Proposed Provision: E3.13. Beginning in 2033, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $760,800 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 |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 113 | 113 |
| 2029 | 95 | 95 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 43 |
| 2033 | 26 | 26 |
| 2034 | 9 | 10 |
| 2035 | -9 | -7 |
| 2036 | -27 | -24 |
| 2037 | -45 | -41 |
| 2038 | -63 | -58 |
| 2039 | -83 | -76 |
| 2040 | -102 | -95 |
| 2041 | -122 | -114 |
| 2042 | -143 | -133 |
| 2043 | -164 | -153 |
| 2044 | -185 | -173 |
| 2045 | -206 | -194 |
| 2046 | -228 | -214 |
| 2047 | -250 | -235 |
| 2048 | -272 | -256 |
| 2049 | -295 | -277 |
| 2050 | -317 | -299 |
| 2051 | -340 | -321 |
| 2052 | -363 | -342 |
| 2053 | -386 | -364 |
| 2054 | -409 | -387 |
| 2055 | -433 | -409 |
| 2056 | -457 | -432 |
| 2057 | -481 | -455 |
| 2058 | -505 | -478 |
| 2059 | -530 | -502 |
| 2060 | -556 | -527 |
| 2061 | -582 | -552 |
| 2062 | -609 | -577 |
| 2063 | -636 | -604 |
| 2064 | -664 | -630 |
| 2065 | -692 | -657 |
| 2066 | -721 | -685 |
| 2067 | -750 | -713 |
| 2068 | -780 | -741 |
| 2069 | -810 | -770 |
| 2070 | -840 | -799 |
| 2071 | -871 | -829 |
| 2072 | -903 | -860 |
| 2073 | -935 | -890 |
| 2074 | -967 | -922 |
| 2075 | -1000 | -954 |
| 2076 | -1035 | -987 |
| 2077 | -1070 | -1021 |
| 2078 | -1106 | -1055 |
| 2079 | -1142 | -1091 |
| 2080 | -1180 | -1127 |
| 2081 | -1219 | -1164 |
| 2082 | -1258 | -1202 |
| 2083 | -1298 | -1240 |
| 2084 | -1338 | -1280 |
| 2085 | -1380 | -1320 |
| 2086 | -1423 | -1361 |
| 2087 | -1466 | -1403 |
| 2088 | -1510 | -1445 |
| 2089 | -1554 | -1487 |
| 2090 | -1599 | -1530 |
| 2091 | -1643 | -1573 |
| 2092 | -1687 | -1615 |
| 2093 | -1731 | -1657 |
| 2094 | -1774 | -1698 |
| 2095 | -1816 | -1739 |
| 2096 | -1858 | -1780 |
| 2097 | -1900 | -1820 |
| 2098 | -1941 | -1859 |
| 2099 | -1982 | -1898 |
| 2100 | -2022 | -1937 |
back