 | 2.28 | 2.42 | ||
| 2082 | 18.80 | 15.80 | -3.00 | — | -0.15 | 2.28 | 2.42 | ||
| 2083 | 18.79 | 15.80 | -2.98 | — | -0.15 | 2.28 | 2.42 | ||
| 2084 | 18.76 | 15.80 | -2.95 | — | -0.15 | 2.28 | 2.42 | ||
| 2085 | 18.72 | 15.80 | -2.92 | — | -0.15 | 2.28 | 2.43 | ||
| 2086 | 18.67 | 15.80 | -2.87 | — | -0.15 | 2.28 | 2.42 | ||
| 2087 | 18.62 | 15.80 | -2.82 | — | -0.15 | 2.28 | 2.42 | ||
| 2088 | 18.56 | 15.79 | -2.76 | — | -0.15 | 2.28 | 2.42 | ||
| 2089 | 18.49 | 15.79 | -2.70 | — | -0.15 | 2.28 | 2.42 | ||
| 2090 | 18.43 | 15.79 | -2.65 | — | -0.15 | 2.28 | 2.42 | ||
| 2091 | 18.37 | 15.78 | -2.59 | — | -0.15 | 2.28 | 2.42 | ||
| 2092 | 18.32 | 15.78 | -2.54 | — | -0.15 | 2.28 | 2.42 | ||
| 2093 | 18.27 | 15.78 | -2.50 | — | -0.15 | 2.28 | 2.42 | ||
| 2094 | 18.24 | 15.77 | -2.47 | — | -0.15 | 2.28 | 2.42 | ||
| 2095 | 18.21 | 15.77 | -2.44 | — | -0.15 | 2.28 | 2.42 | ||
| 2096 | 18.20 | 15.77 | -2.42 | — | -0.15 | 2.28 | 2.42 | ||
| 2097 | 18.18 | 15.77 | -2.41 | — | -0.15 | 2.28 | 2.42 | ||
| 2098 | 18.18 | 15.77 | -2.41 | — | -0.15 | 2.28 | 2.42 | ||
| 2099 | 18.19 | 15.77 | -2.42 | — | -0.15 | 2.28 | 2.42 | ||
| 2100 | 18.21 | 15.77 | -2.43 | — | -0.15 | 2.28 | 2.42 | ||
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 | 17.54% | 15.50% | -2.04% | 2035 | -0.08% | 1.71% | 1.78% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
|||||||||
Based on Intermediate Assumptions of the 2025 Trustees Report.