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 |
|||
| 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 | 13.18 | -2.73 | 60 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 16.00 | 13.20 | -2.80 | 43 | 0.00 | 0.00 | 0.00 | ||
| 2033 | 16.07 | 13.24 | -2.83 | 26 | 0.00 | 0.00 | 0.00 | ||
| 2034 | 16.15 | 16.62 | 0.47 | 9 | 0.00 | 3.35 | 3.35 | ||
| 2035 | 16.22 | 16.78 | 0.56 | 11 | -0.01 | 3.50 | 3.51 | ||
| 2036 | 16.31 | 16.79 | 0.47 | 15 | -0.01 | 3.50 | 3.51 | ||
| 2037 | 16.40 | 16.80 | 0.39 | 18 | -0.01 | 3.50 | 3.51 | ||
| 2038 | 16.47 | 16.80 | 0.33 | 20 | -0.01 | 3.50 | 3.51 | ||
| 2039 | 16.53 | 16.81 | 0.28 | 22 | -0.02 | 3.50 | 3.52 | ||
| 2040 | 16.58 | 16.82 | 0.23 | 24 | -0.02 | 3.50 | 3.52 | ||
| 2041 | 16.62 | 16.82 | 0.20 | 25 | -0.03 | 3.50 | 3.53 | ||
| 2042 | 16.64 | 16.82 | 0.18 | 27 | -0.04 | 3.50 | 3.54 | ||
| 2043 | 16.66 | 16.83 | 0.16 | 28 | -0.05 | 3.50 | 3.55 | ||
| 2044 | 16.69 | 16.83 | 0.14 | 29 | -0.05 | 3.50 | 3.55 | ||
| 2045 | 16.71 | 16.83 | 0.12 | 30 | -0.06 | 3.50 | 3.56 | ||
| 2046 | 16.73 | 16.84 | 0.11 | 31 | -0.07 | 3.50 | 3.57 | ||
| 2047 | 16.75 | 16.84 | 0.09 | 32 | -0.08 | 3.50 | 3.58 | ||
| 2048 | 16.79 | 16.85 | 0.06 | 33 | -0.09 | 3.50 | 3.59 | ||
| 2049 | 16.82 | 16.85 | 0.03 | 34 | -0.10 | 3.50 | 3.60 | ||
| 2050 | 16.86 | 16.85 | -0.01 | 34 | -0.11 | 3.50 | 3.61 | ||
| 2051 | 16.90 | 16.86 | -0.04 | 34 | -0.12 | 3.50 | 3.62 | ||
| 2052 | 16.95 | 16.86 | -0.09 | 34 | -0.13 | 3.50 | 3.62 | ||
| 2053 | 17.01 | 16.87 | -0.14 | 34 | -0.14 | 3.50 | 3.63 | ||
| 2054 | 17.07 | 16.87 | -0.20 | 34 | -0.14 | 3.50 | 3.64 | ||
| 2055 | 17.15 | 16.88 | -0.27 | 33 | -0.15 | 3.50 | 3.65 | ||
| 2056 | 17.23 | 16.89 | -0.34 | 32 | -0.16 | 3.50 | 3.65 | ||
| 2057 | 17.31 | 16.90 | -0.41 | 30 | -0.17 | 3.49 | 3.66 | ||
| 2058 | 17.40 | 16.90 | -0.49 | 28 | -0.17 | 3.49 | 3.67 | ||
| 2059 | 17.48 | 16.91 | -0.57 | 25 | -0.18 | 3.49 | 3.67 | ||
| 2060 | 17.56 | 16.92 | -0.64 | 22 | -0.19 | 3.49 | 3.68 | ||
| 2061 | 17.63 | 16.92 | -0.70 | 19 | -0.19 | 3.49 | 3.69 | ||
| 2062 | 17.70 | 16.93 | -0.77 | 15 | -0.20 | 3.49 | 3.69 | ||
| 2063 | 17.76 | 16.94 | -0.83 | 11 | -0.20 | 3.49 | 3.70 | ||
| 2064 | 17.82 | 20.22 | 2.40 | 7 | -0.21 | 6.78 | 6.98 | ||
| 2065 | 17.88 | 20.38 | 2.49 | 20 | -0.21 | 6.92 | 7.14 | ||
| 2066 | 17.95 | 20.38 | 2.43 | 34 | -0.22 | 6.92 | 7.14 | ||
| 2067 | 18.01 | 20.39 | 2.38 | 48 | -0.23 | 6.92 | 7.15 | ||
| 2068 | 18.08 | 20.39 | 2.32 | 61 | -0.23 | 6.92 | 7.15 | ||
| 2069 | 18.14 | 20.40 | 2.26 | 74 | -0.24 | 6.92 | 7.16 | ||
| 2070 | 18.21 | 20.41 | 2.20 | 87 | -0.25 | 6.92 | 7.17 | ||
| 2071 | 18.27 | 20.41 | 2.14 | 99 | -0.25 | 6.92 | 7.18 | ||
| 2072 | 18.34 | 20.42 | 2.08 | 112 | -0.26 | 6.92 | 7.19 | ||
| 2073 | 18.40 | 20.42 | 2.03 | 124 | -0.27 | 6.92 | 7.20 | ||
| 2074 | 18.46 | 20.43 | 1.97 | 135 | -0.28 | 6.92 | 7.21 | ||
| 2075 | 18.51 | 20.43 | 1.93 | 147 | -0.29 | 6.92 | 7.22 | ||
| 2076 | 18.55 | 20.44 | 1.89 | 158 | -0.31 | 6.92 | 7.23 | ||
| 2077 | 18.58 | 20.44 | 1.86 | 170 | -0.31 | 6.92 | 7.24 | ||
| 2078 | 18.60 | 20.45 | 1.84 | 181 | -0.32 | 6.92 | 7.25 | ||
| 2079 | 18.61 | 20.45 | 1.83 | 192 | -0.33 | 6.92 | 7.25 | ||
| 2080 | 18.61 | 20.45 | 1.83 | 204 | -0.34 | 6.92 | 7.26 | ||
| 2081 | 18.61 | 20.45 | 1.84 | 216 | -0.35 | 6.92 | 7.27 | ||
| 2082 | 18.59 | 20.45 | 1.86 | 228 | -0.36 | 6.92 | 7.28 | ||
| 2083 | 18.57 | 20.45 | 1.88 | 240 | -0.36 | 6.92 | 7.28 | ||
| 2084 | 18.54 | 20.45 | 1.91 | 252 | -0.37 | 6.92 | 7.29 | ||
| 2085 | 18.49 | 20.45 | 1.95 | 265 | -0.38 | 6.92 | 7.30 | ||
| 2086 | 18.44 | 20.44 | 2.00 | 279 | -0.38 | 6.92 | 7.30 | ||
| 2087 | 18.38 | 20.44 | 2.06 | 293 | -0.39 | 6.92 | 7.31 | ||
| 2088 | 18.31 | 20.44 | 2.12 | 307 | -0.39 | 6.92 | 7.31 | ||
| 2089 | 18.25 | 20.43 | 2.19 | 323 | -0.40 | 6.92 | 7.32 | ||
| 2090 | 18.18 | 20.43 | 2.25 | 338 | -0.40 | 6.92 | 7.32 | ||
| 2091 | 18.11 | 20.43 | 2.31 | 354 | -0.40 | 6.92 | 7.32 | ||
| 2092 | 18.06 | 20.42 | 2.36 | 371 | -0.41 | 6.92 | 7.33 | ||
| 2093 | 18.01 | 20.42 | 2.41 | 388 | -0.41 | 6.92 | 7.33 | ||
| 2094 | 17.97 | 20.42 | 2.45 | 405 | -0.41 | 6.92 | 7.33 | ||
| 2095 | 17.94 | 20.42 | 2.47 | 422 | -0.42 | 6.92 | 7.34 | ||
| 2096 | 17.92 | 20.42 | 2.49 | 440 | -0.42 | 6.92 | 7.34 | ||
| 2097 | 17.91 | 20.42 | 2.51 | 458 | -0.42 | 6.92 | 7.34 | ||
| 2098 | 17.91 | 20.42 | 2.51 | 475 | -0.42 | 6.92 | 7.35 | ||
| 2099 | 17.91 | 20.42 | 2.50 | 493 | -0.43 | 6.92 | 7.35 | ||
| 2100 | 17.93 | 20.42 | 2.49 | 510 | -0.43 | 6.92 | 7.35 | ||
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 | 17.43% | 18.16% | 0.73% | N/A | -0.18% | 4.37% | 4.55% | ||
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.