Detailed Single Year Tables
Description of Proposed Provision:
E2.13: Apply OASDI 12.4 percent payroll tax rate on earnings above $400,000 starting in 2027, and tax all earnings once the current-law taxable maximum exceeds $400,000. Provide benefit credit for earnings above the current-law taxable maximum that are subject to the payroll tax, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings from each year after 2026 that were in excess of that year's current-law taxable maximum; and (2) a formula factor of 2 percent on this newly computed "AIME+".
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 | 14.42 | -1.06 | 131 | 0.00 | 1.33 | 1.33 | ||
| 2028 | 15.59 | 14.54 | -1.04 | 121 | -0.00 | 1.43 | 1.43 | ||
| 2029 | 15.69 | 14.61 | -1.08 | 112 | -0.00 | 1.47 | 1.47 | ||
| 2030 | 15.80 | 14.67 | -1.12 | 104 | -0.00 | 1.52 | 1.52 | ||
| 2031 | 15.91 | 14.74 | -1.17 | 95 | 0.00 | 1.56 | 1.56 | ||
| 2032 | 16.01 | 14.81 | -1.20 | 87 | 0.01 | 1.61 | 1.60 | ||
| 2033 | 15.94 | 14.90 | -1.04 | 79 | -0.13 | 1.66 | 1.79 | ||
| 2034 | 16.13 | 14.97 | -1.16 | 72 | -0.02 | 1.70 | 1.72 | ||
| 2035 | 16.22 | 15.03 | -1.19 | 65 | -0.01 | 1.76 | 1.77 | ||
| 2036 | 16.31 | 15.09 | -1.22 | 58 | -0.01 | 1.81 | 1.82 | ||
| 2037 | 16.40 | 15.16 | -1.24 | 50 | -0.01 | 1.87 | 1.88 | ||
| 2038 | 16.47 | 15.22 | -1.25 | 43 | -0.01 | 1.92 | 1.93 | ||
| 2039 | 16.54 | 15.28 | -1.25 | 36 | -0.02 | 1.97 | 1.99 | ||
| 2040 | 16.59 | 15.35 | -1.24 | 28 | -0.02 | 2.03 | 2.05 | ||
| 2041 | 16.63 | 15.41 | -1.21 | 21 | -0.02 | 2.09 | 2.11 | ||
| 2042 | 16.66 | 15.48 | -1.18 | 14 | -0.02 | 2.16 | 2.18 | ||
| 2043 | 16.69 | 15.55 | -1.13 | 7 | -0.02 | 2.23 | 2.25 | ||
| 2044 | 16.72 | 15.63 | -1.10 | 1 | -0.02 | 2.29 | 2.31 | ||
| 2045 | 16.75 | 15.70 | -1.05 | — | -0.02 | 2.36 | 2.39 | ||
| 2046 | 16.78 | 15.78 | -1.00 | — | -0.02 | 2.44 | 2.46 | ||
| 2047 | 16.82 | 15.85 | -0.96 | — | -0.02 | 2.51 | 2.53 | ||
| 2048 | 16.86 | 15.86 | -1.00 | — | -0.02 | 2.51 | 2.53 | ||
| 2049 | 16.90 | 15.86 | -1.04 | — | -0.02 | 2.51 | 2.53 | ||
| 2050 | 16.95 | 15.87 | -1.08 | — | -0.02 | 2.51 | 2.53 | ||
| 2051 | 17.00 | 15.88 | -1.13 | — | -0.02 | 2.51 | 2.53 | ||
| 2052 | 17.06 | 15.88 | -1.18 | — | -0.02 | 2.52 | 2.53 | ||
| 2053 | 17.13 | 15.89 | -1.24 | — | -0.02 | 2.52 | 2.53 | ||
| 2054 | 17.20 | 15.90 | -1.31 | — | -0.01 | 2.52 | 2.53 | ||
| 2055 | 17.29 | 15.90 | -1.38 | — | -0.01 | 2.52 | 2.53 | ||
| 2056 | 17.38 | 15.91 | -1.46 | — | -0.01 | 2.52 | 2.53 | ||
| 2057 | 17.47 | 15.92 | -1.55 | — | -0.01 | 2.52 | 2.53 | ||
| 2058 | 17.57 | 15.93 | -1.64 | — | -0.00 | 2.52 | 2.52 | ||
| 2059 | 17.66 | 15.94 | -1.72 | — | 0.00 | 2.52 | 2.52 | ||
| 2060 | 17.75 | 15.95 | -1.80 | — | 0.00 | 2.52 | 2.52 | ||
| 2061 | 17.83 | 15.95 | -1.87 | — | 0.01 | 2.52 | 2.52 | ||
| 2062 | 17.91 | 15.96 | -1.94 | — | 0.01 | 2.53 | 2.51 | ||
| 2063 | 17.98 | 15.97 | -2.01 | — | 0.02 | 2.53 | 2.51 | ||
| 2064 | 18.05 | 15.98 | -2.08 | — | 0.02 | 2.53 | 2.51 | ||
| 2065 | 18.12 | 15.98 | -2.14 | — | 0.03 | 2.53 | 2.50 | ||
| 2066 | 18.20 | 15.99 | -2.21 | — | 0.03 | 2.53 | 2.50 | ||
| 2067 | 18.27 | 16.00 | -2.28 | — | 0.03 | 2.53 | 2.50 | ||
| 2068 | 18.35 | 16.00 | -2.34 | — | 0.04 | 2.53 | 2.49 | ||
| 2069 | 18.42 | 16.01 | -2.41 | — | 0.04 | 2.53 | 2.49 | ||
| 2070 | 18.51 | 16.02 | -2.49 | — | 0.05 | 2.53 | 2.48 | ||
| 2071 | 18.58 | 16.02 | -2.56 | — | 0.05 | 2.54 | 2.48 | ||
| 2072 | 18.66 | 16.03 | -2.63 | — | 0.06 | 2.54 | 2.48 | ||
| 2073 | 18.73 | 16.04 | -2.70 | — | 0.06 | 2.54 | 2.47 | ||
| 2074 | 18.81 | 16.05 | -2.76 | — | 0.07 | 2.54 | 2.47 | ||
| 2075 | 18.87 | 16.05 | -2.82 | — | 0.07 | 2.54 | 2.47 | ||
| 2076 | 18.93 | 16.06 | -2.87 | — | 0.08 | 2.54 | 2.46 | ||
| 2077 | 18.97 | 16.06 | -2.91 | — | 0.08 | 2.54 | 2.46 | ||
| 2078 | 19.01 | 16.07 | -2.94 | — | 0.08 | 2.54 | 2.46 | ||
| 2079 | 19.03 | 16.07 | -2.96 | — | 0.09 | 2.54 | 2.46 | ||
| 2080 | 19.05 | 16.07 | -2.97 | — | 0.09 | 2.54 | 2.45 | ||
| 2081 | 19.05 | 16.07 | -2.98 | — | 0.09 | 2.54 | 2.45 | ||
| 2082 | 19.05 | 16.07 | -2.97 | — | 0.09 | 2.55 | 2.45 | ||
| 2083 | 19.03 | 16.07 | -2.96 | — | 0.10 | 2.55 | 2.45 | ||
| 2084 | 19.01 | 16.07 | -2.93 | — | 0.10 | 2.55 | 2.45 | ||
| 2085 | 18.97 | 16.07 | -2.90 | — | 0.10 | 2.55 | 2.45 | ||
| 2086 | 18.92 | 16.07 | -2.85 | — | 0.10 | 2.55 | 2.44 | ||
| 2087 | 18.87 | 16.07 | -2.80 | — | 0.10 | 2.55 | 2.44 | ||
| 2088 | 18.81 | 16.07 | -2.74 | — | 0.11 | 2.55 | 2.44 | ||
| 2089 | 18.75 | 16.06 | -2.69 | — | 0.11 | 2.55 | 2.44 | ||
| 2090 | 18.69 | 16.06 | -2.63 | — | 0.11 | 2.55 | 2.44 | ||
| 2091 | 18.63 | 16.06 | -2.57 | — | 0.11 | 2.55 | 2.44 | ||
| 2092 | 18.57 | 16.05 | -2.52 | — | 0.11 | 2.55 | 2.44 | ||
| 2093 | 18.53 | 16.05 | -2.48 | — | 0.11 | 2.55 | 2.44 | ||
| 2094 | 18.49 | 16.05 | -2.45 | — | 0.11 | 2.55 | 2.44 | ||
| 2095 | 18.47 | 16.05 | -2.42 | — | 0.11 | 2.55 | 2.44 | ||
| 2096 | 18.45 | 16.05 | -2.40 | — | 0.11 | 2.55 | 2.44 | ||
| 2097 | 18.44 | 16.05 | -2.39 | — | 0.11 | 2.55 | 2.44 | ||
| 2098 | 18.44 | 16.05 | -2.39 | — | 0.11 | 2.55 | 2.44 | ||
| 2099 | 18.45 | 16.05 | -2.40 | — | 0.11 | 2.55 | 2.44 | ||
| 2100 | 18.47 | 16.05 | -2.41 | — | 0.11 | 2.56 | 2.44 | ||
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 | 17.64% | 16.02% | -1.61% | 2044 | 0.03% | 2.24% | 2.21% | ||
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.