Detailed Single Year Tables
Description of Proposed Provision:
E3.6: Increase the taxable maximum each year by an additional 2 percent beginning in 2027 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.
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 |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 12.89 | -2.11 | 171 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.20 | 13.07 | -2.13 | 152 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.36 | 13.15 | -2.21 | 134 | 0.00 | 0.05 | 0.05 | ||
| 2028 | 15.42 | 13.22 | -2.20 | 118 | -0.00 | 0.09 | 0.09 | ||
| 2029 | 15.47 | 13.29 | -2.17 | 101 | -0.00 | 0.13 | 0.13 | ||
| 2030 | 15.53 | 13.35 | -2.18 | 86 | -0.00 | 0.17 | 0.17 | ||
| 2031 | 15.58 | 13.42 | -2.16 | 71 | -0.00 | 0.21 | 0.21 | ||
| 2032 | 15.60 | 13.47 | -2.13 | 57 | -0.00 | 0.25 | 0.25 | ||
| 2033 | 15.66 | 13.56 | -2.10 | 43 | -0.00 | 0.29 | 0.29 | ||
| 2034 | 15.77 | 13.60 | -2.17 | 30 | -0.00 | 0.33 | 0.33 | ||
| 2035 | 15.88 | 13.65 | -2.23 | 16 | -0.00 | 0.37 | 0.37 | ||
| 2036 | 15.99 | 13.69 | -2.29 | 2 | -0.00 | 0.40 | 0.40 | ||
| 2037 | 16.09 | 13.74 | -2.34 | — | -0.00 | 0.44 | 0.44 | ||
| 2038 | 16.17 | 13.79 | -2.39 | — | -0.00 | 0.47 | 0.48 | ||
| 2039 | 16.25 | 13.83 | -2.42 | — | -0.00 | 0.51 | 0.51 | ||
| 2040 | 16.32 | 13.87 | -2.45 | — | -0.00 | 0.54 | 0.55 | ||
| 2041 | 16.38 | 13.90 | -2.47 | — | -0.01 | 0.57 | 0.58 | ||
| 2042 | 16.43 | 13.94 | -2.49 | — | -0.01 | 0.60 | 0.61 | ||
| 2043 | 16.47 | 13.98 | -2.50 | — | -0.01 | 0.64 | 0.64 | ||
| 2044 | 16.51 | 14.01 | -2.50 | — | -0.01 | 0.67 | 0.68 | ||
| 2045 | 16.54 | 14.04 | -2.50 | — | -0.01 | 0.70 | 0.71 | ||
| 2046 | 16.58 | 14.07 | -2.50 | — | -0.01 | 0.73 | 0.74 | ||
| 2047 | 16.61 | 14.11 | -2.51 | — | -0.01 | 0.76 | 0.77 | ||
| 2048 | 16.65 | 14.14 | -2.51 | — | -0.01 | 0.78 | 0.80 | ||
| 2049 | 16.69 | 14.17 | -2.52 | — | -0.01 | 0.81 | 0.82 | ||
| 2050 | 16.74 | 14.20 | -2.54 | — | -0.02 | 0.84 | 0.85 | ||
| 2051 | 16.79 | 14.23 | -2.56 | — | -0.02 | 0.86 | 0.88 | ||
| 2052 | 16.85 | 14.26 | -2.59 | — | -0.02 | 0.89 | 0.91 | ||
| 2053 | 16.91 | 14.29 | -2.62 | — | -0.02 | 0.91 | 0.93 | ||
| 2054 | 16.98 | 14.32 | -2.66 | — | -0.02 | 0.94 | 0.96 | ||
| 2055 | 17.06 | 14.35 | -2.70 | — | -0.02 | 0.96 | 0.98 | ||
| 2056 | 17.14 | 14.38 | -2.75 | — | -0.02 | 0.99 | 1.01 | ||
| 2057 | 17.22 | 14.41 | -2.81 | — | -0.02 | 1.01 | 1.03 | ||
| 2058 | 17.31 | 14.45 | -2.86 | — | -0.02 | 1.03 | 1.06 | ||
| 2059 | 17.39 | 14.47 | -2.92 | — | -0.03 | 1.06 | 1.08 | ||
| 2060 | 17.48 | 14.50 | -2.97 | — | -0.03 | 1.08 | 1.11 | ||
| 2061 | 17.56 | 14.53 | -3.03 | — | -0.03 | 1.10 | 1.13 | ||
| 2062 | 17.63 | 14.56 | -3.07 | — | -0.03 | 1.12 | 1.15 | ||
| 2063 | 17.70 | 14.58 | -3.12 | — | -0.03 | 1.14 | 1.17 | ||
| 2064 | 17.76 | 14.59 | -3.17 | — | -0.03 | 1.14 | 1.17 | ||
| 2065 | 17.82 | 14.59 | -3.23 | — | -0.03 | 1.14 | 1.17 | ||
| 2066 | 17.89 | 14.60 | -3.29 | — | -0.03 | 1.14 | 1.17 | ||
| 2067 | 17.95 | 14.60 | -3.35 | — | -0.03 | 1.14 | 1.17 | ||
| 2068 | 18.02 | 14.61 | -3.41 | — | -0.03 | 1.14 | 1.17 | ||
| 2069 | 18.08 | 14.62 | -3.47 | — | -0.03 | 1.14 | 1.17 | ||
| 2070 | 18.15 | 14.62 | -3.53 | — | -0.03 | 1.14 | 1.17 | ||
| 2071 | 18.22 | 14.63 | -3.59 | — | -0.03 | 1.14 | 1.18 | ||
| 2072 | 18.28 | 14.63 | -3.65 | — | -0.03 | 1.14 | 1.18 | ||
| 2073 | 18.34 | 14.64 | -3.70 | — | -0.03 | 1.15 | 1.18 | ||
| 2074 | 18.40 | 14.65 | -3.75 | — | -0.03 | 1.15 | 1.18 | ||
| 2075 | 18.45 | 14.65 | -3.80 | — | -0.03 | 1.15 | 1.18 | ||
| 2076 | 18.49 | 14.66 | -3.84 | — | -0.03 | 1.15 | 1.18 | ||
| 2077 | 18.53 | 14.66 | -3.87 | — | -0.03 | 1.15 | 1.18 | ||
| 2078 | 18.55 | 14.66 | -3.89 | — | -0.03 | 1.15 | 1.18 | ||
| 2079 | 18.56 | 14.66 | -3.90 | — | -0.03 | 1.15 | 1.18 | ||
| 2080 | 18.56 | 14.67 | -3.90 | — | -0.03 | 1.15 | 1.18 | ||
| 2081 | 18.56 | 14.67 | -3.89 | — | -0.03 | 1.15 | 1.19 | ||
| 2082 | 18.54 | 14.67 | -3.87 | — | -0.03 | 1.15 | 1.19 | ||
| 2083 | 18.51 | 14.67 | -3.85 | — | -0.03 | 1.15 | 1.19 | ||
| 2084 | 18.48 | 14.67 | -3.81 | — | -0.03 | 1.15 | 1.19 | ||
| 2085 | 18.44 | 14.66 | -3.77 | — | -0.03 | 1.15 | 1.19 | ||
| 2086 | 18.39 | 14.66 | -3.73 | — | -0.03 | 1.16 | 1.19 | ||
| 2087 | 18.33 | 14.66 | -3.67 | — | -0.03 | 1.16 | 1.19 | ||
| 2088 | 18.27 | 14.66 | -3.62 | — | -0.03 | 1.16 | 1.19 | ||
| 2089 | 18.21 | 14.65 | -3.56 | — | -0.03 | 1.16 | 1.19 | ||
| 2090 | 18.16 | 14.65 | -3.51 | — | -0.03 | 1.16 | 1.19 | ||
| 2091 | 18.11 | 14.65 | -3.46 | — | -0.03 | 1.16 | 1.19 | ||
| 2092 | 18.07 | 14.64 | -3.43 | — | -0.03 | 1.16 | 1.19 | ||
| 2093 | 18.05 | 14.64 | -3.41 | — | -0.03 | 1.16 | 1.19 | ||
| 2094 | 18.04 | 14.64 | -3.39 | — | -0.03 | 1.16 | 1.19 | ||
| 2095 | 18.03 | 14.64 | -3.39 | — | -0.03 | 1.16 | 1.19 | ||
| 2096 | 18.04 | 14.65 | -3.40 | — | -0.03 | 1.16 | 1.19 | ||
| 2097 | 18.06 | 14.65 | -3.42 | — | -0.03 | 1.16 | 1.19 | ||
| 2098 | 18.09 | 14.65 | -3.44 | — | -0.03 | 1.16 | 1.19 | ||
| 2099 | 18.13 | 14.65 | -3.47 | — | -0.03 | 1.16 | 1.20 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 17.28% | 14.61% | -2.66% | 2036 | -0.02% | 0.81% | 0.83% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.