Proposed Provision: E3.13. Beginning in 2028, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $584,700 in 2028), with the threshold wage-indexed after 2028. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 183 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 113 |
| 2030 | 94 | 96 |
| 2031 | 76 | 79 |
| 2032 | 58 | 61 |
| 2033 | 39 | 44 |
| 2034 | 20 | 26 |
| 2035 | 1 | 8 |
| 2036 | -19 | -11 |
| 2037 | -38 | -30 |
| 2038 | -59 | -49 |
| 2039 | -80 | -69 |
| 2040 | -101 | -89 |
| 2041 | -122 | -109 |
| 2042 | -144 | -130 |
| 2043 | -166 | -150 |
| 2044 | -188 | -171 |
| 2045 | -210 | -192 |
| 2046 | -232 | -214 |
| 2047 | -255 | -235 |
| 2048 | -277 | -256 |
| 2049 | -299 | -277 |
| 2050 | -322 | -298 |
| 2051 | -344 | -320 |
| 2052 | -367 | -341 |
| 2053 | -389 | -362 |
| 2054 | -412 | -384 |
| 2055 | -434 | -406 |
| 2056 | -457 | -427 |
| 2057 | -480 | -449 |
| 2058 | -504 | -471 |
| 2059 | -527 | -494 |
| 2060 | -551 | -516 |
| 2061 | -575 | -539 |
| 2062 | -599 | -563 |
| 2063 | -624 | -587 |
| 2064 | -650 | -611 |
| 2065 | -676 | -635 |
| 2066 | -702 | -660 |
| 2067 | -728 | -686 |
| 2068 | -755 | -711 |
| 2069 | -782 | -737 |
| 2070 | -809 | -763 |
| 2071 | -837 | -790 |
| 2072 | -866 | -818 |
| 2073 | -895 | -846 |
| 2074 | -925 | -874 |
| 2075 | -955 | -903 |
| 2076 | -986 | -933 |
| 2077 | -1018 | -963 |
| 2078 | -1051 | -995 |
| 2079 | -1084 | -1027 |
| 2080 | -1119 | -1060 |
| 2081 | -1154 | -1094 |
| 2082 | -1190 | -1128 |
| 2083 | -1226 | -1163 |
| 2084 | -1263 | -1198 |
| 2085 | -1300 | -1233 |
| 2086 | -1337 | -1269 |
| 2087 | -1374 | -1305 |
| 2088 | -1411 | -1340 |
| 2089 | -1448 | -1375 |
| 2090 | -1484 | -1410 |
| 2091 | -1520 | -1444 |
| 2092 | -1554 | -1477 |
| 2093 | -1589 | -1510 |
| 2094 | -1623 | -1543 |
| 2095 | -1657 | -1575 |
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