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 2025. 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 |
|||
| 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 | 13.50 | -1.54 | 168 | 0.00 | 0.53 | 0.53 | ||
| 2026 | 15.23 | 13.61 | -1.62 | 153 | -0.00 | 0.53 | 0.53 | ||
| 2027 | 15.38 | 13.63 | -1.75 | 138 | -0.00 | 0.54 | 0.54 | ||
| 2028 | 15.55 | 13.68 | -1.88 | 123 | -0.00 | 0.55 | 0.55 | ||
| 2029 | 15.72 | 13.71 | -2.00 | 109 | -0.00 | 0.55 | 0.55 | ||
| 2030 | 15.87 | 13.74 | -2.13 | 94 | -0.00 | 0.56 | 0.56 | ||
| 2031 | 16.00 | 13.78 | -2.22 | 80 | -0.00 | 0.57 | 0.57 | ||
| 2032 | 16.14 | 13.81 | -2.33 | 65 | -0.00 | 0.57 | 0.57 | ||
| 2033 | 16.27 | 13.83 | -2.44 | 50 | -0.00 | 0.58 | 0.58 | ||
| 2034 | 16.38 | 13.85 | -2.54 | 35 | -0.00 | 0.59 | 0.59 | ||
| 2035 | 16.48 | 13.86 | -2.62 | 20 | -0.00 | 0.59 | 0.60 | ||
| 2036 | 16.56 | 13.88 | -2.68 | 5 | -0.00 | 0.60 | 0.60 | ||
| 2037 | 16.63 | 13.89 | -2.75 | ---- | -0.00 | 0.61 | 0.61 | ||
| 2038 | 16.70 | 13.90 | -2.79 | ---- | -0.00 | 0.61 | 0.61 | ||
| 2039 | 16.75 | 13.91 | -2.83 | ---- | -0.00 | 0.62 | 0.62 | ||
| 2040 | 16.78 | 13.92 | -2.86 | ---- | -0.00 | 0.63 | 0.63 | ||
| 2041 | 16.80 | 13.93 | -2.87 | ---- | -0.00 | 0.63 | 0.63 | ||
| 2042 | 16.82 | 13.94 | -2.88 | ---- | -0.00 | 0.64 | 0.64 | ||
| 2043 | 16.83 | 13.95 | -2.88 | ---- | -0.00 | 0.64 | 0.64 | ||
| 2044 | 16.84 | 13.95 | -2.89 | ---- | -0.00 | 0.65 | 0.65 | ||
| 2045 | 16.86 | 13.96 | -2.90 | ---- | -0.00 | 0.65 | 0.65 | ||
| 2046 | 16.88 | 13.97 | -2.91 | ---- | -0.00 | 0.66 | 0.66 | ||
| 2047 | 16.90 | 13.98 | -2.93 | ---- | -0.00 | 0.66 | 0.66 | ||
| 2048 | 16.93 | 13.98 | -2.94 | ---- | -0.00 | 0.67 | 0.67 | ||
| 2049 | 16.95 | 13.99 | -2.96 | ---- | -0.00 | 0.67 | 0.67 | ||
| 2050 | 16.99 | 14.00 | -2.99 | ---- | -0.00 | 0.68 | 0.68 | ||
| 2051 | 17.02 | 14.01 | -3.01 | ---- | -0.00 | 0.68 | 0.68 | ||
| 2052 | 17.06 | 14.02 | -3.04 | ---- | -0.00 | 0.69 | 0.69 | ||
| 2053 | 17.11 | 14.02 | -3.08 | ---- | -0.00 | 0.69 | 0.69 | ||
| 2054 | 17.16 | 14.03 | -3.13 | ---- | -0.00 | 0.70 | 0.70 | ||
| 2055 | 17.23 | 14.04 | -3.19 | ---- | -0.00 | 0.70 | 0.70 | ||
| 2056 | 17.30 | 14.05 | -3.25 | ---- | -0.00 | 0.70 | 0.71 | ||
| 2057 | 17.38 | 14.06 | -3.31 | ---- | -0.00 | 0.71 | 0.71 | ||
| 2058 | 17.46 | 14.07 | -3.38 | ---- | -0.00 | 0.71 | 0.71 | ||
| 2059 | 17.54 | 14.08 | -3.46 | ---- | -0.00 | 0.72 | 0.72 | ||
| 2060 | 17.62 | 14.09 | -3.52 | ---- | -0.00 | 0.72 | 0.72 | ||
| 2061 | 17.69 | 14.10 | -3.59 | ---- | -0.00 | 0.72 | 0.72 | ||
| 2062 | 17.76 | 14.11 | -3.65 | ---- | -0.00 | 0.73 | 0.73 | ||
| 2063 | 17.82 | 14.12 | -3.70 | ---- | -0.00 | 0.73 | 0.73 | ||
| 2064 | 17.88 | 14.13 | -3.76 | ---- | -0.00 | 0.73 | 0.73 | ||
| 2065 | 17.94 | 14.14 | -3.81 | ---- | -0.00 | 0.74 | 0.74 | ||
| 2066 | 18.00 | 14.14 | -3.86 | ---- | -0.00 | 0.74 | 0.74 | ||
| 2067 | 18.06 | 14.15 | -3.91 | ---- | -0.00 | 0.74 | 0.74 | ||
| 2068 | 18.11 | 14.16 | -3.96 | ---- | -0.00 | 0.74 | 0.74 | ||
| 2069 | 18.17 | 14.17 | -4.01 | ---- | -0.00 | 0.75 | 0.75 | ||
| 2070 | 18.23 | 14.17 | -4.06 | ---- | -0.00 | 0.75 | 0.75 | ||
| 2071 | 18.28 | 14.18 | -4.10 | ---- | -0.00 | 0.75 | 0.75 | ||
| 2072 | 18.33 | 14.19 | -4.15 | ---- | -0.00 | 0.75 | 0.76 | ||
| 2073 | 18.38 | 14.19 | -4.19 | ---- | -0.00 | 0.76 | 0.76 | ||
| 2074 | 18.43 | 14.20 | -4.23 | ---- | -0.00 | 0.76 | 0.76 | ||
| 2075 | 18.46 | 14.20 | -4.26 | ---- | -0.00 | 0.76 | 0.76 | ||
| 2076 | 18.49 | 14.21 | -4.28 | ---- | -0.00 | 0.76 | 0.76 | ||
| 2077 | 18.50 | 14.21 | -4.29 | ---- | -0.00 | 0.77 | 0.77 | ||
| 2078 | 18.50 | 14.22 | -4.29 | ---- | -0.00 | 0.77 | 0.77 | ||
| 2079 | 18.49 | 14.22 | -4.27 | ---- | -0.00 | 0.77 | 0.77 | ||
| 2080 | 18.47 | 14.22 | -4.25 | ---- | -0.00 | 0.77 | 0.77 | ||
| 2081 | 18.43 | 14.22 | -4.21 | ---- | -0.00 | 0.77 | 0.77 | ||
| 2082 | 18.39 | 14.22 | -4.17 | ---- | -0.00 | 0.78 | 0.78 | ||
| 2083 | 18.34 | 14.22 | -4.13 | ---- | -0.00 | 0.78 | 0.78 | ||
| 2084 | 18.29 | 14.22 | -4.07 | ---- | -0.00 | 0.78 | 0.78 | ||
| 2085 | 18.23 | 14.21 | -4.01 | ---- | -0.00 | 0.78 | 0.78 | ||
| 2086 | 18.16 | 14.21 | -3.95 | ---- | -0.00 | 0.78 | 0.78 | ||
| 2087 | 18.09 | 14.21 | -3.88 | ---- | -0.00 | 0.78 | 0.78 | ||
| 2088 | 18.02 | 14.21 | -3.81 | ---- | -0.00 | 0.79 | 0.79 | ||
| 2089 | 17.95 | 14.20 | -3.75 | ---- | -0.00 | 0.79 | 0.79 | ||
| 2090 | 17.89 | 14.20 | -3.69 | ---- | -0.00 | 0.79 | 0.79 | ||
| 2091 | 17.84 | 14.20 | -3.64 | ---- | -0.00 | 0.79 | 0.79 | ||
| 2092 | 17.80 | 14.20 | -3.60 | ---- | -0.00 | 0.79 | 0.79 | ||
| 2093 | 17.77 | 14.20 | -3.57 | ---- | -0.00 | 0.79 | 0.79 | ||
| 2094 | 17.75 | 14.20 | -3.55 | ---- | -0.00 | 0.79 | 0.80 | ||
| 2095 | 17.74 | 14.20 | -3.54 | ---- | -0.00 | 0.80 | 0.80 | ||
| 2096 | 17.74 | 14.20 | -3.54 | ---- | -0.00 | 0.80 | 0.80 | ||
| 2097 | 17.75 | 14.20 | -3.55 | ---- | -0.00 | 0.80 | 0.80 | ||
| 2098 | 17.77 | 14.21 | -3.56 | ---- | -0.00 | 0.80 | 0.80 | ||
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% | 14.45% | -2.94% | 2036 | -0.00% | 0.67% | 0.67% | ||
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.