Detailed Single Year Tables
Description of Proposed Provision:
E3.19: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in linearly from 2027-2032). Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from additional annual earnings taxed over the current-law taxable maximum; and (2) a formula factor of 2.5 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 | 13.33 | -2.15 | 131 | 0.00 | 0.24 | 0.24 | ||
| 2028 | 15.59 | 13.57 | -2.02 | 114 | -0.00 | 0.46 | 0.46 | ||
| 2029 | 15.69 | 13.79 | -1.90 | 100 | -0.00 | 0.65 | 0.65 | ||
| 2030 | 15.80 | 13.97 | -1.83 | 86 | 0.00 | 0.81 | 0.81 | ||
| 2031 | 15.91 | 14.15 | -1.77 | 74 | 0.00 | 0.96 | 0.96 | ||
| 2032 | 16.01 | 14.30 | -1.71 | 62 | 0.00 | 1.09 | 1.09 | ||
| 2033 | 15.98 | 14.34 | -1.64 | 51 | -0.09 | 1.10 | 1.19 | ||
| 2034 | 16.14 | 14.36 | -1.77 | 41 | -0.01 | 1.10 | 1.11 | ||
| 2035 | 16.22 | 14.38 | -1.85 | 30 | -0.01 | 1.10 | 1.11 | ||
| 2036 | 16.32 | 14.39 | -1.93 | 19 | -0.01 | 1.10 | 1.11 | ||
| 2037 | 16.41 | 14.40 | -2.01 | 7 | -0.01 | 1.11 | 1.11 | ||
| 2038 | 16.48 | 14.41 | -2.07 | — | -0.01 | 1.11 | 1.11 | ||
| 2039 | 16.54 | 14.42 | -2.13 | — | -0.01 | 1.11 | 1.12 | ||
| 2040 | 16.59 | 14.42 | -2.17 | — | -0.01 | 1.11 | 1.12 | ||
| 2041 | 16.63 | 14.43 | -2.21 | — | -0.01 | 1.11 | 1.12 | ||
| 2042 | 16.66 | 14.43 | -2.23 | — | -0.01 | 1.11 | 1.12 | ||
| 2043 | 16.69 | 14.44 | -2.26 | — | -0.01 | 1.11 | 1.12 | ||
| 2044 | 16.73 | 14.44 | -2.28 | — | -0.01 | 1.11 | 1.13 | ||
| 2045 | 16.76 | 14.45 | -2.31 | — | -0.01 | 1.11 | 1.13 | ||
| 2046 | 16.79 | 14.45 | -2.33 | — | -0.01 | 1.11 | 1.13 | ||
| 2047 | 16.82 | 14.46 | -2.36 | — | -0.01 | 1.12 | 1.13 | ||
| 2048 | 16.86 | 14.46 | -2.40 | — | -0.01 | 1.12 | 1.13 | ||
| 2049 | 16.91 | 14.47 | -2.44 | — | -0.01 | 1.12 | 1.13 | ||
| 2050 | 16.96 | 14.48 | -2.48 | — | -0.01 | 1.12 | 1.13 | ||
| 2051 | 17.01 | 14.48 | -2.53 | — | -0.01 | 1.12 | 1.13 | ||
| 2052 | 17.07 | 14.49 | -2.58 | — | -0.01 | 1.12 | 1.13 | ||
| 2053 | 17.13 | 14.50 | -2.64 | — | -0.01 | 1.12 | 1.13 | ||
| 2054 | 17.21 | 14.50 | -2.71 | — | -0.01 | 1.12 | 1.13 | ||
| 2055 | 17.29 | 14.51 | -2.78 | — | -0.01 | 1.13 | 1.13 | ||
| 2056 | 17.38 | 14.52 | -2.86 | — | -0.01 | 1.13 | 1.13 | ||
| 2057 | 17.47 | 14.53 | -2.94 | — | -0.01 | 1.13 | 1.13 | ||
| 2058 | 17.57 | 14.54 | -3.03 | — | -0.00 | 1.13 | 1.13 | ||
| 2059 | 17.66 | 14.54 | -3.11 | — | -0.00 | 1.13 | 1.13 | ||
| 2060 | 17.74 | 14.55 | -3.19 | — | 0.00 | 1.13 | 1.13 | ||
| 2061 | 17.82 | 14.56 | -3.26 | — | 0.00 | 1.13 | 1.13 | ||
| 2062 | 17.90 | 14.57 | -3.33 | — | 0.01 | 1.13 | 1.13 | ||
| 2063 | 17.97 | 14.57 | -3.40 | — | 0.01 | 1.13 | 1.12 | ||
| 2064 | 18.04 | 14.58 | -3.46 | — | 0.01 | 1.13 | 1.12 | ||
| 2065 | 18.11 | 14.59 | -3.52 | — | 0.01 | 1.13 | 1.12 | ||
| 2066 | 18.18 | 14.60 | -3.59 | — | 0.02 | 1.14 | 1.12 | ||
| 2067 | 18.26 | 14.60 | -3.65 | — | 0.02 | 1.14 | 1.12 | ||
| 2068 | 18.33 | 14.61 | -3.72 | — | 0.02 | 1.14 | 1.12 | ||
| 2069 | 18.40 | 14.62 | -3.79 | — | 0.02 | 1.14 | 1.11 | ||
| 2070 | 18.48 | 14.62 | -3.86 | — | 0.03 | 1.14 | 1.11 | ||
| 2071 | 18.56 | 14.63 | -3.93 | — | 0.03 | 1.14 | 1.11 | ||
| 2072 | 18.63 | 14.64 | -4.00 | — | 0.03 | 1.14 | 1.11 | ||
| 2073 | 18.71 | 14.64 | -4.06 | — | 0.04 | 1.14 | 1.11 | ||
| 2074 | 18.78 | 14.65 | -4.13 | — | 0.04 | 1.14 | 1.11 | ||
| 2075 | 18.84 | 14.66 | -4.18 | — | 0.04 | 1.14 | 1.10 | ||
| 2076 | 18.89 | 14.66 | -4.23 | — | 0.04 | 1.15 | 1.10 | ||
| 2077 | 18.94 | 14.67 | -4.27 | — | 0.04 | 1.15 | 1.10 | ||
| 2078 | 18.97 | 14.67 | -4.30 | — | 0.05 | 1.15 | 1.10 | ||
| 2079 | 18.99 | 14.67 | -4.32 | — | 0.05 | 1.15 | 1.10 | ||
| 2080 | 19.01 | 14.68 | -4.33 | — | 0.05 | 1.15 | 1.10 | ||
| 2081 | 19.01 | 14.68 | -4.33 | — | 0.05 | 1.15 | 1.10 | ||
| 2082 | 19.00 | 14.68 | -4.32 | — | 0.05 | 1.15 | 1.10 | ||
| 2083 | 18.99 | 14.68 | -4.31 | — | 0.05 | 1.15 | 1.10 | ||
| 2084 | 18.96 | 14.68 | -4.28 | — | 0.05 | 1.15 | 1.10 | ||
| 2085 | 18.93 | 14.68 | -4.25 | — | 0.06 | 1.15 | 1.10 | ||
| 2086 | 18.88 | 14.68 | -4.20 | — | 0.06 | 1.15 | 1.10 | ||
| 2087 | 18.82 | 14.67 | -4.15 | — | 0.06 | 1.15 | 1.10 | ||
| 2088 | 18.76 | 14.67 | -4.09 | — | 0.06 | 1.15 | 1.10 | ||
| 2089 | 18.70 | 14.67 | -4.03 | — | 0.06 | 1.16 | 1.10 | ||
| 2090 | 18.64 | 14.66 | -3.97 | — | 0.06 | 1.16 | 1.10 | ||
| 2091 | 18.58 | 14.66 | -3.91 | — | 0.06 | 1.16 | 1.10 | ||
| 2092 | 18.52 | 14.66 | -3.86 | — | 0.06 | 1.16 | 1.10 | ||
| 2093 | 18.48 | 14.66 | -3.82 | — | 0.06 | 1.16 | 1.10 | ||
| 2094 | 18.44 | 14.66 | -3.79 | — | 0.06 | 1.16 | 1.10 | ||
| 2095 | 18.42 | 14.65 | -3.76 | — | 0.06 | 1.16 | 1.10 | ||
| 2096 | 18.40 | 14.65 | -3.75 | — | 0.06 | 1.16 | 1.10 | ||
| 2097 | 18.39 | 14.65 | -3.74 | — | 0.06 | 1.16 | 1.10 | ||
| 2098 | 18.39 | 14.66 | -3.73 | — | 0.06 | 1.16 | 1.10 | ||
| 2099 | 18.40 | 14.66 | -3.74 | — | 0.06 | 1.16 | 1.10 | ||
| 2100 | 18.41 | 14.66 | -3.75 | — | 0.06 | 1.16 | 1.10 | ||
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 | 17.62% | 14.84% | -2.78% | 2037 | 0.01% | 1.06% | 1.04% | ||
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.