Detailed Single Year Tables
Description of Proposed Provision:
F11: Apply a separate 12.4-percent tax on net investment income (NII), as defined in the Affordable Care Act (ACA), payable to the OASI and DI Trust Funds with an unindexed threshold of $400,000, effective 2025 and later. The NII tax would apply to the lesser of NII and the excess of modified adjusted income (MAGI) above the unindexed threshold of $400,000. This single threshold would apply regardless of tax filing status.
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 |
|||
| 2023 | 14.53 | 13.29 | -1.24 | 204 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.87 | 12.89 | -1.98 | 187 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.04 | 13.85 | -1.19 | 168 | 0.00 | 0.88 | 0.88 | ||
| 2026 | 15.23 | 13.97 | -1.26 | 155 | -0.00 | 0.89 | 0.89 | ||
| 2027 | 15.38 | 14.00 | -1.38 | 142 | -0.00 | 0.90 | 0.90 | ||
| 2028 | 15.55 | 14.04 | -1.51 | 130 | -0.00 | 0.91 | 0.91 | ||
| 2029 | 15.72 | 14.09 | -1.63 | 118 | -0.00 | 0.92 | 0.93 | ||
| 2030 | 15.87 | 14.12 | -1.75 | 105 | -0.00 | 0.93 | 0.94 | ||
| 2031 | 16.00 | 14.16 | -1.84 | 93 | -0.00 | 0.95 | 0.95 | ||
| 2032 | 16.14 | 14.19 | -1.95 | 80 | -0.00 | 0.96 | 0.96 | ||
| 2033 | 16.27 | 14.22 | -2.05 | 67 | -0.00 | 0.97 | 0.97 | ||
| 2034 | 16.38 | 14.24 | -2.14 | 55 | -0.00 | 0.98 | 0.98 | ||
| 2035 | 16.48 | 14.26 | -2.22 | 42 | -0.00 | 0.99 | 0.99 | ||
| 2036 | 16.55 | 14.27 | -2.28 | 29 | -0.00 | 1.00 | 1.00 | ||
| 2037 | 16.63 | 14.29 | -2.34 | 16 | -0.00 | 1.01 | 1.01 | ||
| 2038 | 16.69 | 14.31 | -2.39 | 2 | -0.00 | 1.02 | 1.02 | ||
| 2039 | 16.74 | 14.33 | -2.42 | ---- | -0.00 | 1.03 | 1.04 | ||
| 2040 | 16.78 | 14.34 | -2.43 | ---- | -0.00 | 1.05 | 1.05 | ||
| 2041 | 16.80 | 14.36 | -2.44 | ---- | -0.00 | 1.06 | 1.06 | ||
| 2042 | 16.82 | 14.38 | -2.44 | ---- | -0.00 | 1.08 | 1.08 | ||
| 2043 | 16.83 | 14.40 | -2.43 | ---- | -0.00 | 1.09 | 1.09 | ||
| 2044 | 16.84 | 14.41 | -2.43 | ---- | -0.00 | 1.11 | 1.11 | ||
| 2045 | 16.86 | 14.43 | -2.43 | ---- | -0.00 | 1.12 | 1.12 | ||
| 2046 | 16.88 | 14.45 | -2.43 | ---- | -0.00 | 1.14 | 1.14 | ||
| 2047 | 16.90 | 14.46 | -2.44 | ---- | -0.00 | 1.15 | 1.15 | ||
| 2048 | 16.92 | 14.48 | -2.44 | ---- | -0.00 | 1.17 | 1.17 | ||
| 2049 | 16.95 | 14.50 | -2.46 | ---- | -0.00 | 1.18 | 1.18 | ||
| 2050 | 16.99 | 14.51 | -2.47 | ---- | -0.00 | 1.19 | 1.19 | ||
| 2051 | 17.02 | 14.53 | -2.49 | ---- | -0.00 | 1.20 | 1.21 | ||
| 2052 | 17.06 | 14.54 | -2.51 | ---- | -0.00 | 1.22 | 1.22 | ||
| 2053 | 17.11 | 14.56 | -2.55 | ---- | -0.00 | 1.23 | 1.23 | ||
| 2054 | 17.16 | 14.58 | -2.59 | ---- | -0.00 | 1.24 | 1.24 | ||
| 2055 | 17.23 | 14.59 | -2.63 | ---- | -0.00 | 1.25 | 1.25 | ||
| 2056 | 17.30 | 14.61 | -2.69 | ---- | -0.00 | 1.26 | 1.26 | ||
| 2057 | 17.38 | 14.62 | -2.75 | ---- | -0.00 | 1.27 | 1.27 | ||
| 2058 | 17.46 | 14.64 | -2.82 | ---- | -0.00 | 1.28 | 1.28 | ||
| 2059 | 17.54 | 14.66 | -2.88 | ---- | -0.00 | 1.29 | 1.29 | ||
| 2060 | 17.62 | 14.67 | -2.94 | ---- | -0.00 | 1.30 | 1.30 | ||
| 2061 | 17.69 | 14.69 | -3.00 | ---- | -0.00 | 1.31 | 1.31 | ||
| 2062 | 17.76 | 14.70 | -3.06 | ---- | -0.00 | 1.32 | 1.32 | ||
| 2063 | 17.82 | 14.72 | -3.10 | ---- | -0.00 | 1.33 | 1.33 | ||
| 2064 | 17.88 | 14.73 | -3.15 | ---- | -0.00 | 1.34 | 1.34 | ||
| 2065 | 17.94 | 14.74 | -3.20 | ---- | -0.00 | 1.34 | 1.35 | ||
| 2066 | 18.00 | 14.76 | -3.25 | ---- | -0.00 | 1.35 | 1.35 | ||
| 2067 | 18.06 | 14.77 | -3.29 | ---- | -0.00 | 1.36 | 1.36 | ||
| 2068 | 18.11 | 14.78 | -3.33 | ---- | -0.00 | 1.37 | 1.37 | ||
| 2069 | 18.17 | 14.80 | -3.38 | ---- | -0.00 | 1.38 | 1.38 | ||
| 2070 | 18.23 | 14.81 | -3.42 | ---- | -0.00 | 1.39 | 1.39 | ||
| 2071 | 18.28 | 14.82 | -3.46 | ---- | -0.00 | 1.39 | 1.40 | ||
| 2072 | 18.33 | 14.83 | -3.50 | ---- | -0.00 | 1.40 | 1.40 | ||
| 2073 | 18.38 | 14.85 | -3.54 | ---- | -0.00 | 1.41 | 1.41 | ||
| 2074 | 18.43 | 14.86 | -3.57 | ---- | -0.00 | 1.42 | 1.42 | ||
| 2075 | 18.46 | 14.87 | -3.59 | ---- | -0.00 | 1.43 | 1.43 | ||
| 2076 | 18.49 | 14.88 | -3.61 | ---- | -0.00 | 1.43 | 1.43 | ||
| 2077 | 18.50 | 14.88 | -3.62 | ---- | -0.00 | 1.44 | 1.44 | ||
| 2078 | 18.50 | 14.89 | -3.61 | ---- | -0.00 | 1.44 | 1.44 | ||
| 2079 | 18.49 | 14.90 | -3.59 | ---- | -0.00 | 1.45 | 1.45 | ||
| 2080 | 18.46 | 14.90 | -3.56 | ---- | -0.00 | 1.45 | 1.46 | ||
| 2081 | 18.43 | 14.90 | -3.53 | ---- | -0.00 | 1.46 | 1.46 | ||
| 2082 | 18.39 | 14.91 | -3.48 | ---- | -0.00 | 1.47 | 1.47 | ||
| 2083 | 18.34 | 14.91 | -3.43 | ---- | -0.00 | 1.47 | 1.47 | ||
| 2084 | 18.29 | 14.91 | -3.37 | ---- | -0.00 | 1.48 | 1.48 | ||
| 2085 | 18.23 | 14.91 | -3.31 | ---- | -0.00 | 1.48 | 1.48 | ||
| 2086 | 18.16 | 14.92 | -3.24 | ---- | -0.00 | 1.49 | 1.49 | ||
| 2087 | 18.09 | 14.92 | -3.17 | ---- | -0.00 | 1.49 | 1.49 | ||
| 2088 | 18.02 | 14.92 | -3.10 | ---- | -0.00 | 1.50 | 1.50 | ||
| 2089 | 17.95 | 14.92 | -3.03 | ---- | -0.00 | 1.50 | 1.50 | ||
| 2090 | 17.89 | 14.92 | -2.97 | ---- | -0.00 | 1.50 | 1.51 | ||
| 2091 | 17.84 | 14.92 | -2.92 | ---- | -0.00 | 1.51 | 1.51 | ||
| 2092 | 17.80 | 14.92 | -2.88 | ---- | -0.00 | 1.51 | 1.51 | ||
| 2093 | 17.77 | 14.92 | -2.85 | ---- | -0.00 | 1.52 | 1.52 | ||
| 2094 | 17.75 | 14.93 | -2.83 | ---- | -0.00 | 1.52 | 1.52 | ||
| 2095 | 17.74 | 14.93 | -2.81 | ---- | -0.00 | 1.53 | 1.53 | ||
| 2096 | 17.74 | 14.93 | -2.81 | ---- | -0.00 | 1.53 | 1.53 | ||
| 2097 | 17.75 | 14.94 | -2.81 | ---- | -0.00 | 1.53 | 1.53 | ||
| 2098 | 17.77 | 14.94 | -2.83 | ---- | -0.00 | 1.54 | 1.54 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2023-2097 | 17.38% | 14.98% | -2.40% | 2038 | -0.00% | 1.20% | 1.20% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2023 Trustees Report.