Detailed Single Year Tables
Description of Proposed Provision:
B7.7: Reduce individual Social Security benefits if modified adjusted gross income, or MAGI (AGI less taxable Social Security benefits plus nontaxable interest income) is above $60,000 for single taxpayers or $120,000 for taxpayers filing jointly. This provision is effective for individuals newly eligible for benefits in 2030 or later. The percentage reduction increases linearly up to 50 percent for single/joint filers with MAGI of $180,000/$360,000 or above. Index the MAGI thresholds for years after 2030, based on changes in the SSA average wage index.
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 | 15.79 | 13.16 | -2.63 | 78 | -0.01 | -0.00 | 0.01 | ||
| 2031 | 15.89 | 13.18 | -2.71 | 61 | -0.02 | -0.00 | 0.02 | ||
| 2032 | 15.97 | 13.20 | -2.77 | 43 | -0.03 | -0.00 | 0.03 | ||
| 2033 | 16.01 | 13.24 | -2.77 | 26 | -0.06 | -0.00 | 0.05 | ||
| 2034 | 16.05 | 13.26 | -2.79 | 9 | -0.09 | -0.01 | 0.09 | ||
| 2035 | 16.09 | 13.27 | -2.82 | — | -0.14 | -0.01 | 0.14 | ||
| 2036 | 16.11 | 13.27 | -2.84 | — | -0.21 | -0.01 | 0.20 | ||
| 2037 | 16.15 | 13.28 | -2.87 | — | -0.26 | -0.01 | 0.24 | ||
| 2038 | 16.17 | 13.28 | -2.88 | — | -0.32 | -0.02 | 0.30 | ||
| 2039 | 16.16 | 13.29 | -2.88 | — | -0.39 | -0.02 | 0.37 | ||
| 2040 | 16.16 | 13.29 | -2.87 | — | -0.45 | -0.03 | 0.42 | ||
| 2041 | 16.15 | 13.29 | -2.86 | — | -0.50 | -0.03 | 0.47 | ||
| 2042 | 16.14 | 13.29 | -2.85 | — | -0.54 | -0.03 | 0.51 | ||
| 2043 | 16.12 | 13.29 | -2.83 | — | -0.59 | -0.03 | 0.55 | ||
| 2044 | 16.12 | 13.29 | -2.82 | — | -0.62 | -0.04 | 0.59 | ||
| 2045 | 16.11 | 13.30 | -2.82 | — | -0.66 | -0.04 | 0.62 | ||
| 2046 | 16.11 | 13.30 | -2.82 | — | -0.69 | -0.04 | 0.65 | ||
| 2047 | 16.12 | 13.30 | -2.82 | — | -0.71 | -0.04 | 0.67 | ||
| 2048 | 16.14 | 13.30 | -2.84 | — | -0.73 | -0.04 | 0.69 | ||
| 2049 | 16.17 | 13.31 | -2.86 | — | -0.75 | -0.04 | 0.71 | ||
| 2050 | 16.20 | 13.31 | -2.89 | — | -0.77 | -0.05 | 0.72 | ||
| 2051 | 16.23 | 13.31 | -2.92 | — | -0.79 | -0.05 | 0.74 | ||
| 2052 | 16.27 | 13.32 | -2.95 | — | -0.81 | -0.05 | 0.76 | ||
| 2053 | 16.33 | 13.32 | -3.00 | — | -0.82 | -0.05 | 0.77 | ||
| 2054 | 16.39 | 13.33 | -3.06 | — | -0.82 | -0.05 | 0.78 | ||
| 2055 | 16.47 | 13.34 | -3.13 | — | -0.83 | -0.05 | 0.78 | ||
| 2056 | 16.54 | 13.34 | -3.20 | — | -0.84 | -0.05 | 0.79 | ||
| 2057 | 16.63 | 13.35 | -3.28 | — | -0.85 | -0.05 | 0.80 | ||
| 2058 | 16.71 | 13.36 | -3.36 | — | -0.86 | -0.05 | 0.81 | ||
| 2059 | 16.79 | 13.36 | -3.43 | — | -0.87 | -0.05 | 0.81 | ||
| 2060 | 16.87 | 13.37 | -3.50 | — | -0.88 | -0.05 | 0.82 | ||
| 2061 | 16.94 | 13.38 | -3.56 | — | -0.88 | -0.05 | 0.83 | ||
| 2062 | 17.00 | 13.38 | -3.62 | — | -0.89 | -0.05 | 0.84 | ||
| 2063 | 17.06 | 13.39 | -3.68 | — | -0.90 | -0.06 | 0.84 | ||
| 2064 | 17.12 | 13.39 | -3.73 | — | -0.91 | -0.06 | 0.85 | ||
| 2065 | 17.18 | 13.40 | -3.79 | — | -0.91 | -0.06 | 0.86 | ||
| 2066 | 17.25 | 13.40 | -3.84 | — | -0.92 | -0.06 | 0.87 | ||
| 2067 | 17.31 | 13.41 | -3.90 | — | -0.93 | -0.06 | 0.87 | ||
| 2068 | 17.37 | 13.41 | -3.96 | — | -0.93 | -0.06 | 0.88 | ||
| 2069 | 17.44 | 13.42 | -4.02 | — | -0.94 | -0.06 | 0.88 | ||
| 2070 | 17.51 | 13.43 | -4.09 | — | -0.94 | -0.06 | 0.88 | ||
| 2071 | 17.58 | 13.43 | -4.15 | — | -0.95 | -0.06 | 0.89 | ||
| 2072 | 17.65 | 13.44 | -4.21 | — | -0.95 | -0.06 | 0.89 | ||
| 2073 | 17.72 | 13.44 | -4.28 | — | -0.95 | -0.06 | 0.90 | ||
| 2074 | 17.78 | 13.45 | -4.33 | — | -0.96 | -0.06 | 0.90 | ||
| 2075 | 17.84 | 13.45 | -4.39 | — | -0.96 | -0.06 | 0.90 | ||
| 2076 | 17.89 | 13.46 | -4.43 | — | -0.96 | -0.06 | 0.90 | ||
| 2077 | 17.93 | 13.46 | -4.47 | — | -0.97 | -0.06 | 0.91 | ||
| 2078 | 17.96 | 13.46 | -4.49 | — | -0.97 | -0.06 | 0.91 | ||
| 2079 | 17.98 | 13.47 | -4.51 | — | -0.97 | -0.06 | 0.91 | ||
| 2080 | 17.99 | 13.47 | -4.52 | — | -0.97 | -0.06 | 0.91 | ||
| 2081 | 17.99 | 13.47 | -4.52 | — | -0.97 | -0.06 | 0.91 | ||
| 2082 | 17.98 | 13.47 | -4.51 | — | -0.97 | -0.06 | 0.91 | ||
| 2083 | 17.96 | 13.47 | -4.50 | — | -0.97 | -0.06 | 0.91 | ||
| 2084 | 17.94 | 13.47 | -4.47 | — | -0.97 | -0.06 | 0.91 | ||
| 2085 | 17.90 | 13.47 | -4.44 | — | -0.97 | -0.06 | 0.91 | ||
| 2086 | 17.86 | 13.46 | -4.39 | — | -0.96 | -0.06 | 0.90 | ||
| 2087 | 17.80 | 13.46 | -4.34 | — | -0.96 | -0.06 | 0.90 | ||
| 2088 | 17.75 | 13.46 | -4.29 | — | -0.96 | -0.06 | 0.90 | ||
| 2089 | 17.69 | 13.45 | -4.23 | — | -0.95 | -0.06 | 0.89 | ||
| 2090 | 17.63 | 13.45 | -4.18 | — | -0.95 | -0.06 | 0.89 | ||
| 2091 | 17.57 | 13.45 | -4.13 | — | -0.95 | -0.06 | 0.89 | ||
| 2092 | 17.52 | 13.44 | -4.08 | — | -0.94 | -0.06 | 0.88 | ||
| 2093 | 17.48 | 13.44 | -4.04 | — | -0.94 | -0.06 | 0.88 | ||
| 2094 | 17.45 | 13.44 | -4.01 | — | -0.94 | -0.06 | 0.88 | ||
| 2095 | 17.42 | 13.44 | -3.98 | — | -0.94 | -0.06 | 0.88 | ||
| 2096 | 17.40 | 13.44 | -3.97 | — | -0.94 | -0.06 | 0.88 | ||
| 2097 | 17.39 | 13.44 | -3.96 | — | -0.94 | -0.06 | 0.88 | ||
| 2098 | 17.39 | 13.44 | -3.96 | — | -0.94 | -0.06 | 0.88 | ||
| 2099 | 17.40 | 13.44 | -3.96 | — | -0.94 | -0.06 | 0.88 | ||
| 2100 | 17.42 | 13.44 | -3.98 | — | -0.94 | -0.06 | 0.88 | ||
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 | 16.93% | 13.75% | -3.19% | 2034 | -0.68% | -0.04% | 0.64% | ||
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.