Long Range Solvency Provisions

Description of Proposed Provision:
E3.1: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2026-2035). Provide benefit credit for earnings up to the revised taxable maximum.

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	Trust fund ratio as of January 1	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	15.92	13.94	-1.97	73	0.00	0.76	0.75
2032	16.01	14.05	-1.96	60	0.01	0.85	0.84
2033	16.01	14.18	-1.83	48	-0.06	0.94	1.00
2034	16.15	14.29	-1.86	36	0.00	1.02	1.02
2035	16.24	14.38	-1.86	25	0.01	1.10	1.09
2036	16.33	14.39	-1.94	14	0.01	1.11	1.10
2037	16.43	14.40	-2.03	2	0.01	1.11	1.09
2038	16.51	14.41	-2.09	—	0.02	1.11	1.09
2039	16.58	14.42	-2.16	—	0.02	1.11	1.09
2040	16.63	14.43	-2.20	—	0.03	1.11	1.08
2041	16.68	14.43	-2.25	—	0.03	1.11	1.08
2042	16.72	14.44	-2.28	—	0.04	1.12	1.08
2043	16.75	14.45	-2.31	—	0.05	1.12	1.07
2044	16.80	14.45	-2.34	—	0.05	1.12	1.07
2045	16.83	14.46	-2.38	—	0.06	1.12	1.06
2046	16.87	14.46	-2.41	—	0.07	1.12	1.06
2047	16.92	14.47	-2.45	—	0.08	1.13	1.05
2048	16.97	14.48	-2.49	—	0.09	1.13	1.04
2049	17.02	14.48	-2.54	—	0.10	1.13	1.03
2050	17.08	14.49	-2.59	—	0.11	1.13	1.02
2051	17.14	14.50	-2.65	—	0.12	1.14	1.01
2052	17.21	14.50	-2.71	—	0.13	1.14	1.00
2053	17.29	14.51	-2.78	—	0.15	1.14	1.00
2054	17.38	14.52	-2.85	—	0.16	1.14	0.99
2055	17.47	14.53	-2.94	—	0.17	1.15	0.97
2056	17.57	14.54	-3.03	—	0.19	1.15	0.96
2057	17.68	14.55	-3.13	—	0.20	1.15	0.95
2058	17.79	14.56	-3.22	—	0.22	1.15	0.94
2059	17.89	14.57	-3.32	—	0.23	1.16	0.93
2060	17.99	14.58	-3.41	—	0.24	1.16	0.91
2061	18.08	14.59	-3.49	—	0.26	1.16	0.90
2062	18.17	14.60	-3.57	—	0.27	1.16	0.89
2063	18.25	14.61	-3.64	—	0.29	1.17	0.88
2064	18.33	14.62	-3.72	—	0.30	1.17	0.86
2065	18.42	14.62	-3.79	—	0.32	1.17	0.85
2066	18.50	14.63	-3.87	—	0.33	1.17	0.84
2067	18.59	14.64	-3.94	—	0.35	1.18	0.83
2068	18.67	14.65	-4.02	—	0.36	1.18	0.82
2069	18.76	14.66	-4.10	—	0.38	1.18	0.80
2070	18.85	14.67	-4.18	—	0.39	1.18	0.79
2071	18.94	14.67	-4.26	—	0.41	1.19	0.78
2072	19.02	14.68	-4.34	—	0.42	1.19	0.77
2073	19.11	14.69	-4.41	—	0.43	1.19	0.76
2074	19.19	14.70	-4.49	—	0.45	1.19	0.75
2075	19.26	14.71	-4.55	—	0.46	1.19	0.74
2076	19.32	14.71	-4.61	—	0.47	1.20	0.73
2077	19.37	14.72	-4.66	—	0.48	1.20	0.72
2078	19.42	14.72	-4.69	—	0.49	1.20	0.71
2079	19.44	14.73	-4.72	—	0.50	1.20	0.70
2080	19.46	14.73	-4.73	—	0.51	1.20	0.70
2081	19.47	14.73	-4.74	—	0.51	1.20	0.69
2082	19.47	14.73	-4.74	—	0.52	1.20	0.68
2083	19.46	14.74	-4.72	—	0.53	1.21	0.68
2084	19.44	14.74	-4.70	—	0.53	1.21	0.68
2085	19.40	14.73	-4.67	—	0.53	1.21	0.67
2086	19.36	14.73	-4.63	—	0.54	1.21	0.67
2087	19.30	14.73	-4.57	—	0.54	1.21	0.67
2088	19.24	14.73	-4.52	—	0.54	1.21	0.67
2089	19.18	14.72	-4.46	—	0.54	1.21	0.67
2090	19.12	14.72	-4.40	—	0.54	1.21	0.67
2091	19.06	14.72	-4.34	—	0.54	1.21	0.67
2092	19.01	14.72	-4.29	—	0.54	1.21	0.67
2093	18.96	14.71	-4.25	—	0.54	1.22	0.67
2094	18.93	14.71	-4.22	—	0.54	1.22	0.67
2095	18.90	14.71	-4.19	—	0.54	1.22	0.67
2096	18.89	14.71	-4.17	—	0.55	1.22	0.67
2097	18.88	14.71	-4.16	—	0.55	1.22	0.67
2098	18.88	14.71	-4.16	—	0.55	1.22	0.67
2099	18.88	14.71	-4.17	—	0.55	1.22	0.67
2100	18.90	14.72	-4.19	—	0.55	1.22	0.67

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	17.85%	14.86%	-3.00%	2037	0.24%	1.07%	0.83%
¹ Under current law, the year of Trust Fund reserve depletion is 2034.

Based on Intermediate Assumptions of the 2025 Trustees Report.

Detailed Single Year Tables

Description of Proposed Provision: E3.1: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2026-2035). Provide benefit credit for earnings up to the revised taxable maximum.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
E3.1: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2026-2035). Provide benefit credit for earnings up to the revised taxable maximum.