Detailed Single Year Tables
Description of Proposed Provision:
E2.11: Eliminate the taxable maximum in years 2031 and later. Phase in elimination by taxing all earnings above the current-law taxable maximum at: 2.48 percent in 2027, 4.96 percent in 2028, and so on, up to 12.40 percent in 2031. 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 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 |
|||
| 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 | 13.58 | -1.89 | 131 | 0.00 | 0.50 | 0.50 | ||
| 2028 | 15.59 | 14.12 | -1.47 | 116 | -0.00 | 1.01 | 1.01 | ||
| 2029 | 15.69 | 14.65 | -1.04 | 105 | -0.00 | 1.51 | 1.51 | ||
| 2030 | 15.80 | 15.16 | -0.64 | 96 | 0.00 | 2.00 | 2.00 | ||
| 2031 | 15.92 | 15.67 | -0.25 | 91 | 0.00 | 2.48 | 2.48 | ||
| 2032 | 16.02 | 15.70 | -0.31 | 88 | 0.01 | 2.50 | 2.49 | ||
| 2033 | 15.87 | 15.75 | -0.12 | 86 | -0.20 | 2.50 | 2.70 | ||
| 2034 | 16.13 | 15.77 | -0.36 | 84 | -0.01 | 2.51 | 2.52 | ||
| 2035 | 16.23 | 15.78 | -0.44 | 82 | -0.01 | 2.51 | 2.51 | ||
| 2036 | 16.32 | 15.79 | -0.53 | 79 | -0.00 | 2.51 | 2.51 | ||
| 2037 | 16.42 | 15.80 | -0.61 | 76 | 0.00 | 2.51 | 2.51 | ||
| 2038 | 16.49 | 15.81 | -0.68 | 72 | 0.00 | 2.51 | 2.50 | ||
| 2039 | 16.56 | 15.82 | -0.74 | 69 | 0.01 | 2.51 | 2.50 | ||
| 2040 | 16.61 | 15.83 | -0.79 | 65 | 0.01 | 2.51 | 2.50 | ||
| 2041 | 16.66 | 15.83 | -0.82 | 60 | 0.01 | 2.51 | 2.50 | ||
| 2042 | 16.69 | 15.84 | -0.85 | 56 | 0.01 | 2.51 | 2.50 | ||
| 2043 | 16.73 | 15.84 | -0.88 | 51 | 0.02 | 2.51 | 2.50 | ||
| 2044 | 16.76 | 15.85 | -0.92 | 46 | 0.02 | 2.51 | 2.49 | ||
| 2045 | 16.80 | 15.85 | -0.95 | 41 | 0.03 | 2.52 | 2.49 | ||
| 2046 | 16.84 | 15.86 | -0.98 | 36 | 0.03 | 2.52 | 2.48 | ||
| 2047 | 16.88 | 15.86 | -1.01 | 30 | 0.04 | 2.52 | 2.48 | ||
| 2048 | 16.92 | 15.87 | -1.06 | 25 | 0.05 | 2.52 | 2.47 | ||
| 2049 | 16.98 | 15.87 | -1.10 | 19 | 0.05 | 2.52 | 2.47 | ||
| 2050 | 17.03 | 15.88 | -1.15 | 13 | 0.06 | 2.52 | 2.46 | ||
| 2051 | 17.09 | 15.89 | -1.21 | 6 | 0.07 | 2.53 | 2.45 | ||
| 2052 | 17.16 | 15.89 | -1.27 | — | 0.08 | 2.53 | 2.45 | ||
| 2053 | 17.24 | 15.90 | -1.33 | — | 0.09 | 2.53 | 2.44 | ||
| 2054 | 17.32 | 15.91 | -1.41 | — | 0.10 | 2.53 | 2.43 | ||
| 2055 | 17.41 | 15.92 | -1.49 | — | 0.11 | 2.53 | 2.42 | ||
| 2056 | 17.51 | 15.93 | -1.58 | — | 0.12 | 2.54 | 2.41 | ||
| 2057 | 17.61 | 15.94 | -1.67 | — | 0.13 | 2.54 | 2.40 | ||
| 2058 | 17.72 | 15.95 | -1.77 | — | 0.15 | 2.54 | 2.39 | ||
| 2059 | 17.82 | 15.96 | -1.86 | — | 0.16 | 2.54 | 2.38 | ||
| 2060 | 17.91 | 15.97 | -1.95 | — | 0.17 | 2.54 | 2.37 | ||
| 2061 | 18.00 | 15.97 | -2.03 | — | 0.18 | 2.55 | 2.36 | ||
| 2062 | 18.09 | 15.98 | -2.10 | — | 0.19 | 2.55 | 2.35 | ||
| 2063 | 18.17 | 15.99 | -2.18 | — | 0.21 | 2.55 | 2.34 | ||
| 2064 | 18.25 | 16.00 | -2.25 | — | 0.22 | 2.55 | 2.33 | ||
| 2065 | 18.33 | 16.01 | -2.32 | — | 0.23 | 2.55 | 2.32 | ||
| 2066 | 18.41 | 16.01 | -2.39 | — | 0.24 | 2.55 | 2.31 | ||
| 2067 | 18.49 | 16.02 | -2.47 | — | 0.25 | 2.56 | 2.30 | ||
| 2068 | 18.57 | 16.03 | -2.54 | — | 0.26 | 2.56 | 2.29 | ||
| 2069 | 18.66 | 16.04 | -2.62 | — | 0.28 | 2.56 | 2.28 | ||
| 2070 | 18.74 | 16.05 | -2.70 | — | 0.29 | 2.56 | 2.27 | ||
| 2071 | 18.83 | 16.05 | -2.77 | — | 0.30 | 2.56 | 2.27 | ||
| 2072 | 18.91 | 16.06 | -2.85 | — | 0.31 | 2.57 | 2.26 | ||
| 2073 | 18.99 | 16.07 | -2.92 | — | 0.32 | 2.57 | 2.25 | ||
| 2074 | 19.07 | 16.08 | -2.99 | — | 0.33 | 2.57 | 2.24 | ||
| 2075 | 19.14 | 16.08 | -3.06 | — | 0.34 | 2.57 | 2.23 | ||
| 2076 | 19.20 | 16.09 | -3.11 | — | 0.35 | 2.57 | 2.23 | ||
| 2077 | 19.25 | 16.09 | -3.15 | — | 0.35 | 2.57 | 2.22 | ||
| 2078 | 19.29 | 16.10 | -3.19 | — | 0.36 | 2.57 | 2.21 | ||
| 2079 | 19.31 | 16.10 | -3.21 | — | 0.37 | 2.58 | 2.21 | ||
| 2080 | 19.33 | 16.10 | -3.22 | — | 0.37 | 2.58 | 2.20 | ||
| 2081 | 19.34 | 16.11 | -3.23 | — | 0.38 | 2.58 | 2.20 | ||
| 2082 | 19.33 | 16.11 | -3.22 | — | 0.38 | 2.58 | 2.20 | ||
| 2083 | 19.32 | 16.11 | -3.21 | — | 0.39 | 2.58 | 2.19 | ||
| 2084 | 19.30 | 16.11 | -3.19 | — | 0.39 | 2.58 | 2.19 | ||
| 2085 | 19.26 | 16.11 | -3.15 | — | 0.39 | 2.58 | 2.19 | ||
| 2086 | 19.21 | 16.11 | -3.11 | — | 0.39 | 2.58 | 2.19 | ||
| 2087 | 19.16 | 16.10 | -3.06 | — | 0.39 | 2.58 | 2.19 | ||
| 2088 | 19.10 | 16.10 | -3.00 | — | 0.39 | 2.58 | 2.19 | ||
| 2089 | 19.04 | 16.10 | -2.94 | — | 0.39 | 2.58 | 2.19 | ||
| 2090 | 18.97 | 16.09 | -2.88 | — | 0.39 | 2.58 | 2.19 | ||
| 2091 | 18.91 | 16.09 | -2.82 | — | 0.39 | 2.58 | 2.19 | ||
| 2092 | 18.86 | 16.09 | -2.77 | — | 0.39 | 2.58 | 2.19 | ||
| 2093 | 18.81 | 16.08 | -2.73 | — | 0.39 | 2.59 | 2.19 | ||
| 2094 | 18.78 | 16.08 | -2.70 | — | 0.39 | 2.59 | 2.19 | ||
| 2095 | 18.75 | 16.08 | -2.67 | — | 0.39 | 2.59 | 2.19 | ||
| 2096 | 18.74 | 16.08 | -2.65 | — | 0.39 | 2.59 | 2.19 | ||
| 2097 | 18.72 | 16.08 | -2.64 | — | 0.39 | 2.59 | 2.19 | ||
| 2098 | 18.72 | 16.08 | -2.64 | — | 0.39 | 2.59 | 2.19 | ||
| 2099 | 18.73 | 16.08 | -2.65 | — | 0.40 | 2.59 | 2.19 | ||
| 2100 | 18.75 | 16.08 | -2.66 | — | 0.40 | 2.59 | 2.19 | ||
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 | 17.78% | 16.17% | -1.61% | 2051 | 0.17% | 2.39% | 2.22% | ||
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.