Proposed Provision: E3.9. Beginning in 2031, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $348,300 in 2031), with the threshold wage-indexed after 2031. Do not provide benefit credit for additional earnings taxed.

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

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324344
20332528
2034712
2035-12-5
2036-31-22
2037-51-40
2038-70-58
2039-91-77
2040-112-96
2041-133-115
2042-154-135
2043-176-155
2044-198-175
2045-220-195
2046-243-216
2047-265-236
2048-288-257
2049-311-278
2050-333-299
2051-357-320
2052-380-341
2053-403-363
2054-427-384
2055-450-406
2056-474-428
2057-498-450
2058-522-472
2059-547-495
2060-572-518
2061-597-542
2062-623-566
2063-650-591
2064-677-617
2065-705-642
2066-733-669
2067-762-695
2068-791-722
2069-820-750
2070-850-778
2071-880-806
2072-911-835
2073-942-864
2074-974-893
2075-1006-924
2076-1039-955
2077-1074-986
2078-1108-1019
2079-1144-1053
2080-1181-1087
2081-1218-1122
2082-1256-1157
2083-1294-1193
2084-1333-1229
2085-1373-1266
2086-1413-1303
2087-1453-1341
2088-1494-1379
2089-1534-1416
2090-1574-1453
2091-1613-1489
2092-1651-1525
2093-1689-1560
2094-1726-1595
2095-1762-1628
2096-1798-1662
2097-1833-1694
2098-1868-1727
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