Detailed Single Year Tables
Description of Proposed Provision:
E3.13: Beginning in 2033, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $760,800 in 2033), with the threshold wage-indexed after 2033. Do not provide benefit credit for additional earnings taxed.
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 | 13.41 | -2.66 | 26 | 0.00 | 0.16 | 0.16 | ||
| 2034 | 16.14 | 13.44 | -2.71 | 10 | -0.00 | 0.17 | 0.17 | ||
| 2035 | 16.23 | 13.45 | -2.78 | — | -0.00 | 0.17 | 0.17 | ||
| 2036 | 16.32 | 13.46 | -2.87 | — | -0.00 | 0.17 | 0.17 | ||
| 2037 | 16.41 | 13.47 | -2.95 | — | -0.00 | 0.17 | 0.17 | ||
| 2038 | 16.49 | 13.47 | -3.01 | — | -0.00 | 0.17 | 0.17 | ||
| 2039 | 16.55 | 13.48 | -3.07 | — | -0.00 | 0.17 | 0.17 | ||
| 2040 | 16.60 | 13.49 | -3.12 | — | -0.00 | 0.17 | 0.17 | ||
| 2041 | 16.64 | 13.49 | -3.15 | — | -0.00 | 0.17 | 0.17 | ||
| 2042 | 16.67 | 13.50 | -3.18 | — | -0.00 | 0.17 | 0.17 | ||
| 2043 | 16.71 | 13.50 | -3.21 | — | -0.00 | 0.17 | 0.17 | ||
| 2044 | 16.74 | 13.50 | -3.24 | — | -0.00 | 0.17 | 0.17 | ||
| 2045 | 16.77 | 13.51 | -3.26 | — | -0.00 | 0.17 | 0.18 | ||
| 2046 | 16.80 | 13.51 | -3.29 | — | -0.00 | 0.17 | 0.18 | ||
| 2047 | 16.83 | 13.51 | -3.32 | — | -0.00 | 0.17 | 0.18 | ||
| 2048 | 16.87 | 13.52 | -3.35 | — | -0.00 | 0.17 | 0.18 | ||
| 2049 | 16.92 | 13.52 | -3.40 | — | -0.00 | 0.17 | 0.18 | ||
| 2050 | 16.97 | 13.53 | -3.44 | — | -0.01 | 0.17 | 0.18 | ||
| 2051 | 17.02 | 13.53 | -3.48 | — | -0.01 | 0.17 | 0.18 | ||
| 2052 | 17.07 | 13.54 | -3.54 | — | -0.01 | 0.17 | 0.18 | ||
| 2053 | 17.14 | 13.54 | -3.60 | — | -0.01 | 0.17 | 0.18 | ||
| 2054 | 17.21 | 13.55 | -3.66 | — | -0.01 | 0.17 | 0.18 | ||
| 2055 | 17.29 | 13.56 | -3.74 | — | -0.01 | 0.17 | 0.18 | ||
| 2056 | 17.38 | 13.56 | -3.81 | — | -0.01 | 0.17 | 0.18 | ||
| 2057 | 17.47 | 13.57 | -3.90 | — | -0.01 | 0.17 | 0.18 | ||
| 2058 | 17.56 | 13.58 | -3.98 | — | -0.01 | 0.17 | 0.18 | ||
| 2059 | 17.65 | 13.59 | -4.07 | — | -0.01 | 0.17 | 0.18 | ||
| 2060 | 17.74 | 13.59 | -4.14 | — | -0.01 | 0.17 | 0.18 | ||
| 2061 | 17.81 | 13.60 | -4.21 | — | -0.01 | 0.17 | 0.18 | ||
| 2062 | 17.89 | 13.61 | -4.28 | — | -0.01 | 0.17 | 0.18 | ||
| 2063 | 17.96 | 13.61 | -4.34 | — | -0.01 | 0.17 | 0.18 | ||
| 2064 | 18.02 | 13.62 | -4.40 | — | -0.01 | 0.17 | 0.18 | ||
| 2065 | 18.09 | 13.63 | -4.47 | — | -0.01 | 0.17 | 0.18 | ||
| 2066 | 18.16 | 13.63 | -4.53 | — | -0.01 | 0.17 | 0.18 | ||
| 2067 | 18.23 | 13.64 | -4.59 | — | -0.01 | 0.17 | 0.18 | ||
| 2068 | 18.30 | 13.64 | -4.66 | — | -0.01 | 0.17 | 0.18 | ||
| 2069 | 18.37 | 13.65 | -4.72 | — | -0.01 | 0.17 | 0.18 | ||
| 2070 | 18.45 | 13.66 | -4.79 | — | -0.01 | 0.17 | 0.18 | ||
| 2071 | 18.52 | 13.66 | -4.86 | — | -0.01 | 0.17 | 0.18 | ||
| 2072 | 18.59 | 13.67 | -4.93 | — | -0.01 | 0.17 | 0.18 | ||
| 2073 | 18.66 | 13.67 | -4.99 | — | -0.01 | 0.17 | 0.18 | ||
| 2074 | 18.73 | 13.68 | -5.05 | — | -0.01 | 0.17 | 0.18 | ||
| 2075 | 18.79 | 13.68 | -5.11 | — | -0.01 | 0.17 | 0.18 | ||
| 2076 | 18.84 | 13.69 | -5.16 | — | -0.01 | 0.17 | 0.18 | ||
| 2077 | 18.89 | 13.69 | -5.19 | — | -0.01 | 0.17 | 0.18 | ||
| 2078 | 18.92 | 13.70 | -5.22 | — | -0.01 | 0.17 | 0.18 | ||
| 2079 | 18.94 | 13.70 | -5.24 | — | -0.01 | 0.17 | 0.18 | ||
| 2080 | 18.95 | 13.70 | -5.25 | — | -0.01 | 0.17 | 0.18 | ||
| 2081 | 18.95 | 13.70 | -5.25 | — | -0.01 | 0.17 | 0.18 | ||
| 2082 | 18.94 | 13.70 | -5.24 | — | -0.01 | 0.17 | 0.18 | ||
| 2083 | 18.93 | 13.70 | -5.23 | — | -0.01 | 0.17 | 0.18 | ||
| 2084 | 18.90 | 13.70 | -5.20 | — | -0.01 | 0.17 | 0.18 | ||
| 2085 | 18.86 | 13.70 | -5.17 | — | -0.01 | 0.17 | 0.18 | ||
| 2086 | 18.82 | 13.70 | -5.12 | — | -0.01 | 0.17 | 0.18 | ||
| 2087 | 18.76 | 13.69 | -5.07 | — | -0.01 | 0.17 | 0.18 | ||
| 2088 | 18.70 | 13.69 | -5.01 | — | -0.01 | 0.17 | 0.18 | ||
| 2089 | 18.64 | 13.68 | -4.95 | — | -0.01 | 0.17 | 0.18 | ||
| 2090 | 18.57 | 13.68 | -4.89 | — | -0.01 | 0.17 | 0.18 | ||
| 2091 | 18.51 | 13.68 | -4.84 | — | -0.01 | 0.17 | 0.18 | ||
| 2092 | 18.46 | 13.67 | -4.79 | — | -0.01 | 0.17 | 0.18 | ||
| 2093 | 18.42 | 13.67 | -4.74 | — | -0.01 | 0.17 | 0.18 | ||
| 2094 | 18.38 | 13.67 | -4.71 | — | -0.01 | 0.17 | 0.18 | ||
| 2095 | 18.35 | 13.67 | -4.69 | — | -0.01 | 0.17 | 0.18 | ||
| 2096 | 18.34 | 13.67 | -4.67 | — | -0.01 | 0.17 | 0.18 | ||
| 2097 | 18.33 | 13.67 | -4.66 | — | -0.01 | 0.17 | 0.18 | ||
| 2098 | 18.32 | 13.67 | -4.66 | — | -0.00 | 0.17 | 0.18 | ||
| 2099 | 18.33 | 13.67 | -4.67 | — | -0.00 | 0.17 | 0.18 | ||
| 2100 | 18.35 | 13.67 | -4.68 | — | -0.00 | 0.17 | 0.18 | ||
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 | 17.61% | 13.94% | -3.67% | 2034 | -0.00% | 0.15% | 0.15% | ||
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.