Detailed Single Year Tables
Description of Proposed Provision:
F6: Apply a separate 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 2024. 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 |
|||
| 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 | 13.76 | -0.68 | 194 | 0.00 | 0.81 | 0.81 | ||
| 2025 | 14.66 | 13.78 | -0.87 | 182 | -0.00 | 0.81 | 0.81 | ||
| 2026 | 14.88 | 13.90 | -0.98 | 170 | -0.00 | 0.82 | 0.82 | ||
| 2027 | 15.10 | 13.92 | -1.18 | 158 | -0.00 | 0.82 | 0.82 | ||
| 2028 | 15.33 | 13.97 | -1.36 | 146 | -0.00 | 0.83 | 0.83 | ||
| 2029 | 15.53 | 14.01 | -1.52 | 133 | -0.00 | 0.83 | 0.84 | ||
| 2030 | 15.72 | 14.04 | -1.68 | 121 | -0.00 | 0.84 | 0.84 | ||
| 2031 | 15.90 | 14.08 | -1.83 | 108 | -0.00 | 0.85 | 0.85 | ||
| 2032 | 16.07 | 14.10 | -1.97 | 95 | -0.00 | 0.86 | 0.86 | ||
| 2033 | 16.20 | 14.12 | -2.09 | 83 | -0.00 | 0.86 | 0.86 | ||
| 2034 | 16.32 | 14.13 | -2.19 | 70 | -0.00 | 0.87 | 0.87 | ||
| 2035 | 16.42 | 14.15 | -2.27 | 57 | -0.00 | 0.88 | 0.88 | ||
| 2036 | 16.50 | 14.16 | -2.33 | 43 | -0.00 | 0.89 | 0.89 | ||
| 2037 | 16.58 | 14.18 | -2.40 | 30 | -0.00 | 0.89 | 0.90 | ||
| 2038 | 16.64 | 14.19 | -2.44 | 16 | -0.00 | 0.90 | 0.90 | ||
| 2039 | 16.69 | 14.21 | -2.48 | 1 | -0.00 | 0.91 | 0.91 | ||
| 2040 | 16.72 | 14.22 | -2.50 | ---- | -0.00 | 0.92 | 0.92 | ||
| 2041 | 16.74 | 14.23 | -2.51 | ---- | -0.00 | 0.93 | 0.93 | ||
| 2042 | 16.76 | 14.24 | -2.53 | ---- | -0.00 | 0.94 | 0.94 | ||
| 2043 | 16.78 | 14.25 | -2.53 | ---- | -0.00 | 0.94 | 0.95 | ||
| 2044 | 16.80 | 14.26 | -2.54 | ---- | -0.00 | 0.95 | 0.95 | ||
| 2045 | 16.82 | 14.27 | -2.55 | ---- | -0.00 | 0.96 | 0.96 | ||
| 2046 | 16.84 | 14.28 | -2.56 | ---- | -0.00 | 0.97 | 0.97 | ||
| 2047 | 16.86 | 14.29 | -2.58 | ---- | -0.00 | 0.97 | 0.98 | ||
| 2048 | 16.89 | 14.30 | -2.59 | ---- | -0.00 | 0.98 | 0.98 | ||
| 2049 | 16.91 | 14.31 | -2.61 | ---- | -0.00 | 0.99 | 0.99 | ||
| 2050 | 16.95 | 14.31 | -2.63 | ---- | -0.00 | 1.00 | 1.00 | ||
| 2051 | 16.98 | 14.32 | -2.65 | ---- | -0.00 | 1.00 | 1.00 | ||
| 2052 | 17.01 | 14.33 | -2.68 | ---- | -0.00 | 1.01 | 1.01 | ||
| 2053 | 17.05 | 14.34 | -2.71 | ---- | -0.00 | 1.01 | 1.02 | ||
| 2054 | 17.10 | 14.35 | -2.75 | ---- | -0.00 | 1.02 | 1.02 | ||
| 2055 | 17.15 | 14.36 | -2.79 | ---- | -0.00 | 1.03 | 1.03 | ||
| 2056 | 17.20 | 14.37 | -2.83 | ---- | -0.00 | 1.03 | 1.03 | ||
| 2057 | 17.26 | 14.38 | -2.88 | ---- | -0.00 | 1.04 | 1.04 | ||
| 2058 | 17.32 | 14.39 | -2.93 | ---- | -0.00 | 1.04 | 1.04 | ||
| 2059 | 17.39 | 14.40 | -2.98 | ---- | -0.00 | 1.05 | 1.05 | ||
| 2060 | 17.45 | 14.41 | -3.04 | ---- | -0.00 | 1.05 | 1.05 | ||
| 2061 | 17.51 | 14.42 | -3.09 | ---- | -0.00 | 1.06 | 1.06 | ||
| 2062 | 17.57 | 14.43 | -3.14 | ---- | -0.00 | 1.06 | 1.06 | ||
| 2063 | 17.63 | 14.44 | -3.18 | ---- | -0.00 | 1.07 | 1.07 | ||
| 2064 | 17.68 | 14.45 | -3.23 | ---- | -0.00 | 1.07 | 1.07 | ||
| 2065 | 17.73 | 14.46 | -3.27 | ---- | -0.00 | 1.08 | 1.08 | ||
| 2066 | 17.78 | 14.47 | -3.31 | ---- | -0.00 | 1.08 | 1.08 | ||
| 2067 | 17.83 | 14.47 | -3.36 | ---- | -0.00 | 1.08 | 1.09 | ||
| 2068 | 17.89 | 14.48 | -3.40 | ---- | -0.00 | 1.09 | 1.09 | ||
| 2069 | 17.94 | 14.49 | -3.45 | ---- | -0.00 | 1.09 | 1.09 | ||
| 2070 | 18.00 | 14.50 | -3.50 | ---- | -0.00 | 1.10 | 1.10 | ||
| 2071 | 18.06 | 14.51 | -3.55 | ---- | -0.00 | 1.10 | 1.10 | ||
| 2072 | 18.11 | 14.52 | -3.59 | ---- | -0.00 | 1.10 | 1.11 | ||
| 2073 | 18.16 | 14.52 | -3.64 | ---- | -0.00 | 1.11 | 1.11 | ||
| 2074 | 18.21 | 14.53 | -3.68 | ---- | -0.00 | 1.11 | 1.11 | ||
| 2075 | 18.25 | 14.54 | -3.72 | ---- | -0.00 | 1.11 | 1.12 | ||
| 2076 | 18.29 | 14.54 | -3.74 | ---- | -0.00 | 1.12 | 1.12 | ||
| 2077 | 18.31 | 14.55 | -3.76 | ---- | -0.00 | 1.12 | 1.12 | ||
| 2078 | 18.32 | 14.55 | -3.76 | ---- | -0.00 | 1.13 | 1.13 | ||
| 2079 | 18.31 | 14.56 | -3.76 | ---- | -0.00 | 1.13 | 1.13 | ||
| 2080 | 18.30 | 14.56 | -3.74 | ---- | -0.00 | 1.13 | 1.13 | ||
| 2081 | 18.28 | 14.56 | -3.71 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2082 | 18.24 | 14.56 | -3.68 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2083 | 18.20 | 14.57 | -3.64 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2084 | 18.16 | 14.57 | -3.59 | ---- | -0.00 | 1.14 | 1.15 | ||
| 2085 | 18.10 | 14.57 | -3.54 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2086 | 18.05 | 14.57 | -3.48 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2087 | 17.98 | 14.56 | -3.42 | ---- | -0.00 | 1.15 | 1.16 | ||
| 2088 | 17.91 | 14.56 | -3.35 | ---- | -0.00 | 1.16 | 1.16 | ||
| 2089 | 17.85 | 14.56 | -3.29 | ---- | -0.00 | 1.16 | 1.16 | ||
| 2090 | 17.79 | 14.56 | -3.23 | ---- | -0.00 | 1.16 | 1.16 | ||
| 2091 | 17.74 | 14.56 | -3.18 | ---- | -0.00 | 1.17 | 1.17 | ||
| 2092 | 17.70 | 14.56 | -3.14 | ---- | -0.00 | 1.17 | 1.17 | ||
| 2093 | 17.67 | 14.56 | -3.11 | ---- | -0.00 | 1.17 | 1.17 | ||
| 2094 | 17.65 | 14.56 | -3.09 | ---- | -0.00 | 1.17 | 1.17 | ||
| 2095 | 17.64 | 14.56 | -3.08 | ---- | -0.00 | 1.17 | 1.18 | ||
| 2096 | 17.64 | 14.57 | -3.07 | ---- | -0.00 | 1.18 | 1.18 | ||
| 2097 | 17.65 | 14.57 | -3.08 | ---- | -0.00 | 1.18 | 1.18 | ||
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% | 14.76% | -2.44% | 2039 | -0.00% | 0.98% | 0.98% | ||
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.