Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2027, and tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 123 |
| 2029 | 92 | 117 |
| 2030 | 74 | 112 |
| 2031 | 57 | 108 |
| 2032 | 40 | 104 |
| 2033 | 23 | 102 |
| 2034 | 7 | 101 |
| 2035 | -9 | 101 |
| 2036 | -25 | 100 |
| 2037 | -41 | 99 |
| 2038 | -58 | 98 |
| 2039 | -76 | 96 |
| 2040 | -94 | 94 |
| 2041 | -112 | 91 |
| 2042 | -132 | 89 |
| 2043 | -151 | 86 |
| 2044 | -171 | 82 |
| 2045 | -192 | 78 |
| 2046 | -213 | 74 |
| 2047 | -234 | 70 |
| 2048 | -256 | 65 |
| 2049 | -279 | 60 |
| 2050 | -301 | 54 |
| 2051 | -324 | 48 |
| 2052 | -347 | 42 |
| 2053 | -371 | 35 |
| 2054 | -395 | 27 |
| 2055 | -420 | 19 |
| 2056 | -445 | 10 |
| 2057 | -470 | 1 |
| 2058 | -496 | -9 |
| 2059 | -522 | -20 |
| 2060 | -550 | -31 |
| 2061 | -578 | -43 |
| 2062 | -607 | -56 |
| 2063 | -636 | -69 |
| 2064 | -666 | -83 |
| 2065 | -697 | -97 |
| 2066 | -729 | -112 |
| 2067 | -761 | -128 |
| 2068 | -794 | -144 |
| 2069 | -827 | -160 |
| 2070 | -861 | -177 |
| 2071 | -896 | -195 |
| 2072 | -931 | -213 |
| 2073 | -967 | -232 |
| 2074 | -1004 | -252 |
| 2075 | -1042 | -272 |
| 2076 | -1081 | -293 |
| 2077 | -1121 | -314 |
| 2078 | -1162 | -337 |
| 2079 | -1204 | -359 |
| 2080 | -1248 | -383 |
| 2081 | -1292 | -407 |
| 2082 | -1337 | -431 |
| 2083 | -1384 | -456 |
| 2084 | -1431 | -481 |
| 2085 | -1480 | -508 |
| 2086 | -1530 | -534 |
| 2087 | -1581 | -561 |
| 2088 | -1633 | -589 |
| 2089 | -1686 | -617 |
| 2090 | -1740 | -645 |
| 2091 | -1795 | -674 |
| 2092 | -1850 | -703 |
| 2093 | -1906 | -732 |
| 2094 | -1962 | -761 |
| 2095 | -2019 | -790 |
| 2096 | -2075 | -820 |
| 2097 | -2132 | -849 |
| 2098 | -2189 | -879 |
| 2099 | -2246 | -908 |
| 2100 | -2303 | -938 |
| 2101 | -2359 | -967 |
back