Proposed Provision: E2.17. Apply 12.4 percent payroll tax rate on earnings above $400,000 starting in 2027 and tax all earnings once the current-law taxable maximum exceeds $400,000. 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 | 119 |
| 2029 | 92 | 110 |
| 2030 | 74 | 100 |
| 2031 | 57 | 92 |
| 2032 | 40 | 85 |
| 2033 | 23 | 78 |
| 2034 | 7 | 72 |
| 2035 | -9 | 67 |
| 2036 | -25 | 62 |
| 2037 | -41 | 57 |
| 2038 | -58 | 51 |
| 2039 | -76 | 46 |
| 2040 | -94 | 41 |
| 2041 | -112 | 36 |
| 2042 | -132 | 30 |
| 2043 | -151 | 25 |
| 2044 | -171 | 20 |
| 2045 | -192 | 14 |
| 2046 | -213 | 9 |
| 2047 | -234 | 4 |
| 2048 | -256 | -1 |
| 2049 | -279 | -7 |
| 2050 | -301 | -13 |
| 2051 | -324 | -19 |
| 2052 | -347 | -26 |
| 2053 | -371 | -34 |
| 2054 | -395 | -42 |
| 2055 | -420 | -50 |
| 2056 | -445 | -59 |
| 2057 | -470 | -69 |
| 2058 | -496 | -79 |
| 2059 | -522 | -90 |
| 2060 | -550 | -102 |
| 2061 | -578 | -114 |
| 2062 | -607 | -127 |
| 2063 | -636 | -141 |
| 2064 | -666 | -155 |
| 2065 | -697 | -170 |
| 2066 | -729 | -185 |
| 2067 | -761 | -201 |
| 2068 | -794 | -217 |
| 2069 | -827 | -234 |
| 2070 | -861 | -252 |
| 2071 | -896 | -270 |
| 2072 | -931 | -289 |
| 2073 | -967 | -308 |
| 2074 | -1004 | -328 |
| 2075 | -1042 | -349 |
| 2076 | -1081 | -370 |
| 2077 | -1121 | -392 |
| 2078 | -1162 | -415 |
| 2079 | -1204 | -439 |
| 2080 | -1248 | -463 |
| 2081 | -1292 | -487 |
| 2082 | -1337 | -512 |
| 2083 | -1384 | -538 |
| 2084 | -1431 | -564 |
| 2085 | -1480 | -591 |
| 2086 | -1530 | -619 |
| 2087 | -1581 | -647 |
| 2088 | -1633 | -676 |
| 2089 | -1686 | -705 |
| 2090 | -1740 | -734 |
| 2091 | -1795 | -764 |
| 2092 | -1850 | -794 |
| 2093 | -1906 | -824 |
| 2094 | -1962 | -854 |
| 2095 | -2019 | -885 |
| 2096 | -2075 | -915 |
| 2097 | -2132 | -946 |
| 2098 | -2189 | -976 |
| 2099 | -2246 | -1007 |
| 2100 | -2303 | -1037 |
| 2101 | -2359 | -1068 |
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