Detailed Single Year Tables
Description of Proposed Provision:
E3.15: Increase the taxable maximum such that 90 percent of earnings are subject to the payroll tax (phased in 2026-2035). In addition, apply a tax rate of 6.2 percent for earnings above the revised taxable maximum (phased in from 2026-2035). Provide benefit credit for earnings taxed 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 |
Cost rate |
Income rate |
Annual balance |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.29 | 13.30 | -1.99 | 149 | 0.00 | 0.26 | 0.26 | ||
| 2027 | 15.48 | 13.60 | -1.87 | 133 | -0.00 | 0.52 | 0.52 | ||
| 2028 | 15.59 | 13.85 | -1.74 | 118 | -0.00 | 0.74 | 0.74 | ||
| 2029 | 15.69 | 14.08 | -1.61 | 105 | 0.00 | 0.94 | 0.94 | ||
| 2030 | 15.80 | 14.28 | -1.52 | 93 | 0.00 | 1.12 | 1.12 | ||
| 2031 | 15.91 | 14.47 | -1.44 | 82 | 0.00 | 1.29 | 1.28 | ||
| 2032 | 16.01 | 14.64 | -1.37 | 72 | 0.01 | 1.43 | 1.42 | ||
| 2033 | 15.96 | 14.81 | -1.15 | 63 | -0.11 | 1.57 | 1.68 | ||
| 2034 | 16.14 | 14.95 | -1.18 | 56 | -0.01 | 1.69 | 1.70 | ||
| 2035 | 16.23 | 15.07 | -1.15 | 49 | -0.00 | 1.80 | 1.80 | ||
| 2036 | 16.32 | 15.09 | -1.23 | 42 | -0.00 | 1.80 | 1.81 | ||
| 2037 | 16.41 | 15.10 | -1.31 | 34 | 0.00 | 1.81 | 1.80 | ||
| 2038 | 16.49 | 15.11 | -1.38 | 27 | 0.00 | 1.81 | 1.80 | ||
| 2039 | 16.56 | 15.12 | -1.44 | 18 | 0.00 | 1.81 | 1.80 | ||
| 2040 | 16.61 | 15.12 | -1.49 | 10 | 0.01 | 1.81 | 1.80 | ||
| 2041 | 16.66 | 15.13 | -1.52 | 1 | 0.01 | 1.81 | 1.80 | ||
| 2042 | 16.69 | 15.14 | -1.55 | — | 0.01 | 1.81 | 1.80 | ||
| 2043 | 16.72 | 15.14 | -1.58 | — | 0.02 | 1.81 | 1.80 | ||
| 2044 | 16.76 | 15.15 | -1.62 | — | 0.02 | 1.81 | 1.79 | ||
| 2045 | 16.80 | 15.15 | -1.65 | — | 0.03 | 1.82 | 1.79 | ||
| 2046 | 16.84 | 15.16 | -1.68 | — | 0.03 | 1.82 | 1.79 | ||
| 2047 | 16.88 | 15.16 | -1.71 | — | 0.04 | 1.82 | 1.78 | ||
| 2048 | 16.92 | 15.17 | -1.76 | — | 0.05 | 1.82 | 1.77 | ||
| 2049 | 16.98 | 15.18 | -1.80 | — | 0.06 | 1.82 | 1.77 | ||
| 2050 | 17.04 | 15.18 | -1.85 | — | 0.06 | 1.83 | 1.76 | ||
| 2051 | 17.10 | 15.19 | -1.91 | — | 0.07 | 1.83 | 1.75 | ||
| 2052 | 17.17 | 15.20 | -1.97 | — | 0.08 | 1.83 | 1.74 | ||
| 2053 | 17.24 | 15.20 | -2.04 | — | 0.10 | 1.83 | 1.74 | ||
| 2054 | 17.33 | 15.21 | -2.11 | — | 0.11 | 1.83 | 1.73 | ||
| 2055 | 17.42 | 15.22 | -2.20 | — | 0.12 | 1.84 | 1.72 | ||
| 2056 | 17.52 | 15.23 | -2.29 | — | 0.13 | 1.84 | 1.71 | ||
| 2057 | 17.62 | 15.24 | -2.38 | — | 0.15 | 1.84 | 1.69 | ||
| 2058 | 17.73 | 15.25 | -2.48 | — | 0.16 | 1.84 | 1.68 | ||
| 2059 | 17.84 | 15.26 | -2.57 | — | 0.18 | 1.85 | 1.67 | ||
| 2060 | 17.93 | 15.27 | -2.66 | — | 0.19 | 1.85 | 1.66 | ||
| 2061 | 18.02 | 15.28 | -2.74 | — | 0.20 | 1.85 | 1.65 | ||
| 2062 | 18.11 | 15.29 | -2.82 | — | 0.22 | 1.85 | 1.63 | ||
| 2063 | 18.20 | 15.30 | -2.90 | — | 0.23 | 1.86 | 1.62 | ||
| 2064 | 18.28 | 15.31 | -2.97 | — | 0.25 | 1.86 | 1.61 | ||
| 2065 | 18.36 | 15.31 | -3.05 | — | 0.26 | 1.86 | 1.60 | ||
| 2066 | 18.45 | 15.32 | -3.13 | — | 0.28 | 1.86 | 1.58 | ||
| 2067 | 18.53 | 15.33 | -3.20 | — | 0.29 | 1.87 | 1.57 | ||
| 2068 | 18.62 | 15.34 | -3.28 | — | 0.31 | 1.87 | 1.56 | ||
| 2069 | 18.71 | 15.35 | -3.36 | — | 0.33 | 1.87 | 1.54 | ||
| 2070 | 18.80 | 15.36 | -3.44 | — | 0.34 | 1.87 | 1.53 | ||
| 2071 | 18.88 | 15.36 | -3.52 | — | 0.36 | 1.87 | 1.52 | ||
| 2072 | 18.97 | 15.37 | -3.60 | — | 0.37 | 1.88 | 1.51 | ||
| 2073 | 19.06 | 15.38 | -3.68 | — | 0.38 | 1.88 | 1.50 | ||
| 2074 | 19.14 | 15.39 | -3.75 | — | 0.40 | 1.88 | 1.48 | ||
| 2075 | 19.21 | 15.40 | -3.82 | — | 0.41 | 1.88 | 1.47 | ||
| 2076 | 19.27 | 15.40 | -3.87 | — | 0.42 | 1.89 | 1.46 | ||
| 2077 | 19.33 | 15.41 | -3.92 | — | 0.43 | 1.89 | 1.45 | ||
| 2078 | 19.37 | 15.41 | -3.96 | — | 0.44 | 1.89 | 1.44 | ||
| 2079 | 19.40 | 15.42 | -3.98 | — | 0.45 | 1.89 | 1.44 | ||
| 2080 | 19.42 | 15.42 | -4.00 | — | 0.46 | 1.89 | 1.43 | ||
| 2081 | 19.43 | 15.42 | -4.01 | — | 0.47 | 1.89 | 1.42 | ||
| 2082 | 19.43 | 15.42 | -4.00 | — | 0.48 | 1.89 | 1.42 | ||
| 2083 | 19.42 | 15.42 | -3.99 | — | 0.48 | 1.90 | 1.41 | ||
| 2084 | 19.40 | 15.42 | -3.97 | — | 0.49 | 1.90 | 1.41 | ||
| 2085 | 19.36 | 15.42 | -3.94 | — | 0.49 | 1.90 | 1.41 | ||
| 2086 | 19.32 | 15.42 | -3.89 | — | 0.50 | 1.90 | 1.40 | ||
| 2087 | 19.26 | 15.42 | -3.84 | — | 0.50 | 1.90 | 1.40 | ||
| 2088 | 19.20 | 15.42 | -3.79 | — | 0.50 | 1.90 | 1.40 | ||
| 2089 | 19.14 | 15.41 | -3.73 | — | 0.50 | 1.90 | 1.40 | ||
| 2090 | 19.08 | 15.41 | -3.67 | — | 0.50 | 1.90 | 1.40 | ||
| 2091 | 19.02 | 15.41 | -3.61 | — | 0.50 | 1.90 | 1.40 | ||
| 2092 | 18.97 | 15.40 | -3.56 | — | 0.50 | 1.90 | 1.40 | ||
| 2093 | 18.92 | 15.40 | -3.52 | — | 0.50 | 1.90 | 1.40 | ||
| 2094 | 18.89 | 15.40 | -3.49 | — | 0.50 | 1.90 | 1.40 | ||
| 2095 | 18.86 | 15.40 | -3.46 | — | 0.51 | 1.91 | 1.40 | ||
| 2096 | 18.85 | 15.40 | -3.45 | — | 0.51 | 1.91 | 1.40 | ||
| 2097 | 18.84 | 15.40 | -3.44 | — | 0.51 | 1.91 | 1.40 | ||
| 2098 | 18.84 | 15.40 | -3.44 | — | 0.51 | 1.91 | 1.40 | ||
| 2099 | 18.85 | 15.40 | -3.44 | — | 0.51 | 1.91 | 1.40 | ||
| 2100 | 18.86 | 15.40 | -3.46 | — | 0.51 | 1.91 | 1.40 | ||
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 | 17.82% | 15.50% | -2.32% | 2041 | 0.21% | 1.71% | 1.51% | ||
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.