Proposed Provision: E2.14. Apply OASDI payroll tax rate on earnings above $250,000 starting in 2019, and tax all earnings once the current-law taxable maximum exceeds $250,000. Provide benefit credit for earnings above the current-law taxable maximum that are subject to the payroll tax, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings from each year after 2018 that were in excess of that year's current-law taxable maximum; and (2) a formula factor of 2 percent on this newly computed "AIME+".

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259268
2021245264
2022230259
2023215253
2024199246
2025182239
2026165231
2027148223
2028130215
2029112208
203094200
203175193
203256187
203337180
203416173
2035-4166
2036-26160
2037-47153
2038-70146
2039-92139
2040-115133
2041-138126
2042-161120
2043-184114
2044-207108
2045-230102
2046-25397
2047-27691
2048-30086
2049-32381
2050-34676
2051-37070
2052-39365
2053-41760
2054-44054
2055-46449
2056-48743
2057-51137
2058-53631
2059-56024
2060-58517
2061-61110
2062-6373
2063-663-5
2064-690-13
2065-717-21
2066-745-30
2067-772-39
2068-801-48
2069-829-57
2070-858-67
2071-888-77
2072-918-88
2073-949-99
2074-981-110
2075-1014-121
2076-1047-133
2077-1082-144
2078-1117-157
2079-1153-169
2080-1190-181
2081-1227-194
2082-1264-206
2083-1300-219
2084-1337-231
2085-1374-244
2086-1410-257
2087-1446-270
2088-1483-283
2089-1520-297
2090-1557-311
2091-1595-325
2092-1633-339
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