Proposed Provision: Eliminate the taxable maximum in years 2012 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 356 |
| 2014 | 334 | 366 |
| 2015 | 328 | 375 |
| 2016 | 321 | 384 |
| 2017 | 314 | 393 |
| 2018 | 306 | 399 |
| 2019 | 296 | 403 |
| 2020 | 284 | 405 |
| 2021 | 272 | 406 |
| 2022 | 259 | 406 |
| 2023 | 245 | 404 |
| 2024 | 230 | 402 |
| 2025 | 214 | 399 |
| 2026 | 198 | 396 |
| 2027 | 181 | 392 |
| 2028 | 164 | 387 |
| 2029 | 145 | 381 |
| 2030 | 127 | 376 |
| 2031 | 107 | 370 |
| 2032 | 87 | 363 |
| 2033 | 67 | 357 |
| 2034 | 46 | 350 |
| 2035 | 25 | 344 |
| 2036 | 4 | 337 |
| 2037 | -18 | 331 |
| 2038 | -40 | 324 |
| 2039 | -62 | 318 |
| 2040 | -85 | 312 |
| 2041 | -108 | 306 |
| 2042 | -130 | 300 |
| 2043 | -153 | 295 |
| 2044 | -176 | 289 |
| 2045 | -200 | 283 |
| 2046 | -223 | 277 |
| 2047 | -247 | 271 |
| 2048 | -271 | 266 |
| 2049 | -295 | 260 |
| 2050 | -319 | 254 |
| 2051 | -343 | 248 |
| 2052 | -368 | 241 |
| 2053 | -393 | 235 |
| 2054 | -418 | 228 |
| 2055 | -443 | 221 |
| 2056 | -468 | 214 |
| 2057 | -494 | 206 |
| 2058 | -521 | 199 |
| 2059 | -548 | 191 |
| 2060 | -575 | 183 |
| 2061 | -602 | 175 |
| 2062 | -630 | 167 |
| 2063 | -659 | 158 |
| 2064 | -687 | 150 |
| 2065 | -716 | 141 |
| 2066 | -746 | 132 |
| 2067 | -775 | 123 |
| 2068 | -805 | 113 |
| 2069 | -835 | 104 |
| 2070 | -866 | 94 |
| 2071 | -897 | 83 |
| 2072 | -928 | 73 |
| 2073 | -960 | 62 |
| 2074 | -992 | 51 |
| 2075 | -1025 | 39 |
| 2076 | -1058 | 28 |
| 2077 | -1092 | 16 |
| 2078 | -1126 | 4 |
| 2079 | -1161 | -9 |
| 2080 | -1196 | -22 |
| 2081 | -1232 | -35 |
| 2082 | -1268 | -49 |
| 2083 | -1305 | -62 |
| 2084 | -1342 | -76 |
| 2085 | -1380 | -91 |
| 2086 | -1419 | -106 |
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