Proposed Provision: Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2019-2066, and a 3 percent rate for years 2067 and later. Do not 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
2016303303
2017293293
2018277277
2019262262
2020246249
2021231237
2022216224
2023200210
2024183196
2025165181
2026149166
2027132152
2028115137
202998122
203081108
20316493
20324678
20332762
2034846
2035-1129
2036-3012
2037-50-5
2038-71-22
2039-91-40
2040-112-58
2041-133-76
2042-154-94
2043-176-112
2044-197-131
2045-218-149
2046-240-167
2047-262-186
2048-283-204
2049-305-223
2050-327-241
2051-349-260
2052-371-278
2053-393-297
2054-415-316
2055-437-335
2056-460-354
2057-482-374
2058-506-394
2059-529-414
2060-553-435
2061-578-456
2062-603-477
2063-628-499
2064-654-522
2065-680-544
2066-706-567
2067-733-591
2068-760-613
2069-788-636
2070-816-660
2071-845-684
2072-874-709
2073-905-734
2074-935-760
2075-967-786
2076-1000-814
2077-1033-842
2078-1068-870
2079-1102-899
2080-1138-929
2081-1173-958
2082-1208-988
2083-1243-1018
2084-1279-1047
2085-1314-1076
2086-1349-1106
2087-1384-1135
2088-1419-1165
2089-1455-1195
2090-1491-1226
2091-1528-1257
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