Detailed Single Year Tables
Description of Proposed Provision:
E3.2: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2026-2035). 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 | 13.18 | -2.10 | 149 | 0.00 | 0.15 | 0.15 | ||
| 2027 | 15.48 | 13.38 | -2.10 | 132 | -0.00 | 0.29 | 0.29 | ||
| 2028 | 15.59 | 13.53 | -2.05 | 116 | -0.00 | 0.42 | 0.42 | ||
| 2029 | 15.69 | 13.68 | -2.01 | 101 | -0.00 | 0.55 | 0.55 | ||
| 2030 | 15.80 | 13.81 | -1.99 | 86 | -0.00 | 0.65 | 0.65 | ||
| 2031 | 15.91 | 13.94 | -1.97 | 73 | -0.00 | 0.76 | 0.76 | ||
| 2032 | 16.00 | 14.05 | -1.95 | 60 | 0.00 | 0.85 | 0.85 | ||
| 2033 | 16.00 | 14.18 | -1.82 | 48 | -0.07 | 0.94 | 1.01 | ||
| 2034 | 16.13 | 14.29 | -1.85 | 36 | -0.01 | 1.02 | 1.03 | ||
| 2035 | 16.22 | 14.37 | -1.85 | 25 | -0.01 | 1.10 | 1.11 | ||
| 2036 | 16.31 | 14.39 | -1.93 | 14 | -0.01 | 1.10 | 1.11 | ||
| 2037 | 16.40 | 14.40 | -2.00 | 2 | -0.01 | 1.10 | 1.12 | ||
| 2038 | 16.48 | 14.41 | -2.07 | — | -0.01 | 1.10 | 1.12 | ||
| 2039 | 16.54 | 14.42 | -2.12 | — | -0.01 | 1.11 | 1.12 | ||
| 2040 | 16.59 | 14.42 | -2.17 | — | -0.02 | 1.11 | 1.12 | ||
| 2041 | 16.63 | 14.43 | -2.20 | — | -0.02 | 1.11 | 1.13 | ||
| 2042 | 16.66 | 14.43 | -2.22 | — | -0.02 | 1.11 | 1.13 | ||
| 2043 | 16.69 | 14.44 | -2.25 | — | -0.02 | 1.11 | 1.13 | ||
| 2044 | 16.72 | 14.44 | -2.28 | — | -0.02 | 1.11 | 1.14 | ||
| 2045 | 16.75 | 14.45 | -2.30 | — | -0.03 | 1.11 | 1.14 | ||
| 2046 | 16.77 | 14.45 | -2.32 | — | -0.03 | 1.11 | 1.14 | ||
| 2047 | 16.81 | 14.46 | -2.35 | — | -0.03 | 1.11 | 1.14 | ||
| 2048 | 16.85 | 14.46 | -2.38 | — | -0.03 | 1.11 | 1.15 | ||
| 2049 | 16.89 | 14.47 | -2.42 | — | -0.03 | 1.12 | 1.15 | ||
| 2050 | 16.94 | 14.47 | -2.46 | — | -0.04 | 1.12 | 1.15 | ||
| 2051 | 16.98 | 14.48 | -2.51 | — | -0.04 | 1.12 | 1.15 | ||
| 2052 | 17.04 | 14.48 | -2.56 | — | -0.04 | 1.12 | 1.16 | ||
| 2053 | 17.11 | 14.49 | -2.61 | — | -0.04 | 1.12 | 1.16 | ||
| 2054 | 17.18 | 14.50 | -2.68 | — | -0.04 | 1.12 | 1.16 | ||
| 2055 | 17.26 | 14.51 | -2.75 | — | -0.04 | 1.12 | 1.16 | ||
| 2056 | 17.34 | 14.51 | -2.83 | — | -0.04 | 1.12 | 1.16 | ||
| 2057 | 17.43 | 14.52 | -2.91 | — | -0.04 | 1.12 | 1.17 | ||
| 2058 | 17.53 | 14.53 | -3.00 | — | -0.04 | 1.12 | 1.17 | ||
| 2059 | 17.62 | 14.54 | -3.08 | — | -0.04 | 1.12 | 1.17 | ||
| 2060 | 17.70 | 14.55 | -3.15 | — | -0.04 | 1.12 | 1.17 | ||
| 2061 | 17.77 | 14.56 | -3.22 | — | -0.04 | 1.13 | 1.17 | ||
| 2062 | 17.85 | 14.56 | -3.29 | — | -0.04 | 1.13 | 1.17 | ||
| 2063 | 17.92 | 14.57 | -3.35 | — | -0.04 | 1.13 | 1.17 | ||
| 2064 | 17.99 | 14.58 | -3.41 | — | -0.04 | 1.13 | 1.17 | ||
| 2065 | 18.05 | 14.58 | -3.47 | — | -0.04 | 1.13 | 1.17 | ||
| 2066 | 18.12 | 14.59 | -3.54 | — | -0.04 | 1.13 | 1.17 | ||
| 2067 | 18.19 | 14.60 | -3.60 | — | -0.04 | 1.13 | 1.17 | ||
| 2068 | 18.26 | 14.60 | -3.66 | — | -0.04 | 1.13 | 1.17 | ||
| 2069 | 18.34 | 14.61 | -3.73 | — | -0.04 | 1.13 | 1.17 | ||
| 2070 | 18.41 | 14.62 | -3.80 | — | -0.04 | 1.13 | 1.17 | ||
| 2071 | 18.49 | 14.62 | -3.86 | — | -0.04 | 1.13 | 1.17 | ||
| 2072 | 18.56 | 14.63 | -3.93 | — | -0.04 | 1.13 | 1.17 | ||
| 2073 | 18.63 | 14.64 | -4.00 | — | -0.04 | 1.13 | 1.17 | ||
| 2074 | 18.70 | 14.64 | -4.06 | — | -0.04 | 1.13 | 1.17 | ||
| 2075 | 18.76 | 14.65 | -4.11 | — | -0.04 | 1.14 | 1.18 | ||
| 2076 | 18.81 | 14.65 | -4.16 | — | -0.04 | 1.14 | 1.18 | ||
| 2077 | 18.86 | 14.66 | -4.20 | — | -0.04 | 1.14 | 1.18 | ||
| 2078 | 18.89 | 14.66 | -4.23 | — | -0.04 | 1.14 | 1.18 | ||
| 2079 | 18.91 | 14.66 | -4.24 | — | -0.04 | 1.14 | 1.18 | ||
| 2080 | 18.92 | 14.67 | -4.25 | — | -0.04 | 1.14 | 1.18 | ||
| 2081 | 18.92 | 14.67 | -4.25 | — | -0.04 | 1.14 | 1.18 | ||
| 2082 | 18.91 | 14.67 | -4.25 | — | -0.04 | 1.14 | 1.18 | ||
| 2083 | 18.90 | 14.67 | -4.23 | — | -0.04 | 1.14 | 1.18 | ||
| 2084 | 18.87 | 14.67 | -4.20 | — | -0.04 | 1.14 | 1.18 | ||
| 2085 | 18.83 | 14.67 | -4.17 | — | -0.04 | 1.14 | 1.18 | ||
| 2086 | 18.79 | 14.67 | -4.12 | — | -0.03 | 1.14 | 1.18 | ||
| 2087 | 18.73 | 14.66 | -4.07 | — | -0.03 | 1.14 | 1.18 | ||
| 2088 | 18.67 | 14.66 | -4.01 | — | -0.03 | 1.14 | 1.18 | ||
| 2089 | 18.61 | 14.66 | -3.95 | — | -0.03 | 1.14 | 1.18 | ||
| 2090 | 18.54 | 14.65 | -3.89 | — | -0.03 | 1.15 | 1.18 | ||
| 2091 | 18.48 | 14.65 | -3.83 | — | -0.03 | 1.15 | 1.18 | ||
| 2092 | 18.43 | 14.65 | -3.78 | — | -0.03 | 1.15 | 1.18 | ||
| 2093 | 18.39 | 14.65 | -3.74 | — | -0.03 | 1.15 | 1.18 | ||
| 2094 | 18.35 | 14.64 | -3.71 | — | -0.03 | 1.15 | 1.18 | ||
| 2095 | 18.33 | 14.64 | -3.68 | — | -0.03 | 1.15 | 1.18 | ||
| 2096 | 18.31 | 14.64 | -3.67 | — | -0.03 | 1.15 | 1.18 | ||
| 2097 | 18.30 | 14.64 | -3.65 | — | -0.03 | 1.15 | 1.18 | ||
| 2098 | 18.30 | 14.64 | -3.65 | — | -0.03 | 1.15 | 1.18 | ||
| 2099 | 18.31 | 14.65 | -3.66 | — | -0.03 | 1.15 | 1.18 | ||
| 2100 | 18.32 | 14.65 | -3.67 | — | -0.03 | 1.15 | 1.18 | ||
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 | 17.58% | 14.82% | -2.76% | 2037 | -0.03% | 1.04% | 1.07% | ||
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.