Detailed Single Year Tables
Description of Proposed Provision:
H4: Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2025. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.
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 | 12.78 | -2.26 | 168 | 0.00 | -0.19 | -0.19 | ||
| 2026 | 15.24 | 12.84 | -2.39 | 148 | 0.00 | -0.24 | -0.24 | ||
| 2027 | 15.38 | 12.86 | -2.52 | 129 | 0.00 | -0.23 | -0.23 | ||
| 2028 | 15.56 | 12.90 | -2.66 | 109 | 0.00 | -0.23 | -0.23 | ||
| 2029 | 15.72 | 12.93 | -2.79 | 90 | 0.00 | -0.23 | -0.23 | ||
| 2030 | 15.87 | 12.96 | -2.91 | 72 | 0.00 | -0.22 | -0.22 | ||
| 2031 | 16.00 | 12.99 | -3.01 | 53 | 0.00 | -0.22 | -0.22 | ||
| 2032 | 16.15 | 13.02 | -3.12 | 34 | 0.00 | -0.21 | -0.22 | ||
| 2033 | 16.27 | 13.04 | -3.23 | 15 | 0.00 | -0.21 | -0.21 | ||
| 2034 | 16.38 | 13.06 | -3.33 | ---- | 0.00 | -0.20 | -0.20 | ||
| 2035 | 16.48 | 13.07 | -3.41 | ---- | 0.00 | -0.19 | -0.20 | ||
| 2036 | 16.56 | 13.09 | -3.47 | ---- | 0.00 | -0.19 | -0.19 | ||
| 2037 | 16.64 | 13.10 | -3.54 | ---- | 0.00 | -0.18 | -0.18 | ||
| 2038 | 16.70 | 13.11 | -3.58 | ---- | 0.00 | -0.17 | -0.17 | ||
| 2039 | 16.75 | 13.13 | -3.62 | ---- | 0.00 | -0.17 | -0.17 | ||
| 2040 | 16.78 | 13.14 | -3.65 | ---- | 0.00 | -0.16 | -0.16 | ||
| 2041 | 16.81 | 13.15 | -3.66 | ---- | 0.00 | -0.15 | -0.15 | ||
| 2042 | 16.82 | 13.16 | -3.66 | ---- | 0.00 | -0.15 | -0.15 | ||
| 2043 | 16.83 | 13.16 | -3.67 | ---- | 0.00 | -0.14 | -0.14 | ||
| 2044 | 16.85 | 13.17 | -3.67 | ---- | 0.00 | -0.13 | -0.13 | ||
| 2045 | 16.86 | 13.18 | -3.68 | ---- | 0.00 | -0.13 | -0.13 | ||
| 2046 | 16.88 | 13.19 | -3.69 | ---- | 0.00 | -0.12 | -0.12 | ||
| 2047 | 16.90 | 13.20 | -3.71 | ---- | 0.00 | -0.11 | -0.12 | ||
| 2048 | 16.93 | 13.21 | -3.72 | ---- | 0.00 | -0.11 | -0.11 | ||
| 2049 | 16.96 | 13.21 | -3.74 | ---- | 0.00 | -0.10 | -0.10 | ||
| 2050 | 16.99 | 13.22 | -3.77 | ---- | 0.00 | -0.10 | -0.10 | ||
| 2051 | 17.02 | 13.23 | -3.79 | ---- | 0.00 | -0.09 | -0.09 | ||
| 2052 | 17.06 | 13.24 | -3.82 | ---- | 0.00 | -0.09 | -0.09 | ||
| 2053 | 17.11 | 13.25 | -3.86 | ---- | 0.00 | -0.08 | -0.09 | ||
| 2054 | 17.17 | 13.26 | -3.91 | ---- | 0.00 | -0.08 | -0.08 | ||
| 2055 | 17.23 | 13.27 | -3.97 | ---- | 0.00 | -0.08 | -0.08 | ||
| 2056 | 17.30 | 13.28 | -4.03 | ---- | 0.00 | -0.07 | -0.07 | ||
| 2057 | 17.38 | 13.29 | -4.09 | ---- | 0.00 | -0.07 | -0.07 | ||
| 2058 | 17.46 | 13.30 | -4.16 | ---- | 0.00 | -0.07 | -0.07 | ||
| 2059 | 17.54 | 13.31 | -4.23 | ---- | 0.00 | -0.06 | -0.06 | ||
| 2060 | 17.62 | 13.32 | -4.30 | ---- | 0.00 | -0.06 | -0.06 | ||
| 2061 | 17.69 | 13.32 | -4.37 | ---- | 0.00 | -0.06 | -0.06 | ||
| 2062 | 17.76 | 13.33 | -4.43 | ---- | 0.00 | -0.05 | -0.05 | ||
| 2063 | 17.82 | 13.34 | -4.48 | ---- | 0.00 | -0.05 | -0.05 | ||
| 2064 | 17.89 | 13.35 | -4.54 | ---- | 0.00 | -0.05 | -0.05 | ||
| 2065 | 17.95 | 13.36 | -4.59 | ---- | 0.00 | -0.04 | -0.04 | ||
| 2066 | 18.00 | 13.36 | -4.64 | ---- | 0.00 | -0.04 | -0.04 | ||
| 2067 | 18.06 | 13.37 | -4.69 | ---- | 0.00 | -0.04 | -0.04 | ||
| 2068 | 18.12 | 13.38 | -4.74 | ---- | 0.00 | -0.04 | -0.04 | ||
| 2069 | 18.17 | 13.38 | -4.79 | ---- | 0.00 | -0.04 | -0.04 | ||
| 2070 | 18.23 | 13.39 | -4.84 | ---- | 0.00 | -0.03 | -0.03 | ||
| 2071 | 18.28 | 13.40 | -4.89 | ---- | 0.00 | -0.03 | -0.03 | ||
| 2072 | 18.33 | 13.40 | -4.93 | ---- | 0.00 | -0.03 | -0.03 | ||
| 2073 | 18.38 | 13.41 | -4.98 | ---- | 0.00 | -0.03 | -0.03 | ||
| 2074 | 18.43 | 13.41 | -5.01 | ---- | 0.00 | -0.03 | -0.03 | ||
| 2075 | 18.46 | 13.42 | -5.05 | ---- | 0.00 | -0.03 | -0.03 | ||
| 2076 | 18.49 | 13.42 | -5.07 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2077 | 18.50 | 13.42 | -5.08 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2078 | 18.50 | 13.43 | -5.08 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2079 | 18.49 | 13.43 | -5.06 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2080 | 18.47 | 13.43 | -5.04 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2081 | 18.43 | 13.43 | -5.01 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2082 | 18.39 | 13.43 | -4.97 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2083 | 18.35 | 13.42 | -4.92 | ---- | 0.00 | -0.02 | -0.02 | ||
| 2084 | 18.29 | 13.42 | -4.87 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2085 | 18.23 | 13.42 | -4.81 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2086 | 18.16 | 13.42 | -4.74 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2087 | 18.09 | 13.41 | -4.68 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2088 | 18.02 | 13.41 | -4.61 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2089 | 17.95 | 13.41 | -4.55 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2090 | 17.89 | 13.40 | -4.49 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2091 | 17.84 | 13.40 | -4.44 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2092 | 17.80 | 13.40 | -4.40 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2093 | 17.77 | 13.40 | -4.37 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2094 | 17.75 | 13.40 | -4.36 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2095 | 17.74 | 13.40 | -4.35 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2096 | 17.74 | 13.40 | -4.35 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2097 | 17.75 | 13.40 | -4.36 | ---- | 0.00 | -0.01 | -0.01 | ||
| 2098 | 17.77 | 13.40 | -4.37 | ---- | 0.00 | -0.01 | -0.01 | ||
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% | 13.68% | -3.70% | 2033 | 0.00% | -0.09% | -0.09% | ||
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.