Detailed Single Year Tables
Description of Proposed Provision:
E3.19: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in linearly from 2028-2033). Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from additional annual earnings taxed over the current-law taxable maximum; and (2) a formula factor of 2.5 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 |
|||
| 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 | 13.26 | -2.44 | 111 | 0.00 | 0.25 | 0.25 | ||
| 2029 | 15.74 | 13.53 | -2.21 | 94 | -0.00 | 0.47 | 0.47 | ||
| 2030 | 15.74 | 13.74 | -1.99 | 79 | -0.00 | 0.67 | 0.67 | ||
| 2031 | 15.72 | 13.93 | -1.79 | 65 | -0.00 | 0.84 | 0.84 | ||
| 2032 | 15.72 | 14.08 | -1.64 | 53 | -0.00 | 0.99 | 0.99 | ||
| 2033 | 15.72 | 14.25 | -1.47 | 43 | -0.00 | 1.12 | 1.12 | ||
| 2034 | 15.74 | 14.25 | -1.49 | 34 | -0.00 | 1.11 | 1.11 | ||
| 2035 | 15.77 | 14.26 | -1.50 | 25 | -0.00 | 1.10 | 1.10 | ||
| 2036 | 15.85 | 14.27 | -1.58 | 15 | -0.00 | 1.10 | 1.11 | ||
| 2037 | 15.95 | 14.28 | -1.66 | 6 | -0.01 | 1.10 | 1.11 | ||
| 2038 | 16.04 | 14.29 | -1.75 | — | -0.01 | 1.10 | 1.11 | ||
| 2039 | 16.12 | 14.30 | -1.82 | — | -0.01 | 1.11 | 1.11 | ||
| 2040 | 16.19 | 14.30 | -1.89 | — | -0.01 | 1.11 | 1.12 | ||
| 2041 | 16.26 | 14.31 | -1.95 | — | -0.01 | 1.11 | 1.12 | ||
| 2042 | 16.33 | 14.32 | -2.01 | — | -0.01 | 1.11 | 1.12 | ||
| 2043 | 16.40 | 14.32 | -2.08 | — | -0.01 | 1.11 | 1.12 | ||
| 2044 | 16.48 | 14.33 | -2.15 | — | -0.01 | 1.11 | 1.12 | ||
| 2045 | 16.56 | 14.33 | -2.23 | — | -0.01 | 1.11 | 1.13 | ||
| 2046 | 16.62 | 14.34 | -2.28 | — | -0.01 | 1.11 | 1.13 | ||
| 2047 | 16.69 | 14.35 | -2.34 | — | -0.02 | 1.11 | 1.13 | ||
| 2048 | 16.76 | 14.35 | -2.41 | — | -0.02 | 1.11 | 1.13 | ||
| 2049 | 16.83 | 14.36 | -2.47 | — | -0.02 | 1.12 | 1.13 | ||
| 2050 | 16.91 | 14.36 | -2.55 | — | -0.01 | 1.12 | 1.13 | ||
| 2051 | 17.01 | 14.37 | -2.64 | — | -0.01 | 1.12 | 1.13 | ||
| 2052 | 17.11 | 14.38 | -2.73 | — | -0.01 | 1.12 | 1.13 | ||
| 2053 | 17.22 | 14.39 | -2.84 | — | -0.01 | 1.12 | 1.13 | ||
| 2054 | 17.34 | 14.39 | -2.95 | — | -0.01 | 1.12 | 1.13 | ||
| 2055 | 17.47 | 14.40 | -3.06 | — | -0.01 | 1.12 | 1.13 | ||
| 2056 | 17.60 | 14.41 | -3.19 | — | -0.01 | 1.12 | 1.13 | ||
| 2057 | 17.74 | 14.42 | -3.31 | — | -0.01 | 1.13 | 1.13 | ||
| 2058 | 17.87 | 14.43 | -3.44 | — | -0.01 | 1.13 | 1.13 | ||
| 2059 | 18.01 | 14.44 | -3.57 | — | -0.00 | 1.13 | 1.13 | ||
| 2060 | 18.14 | 14.45 | -3.69 | — | -0.00 | 1.13 | 1.13 | ||
| 2061 | 18.27 | 14.46 | -3.81 | — | -0.00 | 1.13 | 1.13 | ||
| 2062 | 18.40 | 14.47 | -3.93 | — | 0.00 | 1.13 | 1.13 | ||
| 2063 | 18.52 | 14.48 | -4.04 | — | 0.00 | 1.13 | 1.13 | ||
| 2064 | 18.64 | 14.49 | -4.15 | — | 0.01 | 1.13 | 1.13 | ||
| 2065 | 18.75 | 14.50 | -4.26 | — | 0.01 | 1.13 | 1.12 | ||
| 2066 | 18.87 | 14.50 | -4.37 | — | 0.01 | 1.13 | 1.12 | ||
| 2067 | 18.99 | 14.51 | -4.47 | — | 0.02 | 1.14 | 1.12 | ||
| 2068 | 19.11 | 14.52 | -4.58 | — | 0.02 | 1.14 | 1.12 | ||
| 2069 | 19.23 | 14.53 | -4.70 | — | 0.02 | 1.14 | 1.12 | ||
| 2070 | 19.35 | 14.54 | -4.81 | — | 0.02 | 1.14 | 1.11 | ||
| 2071 | 19.47 | 14.55 | -4.92 | — | 0.03 | 1.14 | 1.11 | ||
| 2072 | 19.59 | 14.56 | -5.04 | — | 0.03 | 1.14 | 1.11 | ||
| 2073 | 19.71 | 14.56 | -5.15 | — | 0.03 | 1.14 | 1.11 | ||
| 2074 | 19.83 | 14.57 | -5.26 | — | 0.04 | 1.14 | 1.11 | ||
| 2075 | 19.94 | 14.58 | -5.36 | — | 0.04 | 1.14 | 1.11 | ||
| 2076 | 20.04 | 14.59 | -5.45 | — | 0.04 | 1.15 | 1.10 | ||
| 2077 | 20.13 | 14.59 | -5.53 | — | 0.04 | 1.15 | 1.10 | ||
| 2078 | 20.21 | 14.60 | -5.61 | — | 0.05 | 1.15 | 1.10 | ||
| 2079 | 20.28 | 14.61 | -5.67 | — | 0.05 | 1.15 | 1.10 | ||
| 2080 | 20.34 | 14.61 | -5.73 | — | 0.05 | 1.15 | 1.10 | ||
| 2081 | 20.39 | 14.62 | -5.78 | — | 0.05 | 1.15 | 1.10 | ||
| 2082 | 20.44 | 14.62 | -5.82 | — | 0.05 | 1.15 | 1.10 | ||
| 2083 | 20.47 | 14.62 | -5.85 | — | 0.05 | 1.15 | 1.10 | ||
| 2084 | 20.50 | 14.63 | -5.87 | — | 0.06 | 1.15 | 1.10 | ||
| 2085 | 20.51 | 14.63 | -5.88 | — | 0.06 | 1.15 | 1.10 | ||
| 2086 | 20.51 | 14.63 | -5.88 | — | 0.06 | 1.15 | 1.10 | ||
| 2087 | 20.50 | 14.63 | -5.87 | — | 0.06 | 1.16 | 1.10 | ||
| 2088 | 20.47 | 14.63 | -5.85 | — | 0.06 | 1.16 | 1.10 | ||
| 2089 | 20.45 | 14.63 | -5.82 | — | 0.06 | 1.16 | 1.10 | ||
| 2090 | 20.41 | 14.63 | -5.78 | — | 0.06 | 1.16 | 1.10 | ||
| 2091 | 20.37 | 14.63 | -5.74 | — | 0.06 | 1.16 | 1.10 | ||
| 2092 | 20.33 | 14.62 | -5.71 | — | 0.06 | 1.16 | 1.10 | ||
| 2093 | 20.29 | 14.62 | -5.67 | — | 0.06 | 1.16 | 1.10 | ||
| 2094 | 20.25 | 14.62 | -5.63 | — | 0.06 | 1.16 | 1.10 | ||
| 2095 | 20.21 | 14.62 | -5.59 | — | 0.06 | 1.16 | 1.10 | ||
| 2096 | 20.18 | 14.62 | -5.56 | — | 0.06 | 1.16 | 1.10 | ||
| 2097 | 20.15 | 14.62 | -5.53 | — | 0.06 | 1.16 | 1.10 | ||
| 2098 | 20.12 | 14.62 | -5.50 | — | 0.06 | 1.16 | 1.10 | ||
| 2099 | 20.10 | 14.62 | -5.48 | — | 0.06 | 1.17 | 1.10 | ||
| 2100 | 20.09 | 14.62 | -5.47 | — | 0.06 | 1.17 | 1.10 | ||
| 2101 | 20.08 | 14.62 | -5.46 | — | 0.06 | 1.17 | 1.10 | ||
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 | 18.12% | 14.73% | -3.38% | 2037 | 0.01% | 1.06% | 1.04% | ||
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.