Detailed Single Year Tables
Description of Proposed Provision:
F9: Apply a separate 12.4 percent tax on investment income as defined in the Affordable Care Act (ACA), with unindexed thresholds as in the ACA ($200,000 single filer, $250,000 for married filing joint), starting in 2024. Proceeds go to the OASDI Trust Funds.
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 |
|||
| 2022 | 14.05 | 12.79 | -1.26 | 230 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.31 | 13.04 | -1.27 | 211 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.45 | 14.46 | 0.01 | 194 | 0.00 | 1.50 | 1.50 | ||
| 2025 | 14.65 | 14.56 | -0.09 | 187 | -0.00 | 1.59 | 1.60 | ||
| 2026 | 14.88 | 14.68 | -0.20 | 180 | -0.00 | 1.60 | 1.61 | ||
| 2027 | 15.10 | 14.71 | -0.39 | 172 | -0.00 | 1.61 | 1.62 | ||
| 2028 | 15.32 | 14.76 | -0.56 | 165 | -0.00 | 1.62 | 1.63 | ||
| 2029 | 15.52 | 14.81 | -0.71 | 157 | -0.00 | 1.64 | 1.64 | ||
| 2030 | 15.72 | 14.85 | -0.87 | 149 | -0.00 | 1.65 | 1.65 | ||
| 2031 | 15.90 | 14.89 | -1.01 | 140 | -0.00 | 1.66 | 1.66 | ||
| 2032 | 16.06 | 14.92 | -1.14 | 132 | -0.00 | 1.68 | 1.68 | ||
| 2033 | 16.20 | 14.95 | -1.26 | 124 | -0.00 | 1.69 | 1.69 | ||
| 2034 | 16.32 | 14.97 | -1.35 | 116 | -0.00 | 1.70 | 1.71 | ||
| 2035 | 16.42 | 14.99 | -1.43 | 108 | -0.00 | 1.72 | 1.72 | ||
| 2036 | 16.50 | 15.01 | -1.48 | 100 | -0.00 | 1.73 | 1.74 | ||
| 2037 | 16.57 | 15.04 | -1.54 | 91 | -0.00 | 1.75 | 1.75 | ||
| 2038 | 16.64 | 15.06 | -1.58 | 83 | -0.00 | 1.77 | 1.77 | ||
| 2039 | 16.68 | 15.08 | -1.60 | 74 | -0.00 | 1.78 | 1.79 | ||
| 2040 | 16.72 | 15.10 | -1.61 | 65 | -0.00 | 1.80 | 1.80 | ||
| 2041 | 16.74 | 15.12 | -1.62 | 56 | -0.00 | 1.82 | 1.82 | ||
| 2042 | 16.76 | 15.13 | -1.63 | 47 | -0.00 | 1.83 | 1.83 | ||
| 2043 | 16.78 | 15.15 | -1.63 | 38 | -0.00 | 1.85 | 1.85 | ||
| 2044 | 16.80 | 15.17 | -1.63 | 29 | -0.00 | 1.86 | 1.87 | ||
| 2045 | 16.82 | 15.19 | -1.63 | 20 | -0.00 | 1.88 | 1.88 | ||
| 2046 | 16.84 | 15.20 | -1.63 | 10 | -0.00 | 1.89 | 1.89 | ||
| 2047 | 16.86 | 15.22 | -1.64 | 1 | -0.00 | 1.91 | 1.91 | ||
| 2048 | 16.89 | 15.23 | -1.65 | ---- | -0.00 | 1.92 | 1.92 | ||
| 2049 | 16.91 | 15.25 | -1.66 | ---- | -0.00 | 1.93 | 1.94 | ||
| 2050 | 16.95 | 15.27 | -1.68 | ---- | -0.00 | 1.95 | 1.95 | ||
| 2051 | 16.98 | 15.28 | -1.69 | ---- | -0.00 | 1.96 | 1.96 | ||
| 2052 | 17.01 | 15.30 | -1.71 | ---- | -0.00 | 1.97 | 1.98 | ||
| 2053 | 17.05 | 15.31 | -1.74 | ---- | -0.00 | 1.98 | 1.99 | ||
| 2054 | 17.10 | 15.33 | -1.77 | ---- | -0.00 | 1.99 | 2.00 | ||
| 2055 | 17.15 | 15.34 | -1.80 | ---- | -0.00 | 2.01 | 2.01 | ||
| 2056 | 17.20 | 15.36 | -1.84 | ---- | -0.00 | 2.02 | 2.02 | ||
| 2057 | 17.26 | 15.37 | -1.89 | ---- | -0.00 | 2.03 | 2.03 | ||
| 2058 | 17.32 | 15.39 | -1.93 | ---- | -0.00 | 2.04 | 2.04 | ||
| 2059 | 17.38 | 15.40 | -1.98 | ---- | -0.00 | 2.05 | 2.05 | ||
| 2060 | 17.45 | 15.42 | -2.03 | ---- | -0.00 | 2.06 | 2.06 | ||
| 2061 | 17.51 | 15.43 | -2.08 | ---- | -0.00 | 2.07 | 2.07 | ||
| 2062 | 17.57 | 15.45 | -2.12 | ---- | -0.00 | 2.08 | 2.08 | ||
| 2063 | 17.62 | 15.46 | -2.16 | ---- | -0.00 | 2.09 | 2.09 | ||
| 2064 | 17.68 | 15.47 | -2.20 | ---- | -0.00 | 2.09 | 2.10 | ||
| 2065 | 17.73 | 15.49 | -2.24 | ---- | -0.00 | 2.10 | 2.11 | ||
| 2066 | 17.78 | 15.50 | -2.28 | ---- | -0.00 | 2.11 | 2.12 | ||
| 2067 | 17.83 | 15.51 | -2.32 | ---- | -0.00 | 2.12 | 2.12 | ||
| 2068 | 17.89 | 15.52 | -2.36 | ---- | -0.00 | 2.13 | 2.13 | ||
| 2069 | 17.94 | 15.54 | -2.41 | ---- | -0.00 | 2.14 | 2.14 | ||
| 2070 | 18.00 | 15.55 | -2.45 | ---- | -0.00 | 2.15 | 2.15 | ||
| 2071 | 18.05 | 15.56 | -2.49 | ---- | -0.00 | 2.15 | 2.16 | ||
| 2072 | 18.11 | 15.57 | -2.53 | ---- | -0.00 | 2.16 | 2.16 | ||
| 2073 | 18.16 | 15.58 | -2.58 | ---- | -0.00 | 2.17 | 2.17 | ||
| 2074 | 18.21 | 15.59 | -2.61 | ---- | -0.00 | 2.17 | 2.18 | ||
| 2075 | 18.25 | 15.60 | -2.65 | ---- | -0.00 | 2.18 | 2.18 | ||
| 2076 | 18.28 | 15.61 | -2.67 | ---- | -0.00 | 2.19 | 2.19 | ||
| 2077 | 18.31 | 15.62 | -2.68 | ---- | -0.00 | 2.20 | 2.20 | ||
| 2078 | 18.32 | 15.63 | -2.69 | ---- | -0.00 | 2.20 | 2.21 | ||
| 2079 | 18.31 | 15.64 | -2.67 | ---- | -0.00 | 2.21 | 2.21 | ||
| 2080 | 18.30 | 15.64 | -2.65 | ---- | -0.00 | 2.22 | 2.22 | ||
| 2081 | 18.27 | 15.65 | -2.62 | ---- | -0.00 | 2.22 | 2.23 | ||
| 2082 | 18.24 | 15.65 | -2.59 | ---- | -0.00 | 2.23 | 2.23 | ||
| 2083 | 18.20 | 15.66 | -2.54 | ---- | -0.00 | 2.24 | 2.24 | ||
| 2084 | 18.16 | 15.66 | -2.49 | ---- | -0.00 | 2.24 | 2.24 | ||
| 2085 | 18.10 | 15.67 | -2.44 | ---- | -0.00 | 2.25 | 2.25 | ||
| 2086 | 18.04 | 15.67 | -2.38 | ---- | -0.00 | 2.25 | 2.26 | ||
| 2087 | 17.98 | 15.67 | -2.31 | ---- | -0.00 | 2.26 | 2.26 | ||
| 2088 | 17.91 | 15.67 | -2.24 | ---- | -0.00 | 2.27 | 2.27 | ||
| 2089 | 17.85 | 15.67 | -2.18 | ---- | -0.00 | 2.27 | 2.27 | ||
| 2090 | 17.79 | 15.67 | -2.11 | ---- | -0.00 | 2.28 | 2.28 | ||
| 2091 | 17.74 | 15.68 | -2.06 | ---- | -0.00 | 2.28 | 2.28 | ||
| 2092 | 17.70 | 15.68 | -2.02 | ---- | -0.00 | 2.29 | 2.29 | ||
| 2093 | 17.67 | 15.68 | -1.99 | ---- | -0.00 | 2.29 | 2.29 | ||
| 2094 | 17.65 | 15.69 | -1.96 | ---- | -0.00 | 2.30 | 2.30 | ||
| 2095 | 17.64 | 15.69 | -1.95 | ---- | -0.00 | 2.30 | 2.30 | ||
| 2096 | 17.64 | 15.70 | -1.94 | ---- | -0.00 | 2.31 | 2.31 | ||
| 2097 | 17.64 | 15.70 | -1.94 | ---- | -0.00 | 2.31 | 2.31 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2022-2096 | 17.20% | 15.70% | -1.49% | 2047 | -0.00% | 1.92% | 1.93% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2022 Trustees Report.