Proposed Provision: E3.11. Beginning in 2033, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $570,600 in 2033), with the threshold wage-indexed after 2033. Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324343
20332626
2034910
2035-9-6
2036-27-23
2037-45-40
2038-63-57
2039-83-75
2040-102-93
2041-122-112
2042-143-131
2043-164-151
2044-185-171
2045-206-191
2046-228-211
2047-250-232
2048-272-252
2049-295-273
2050-317-294
2051-340-316
2052-363-337
2053-386-359
2054-409-381
2055-433-403
2056-457-426
2057-481-449
2058-505-472
2059-530-495
2060-556-520
2061-582-544
2062-609-570
2063-636-596
2064-664-622
2065-692-649
2066-721-676
2067-750-704
2068-780-732
2069-810-761
2070-840-790
2071-871-819
2072-903-849
2073-935-880
2074-967-911
2075-1000-943
2076-1035-975
2077-1070-1009
2078-1106-1043
2079-1142-1078
2080-1180-1114
2081-1219-1151
2082-1258-1188
2083-1298-1227
2084-1338-1266
2085-1380-1305
2086-1423-1346
2087-1466-1387
2088-1510-1429
2089-1554-1471
2090-1599-1514
2091-1643-1556
2092-1687-1598
2093-1731-1639
2094-1774-1680
2095-1816-1721
2096-1858-1761
2097-1900-1800
2098-1941-1840
2099-1982-1878
2100-2022-1917
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