Detailed Single Year Tables
Description of Proposed Provision:
F6: Apply a 6.2 percent tax on investment income as defined in the Affordable Care Act (ACA), with unindexed thresholds as in the ACA ($200,000 for single filer, $250,000 for married filing jointly), starting in 2022. Proceeds go to the OASI and DI 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 |
|||
| 2020 | 13.92 | 13.00 | -0.92 | 261 | 0.00 | 0.00 | 0.00 | ||
| 2021 | 14.05 | 12.90 | -1.15 | 248 | 0.00 | 0.00 | 0.00 | ||
| 2022 | 14.25 | 13.66 | -0.59 | 233 | 0.00 | 0.73 | 0.73 | ||
| 2023 | 14.43 | 13.69 | -0.75 | 222 | -0.00 | 0.74 | 0.74 | ||
| 2024 | 14.64 | 13.72 | -0.92 | 210 | -0.00 | 0.75 | 0.75 | ||
| 2025 | 14.88 | 13.75 | -1.12 | 197 | -0.00 | 0.76 | 0.76 | ||
| 2026 | 15.11 | 13.89 | -1.22 | 184 | -0.00 | 0.76 | 0.77 | ||
| 2027 | 15.34 | 13.92 | -1.42 | 171 | -0.00 | 0.77 | 0.77 | ||
| 2028 | 15.58 | 13.97 | -1.61 | 157 | -0.00 | 0.78 | 0.78 | ||
| 2029 | 15.83 | 14.02 | -1.82 | 143 | -0.00 | 0.79 | 0.79 | ||
| 2030 | 16.02 | 14.04 | -1.98 | 130 | -0.00 | 0.80 | 0.80 | ||
| 2031 | 16.19 | 14.06 | -2.12 | 116 | -0.00 | 0.81 | 0.81 | ||
| 2032 | 16.33 | 14.08 | -2.25 | 102 | -0.00 | 0.82 | 0.82 | ||
| 2033 | 16.45 | 14.10 | -2.35 | 88 | -0.00 | 0.82 | 0.83 | ||
| 2034 | 16.55 | 14.12 | -2.43 | 74 | -0.00 | 0.83 | 0.83 | ||
| 2035 | 16.62 | 14.13 | -2.49 | 60 | -0.00 | 0.84 | 0.84 | ||
| 2036 | 16.68 | 14.15 | -2.54 | 46 | -0.00 | 0.85 | 0.85 | ||
| 2037 | 16.74 | 14.16 | -2.57 | 31 | -0.00 | 0.86 | 0.86 | ||
| 2038 | 16.78 | 14.18 | -2.60 | 17 | -0.00 | 0.87 | 0.87 | ||
| 2039 | 16.81 | 14.19 | -2.62 | 1 | -0.00 | 0.88 | 0.88 | ||
| 2040 | 16.84 | 14.21 | -2.64 | ---- | -0.00 | 0.89 | 0.89 | ||
| 2041 | 16.86 | 14.22 | -2.64 | ---- | -0.00 | 0.90 | 0.90 | ||
| 2042 | 16.86 | 14.23 | -2.63 | ---- | -0.00 | 0.91 | 0.91 | ||
| 2043 | 16.85 | 14.24 | -2.61 | ---- | -0.00 | 0.92 | 0.92 | ||
| 2044 | 16.83 | 14.25 | -2.58 | ---- | -0.00 | 0.93 | 0.93 | ||
| 2045 | 16.82 | 14.26 | -2.56 | ---- | -0.00 | 0.94 | 0.94 | ||
| 2046 | 16.80 | 14.27 | -2.53 | ---- | -0.00 | 0.95 | 0.95 | ||
| 2047 | 16.79 | 14.28 | -2.51 | ---- | -0.00 | 0.96 | 0.96 | ||
| 2048 | 16.79 | 14.29 | -2.50 | ---- | -0.00 | 0.97 | 0.97 | ||
| 2049 | 16.78 | 14.29 | -2.49 | ---- | -0.00 | 0.97 | 0.97 | ||
| 2050 | 16.79 | 14.30 | -2.48 | ---- | -0.00 | 0.98 | 0.98 | ||
| 2051 | 16.79 | 14.31 | -2.48 | ---- | -0.00 | 0.99 | 0.99 | ||
| 2052 | 16.81 | 14.33 | -2.48 | ---- | -0.00 | 1.00 | 1.00 | ||
| 2053 | 16.83 | 14.34 | -2.49 | ---- | -0.00 | 1.01 | 1.01 | ||
| 2054 | 16.86 | 14.35 | -2.51 | ---- | -0.00 | 1.01 | 1.02 | ||
| 2055 | 16.89 | 14.36 | -2.54 | ---- | -0.00 | 1.02 | 1.02 | ||
| 2056 | 16.93 | 14.37 | -2.56 | ---- | -0.00 | 1.03 | 1.03 | ||
| 2057 | 16.98 | 14.38 | -2.60 | ---- | -0.00 | 1.04 | 1.04 | ||
| 2058 | 17.03 | 14.39 | -2.64 | ---- | -0.00 | 1.04 | 1.04 | ||
| 2059 | 17.08 | 14.40 | -2.68 | ---- | -0.00 | 1.05 | 1.05 | ||
| 2060 | 17.14 | 14.41 | -2.73 | ---- | -0.00 | 1.06 | 1.06 | ||
| 2061 | 17.20 | 14.42 | -2.78 | ---- | -0.00 | 1.06 | 1.06 | ||
| 2062 | 17.26 | 14.43 | -2.83 | ---- | -0.00 | 1.07 | 1.07 | ||
| 2063 | 17.33 | 14.45 | -2.88 | ---- | -0.00 | 1.07 | 1.08 | ||
| 2064 | 17.39 | 14.46 | -2.93 | ---- | -0.00 | 1.08 | 1.08 | ||
| 2065 | 17.46 | 14.47 | -2.99 | ---- | -0.00 | 1.09 | 1.09 | ||
| 2066 | 17.52 | 14.48 | -3.04 | ---- | -0.00 | 1.09 | 1.09 | ||
| 2067 | 17.59 | 14.49 | -3.10 | ---- | -0.00 | 1.10 | 1.10 | ||
| 2068 | 17.66 | 14.50 | -3.16 | ---- | -0.00 | 1.10 | 1.11 | ||
| 2069 | 17.73 | 14.51 | -3.22 | ---- | -0.00 | 1.11 | 1.11 | ||
| 2070 | 17.80 | 14.52 | -3.28 | ---- | -0.00 | 1.11 | 1.12 | ||
| 2071 | 17.87 | 14.53 | -3.34 | ---- | -0.00 | 1.12 | 1.12 | ||
| 2072 | 17.93 | 14.54 | -3.39 | ---- | -0.00 | 1.13 | 1.13 | ||
| 2073 | 17.98 | 14.55 | -3.43 | ---- | -0.00 | 1.13 | 1.13 | ||
| 2074 | 18.03 | 14.56 | -3.48 | ---- | -0.00 | 1.13 | 1.14 | ||
| 2075 | 18.08 | 14.57 | -3.51 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2076 | 18.11 | 14.57 | -3.54 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2077 | 18.14 | 14.58 | -3.56 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2078 | 18.15 | 14.59 | -3.56 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2079 | 18.15 | 14.59 | -3.56 | ---- | -0.00 | 1.16 | 1.16 | ||
| 2080 | 18.14 | 14.59 | -3.54 | ---- | -0.00 | 1.16 | 1.16 | ||
| 2081 | 18.12 | 14.60 | -3.52 | ---- | -0.00 | 1.17 | 1.17 | ||
| 2082 | 18.09 | 14.60 | -3.49 | ---- | -0.00 | 1.17 | 1.17 | ||
| 2083 | 18.06 | 14.60 | -3.46 | ---- | -0.00 | 1.17 | 1.18 | ||
| 2084 | 18.03 | 14.61 | -3.43 | ---- | -0.00 | 1.18 | 1.18 | ||
| 2085 | 17.99 | 14.61 | -3.39 | ---- | -0.00 | 1.18 | 1.18 | ||
| 2086 | 17.96 | 14.61 | -3.35 | ---- | -0.00 | 1.19 | 1.19 | ||
| 2087 | 17.92 | 14.61 | -3.31 | ---- | -0.00 | 1.19 | 1.19 | ||
| 2088 | 17.89 | 14.61 | -3.28 | ---- | -0.00 | 1.19 | 1.19 | ||
| 2089 | 17.87 | 14.61 | -3.26 | ---- | -0.00 | 1.20 | 1.20 | ||
| 2090 | 17.86 | 14.62 | -3.25 | ---- | -0.00 | 1.20 | 1.20 | ||
| 2091 | 17.87 | 14.62 | -3.25 | ---- | -0.00 | 1.20 | 1.20 | ||
| 2092 | 17.88 | 14.62 | -3.26 | ---- | -0.00 | 1.21 | 1.21 | ||
| 2093 | 17.90 | 14.63 | -3.27 | ---- | -0.00 | 1.21 | 1.21 | ||
| 2094 | 17.94 | 14.63 | -3.30 | ---- | -0.00 | 1.21 | 1.21 | ||
| 2095 | 17.97 | 14.64 | -3.33 | ---- | -0.00 | 1.21 | 1.22 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2020-2094 | 17.06% | 14.81% | -2.25% | 2039 | -0.00% | 0.96% | 0.97% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2020 Trustees Report.