Proposed Provision: Beginning in 2022, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2022. Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219219
2022203203
2023187189
2024171173
2025154157
2026137141
2027119125
2028101108
20298390
20306472
20314453
20322334
2033213
2034-20-7
2035-42-28
2036-65-50
2037-88-72
2038-112-94
2039-136-117
2040-160-140
2041-185-164
2042-210-187
2043-235-211
2044-260-234
2045-285-258
2046-310-282
2047-336-306
2048-362-331
2049-388-356
2050-415-381
2051-442-406
2052-468-432
2053-495-457
2054-523-483
2055-550-509
2056-578-535
2057-606-562
2058-635-589
2059-664-617
2060-694-646
2061-725-674
2062-756-704
2063-787-734
2064-819-764
2065-852-795
2066-885-826
2067-918-858
2068-952-890
2069-987-923
2070-1022-957
2071-1057-991
2072-1094-1026
2073-1132-1062
2074-1171-1099
2075-1210-1136
2076-1251-1175
2077-1293-1215
2078-1335-1255
2079-1378-1296
2080-1421-1336
2081-1464-1377
2082-1507-1418
2083-1550-1459
2084-1593-1501
2085-1636-1542
2086-1680-1583
2087-1724-1625
2088-1769-1668
2089-1814-1711
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