Proposed Provision: E3.13. Beginning in 2031, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $696,600 in 2031), with the threshold wage-indexed after 2031. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 114 | 114 |
| 2029 | 96 | 96 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 44 |
| 2033 | 25 | 27 |
| 2034 | 7 | 10 |
| 2035 | -12 | -8 |
| 2036 | -31 | -26 |
| 2037 | -51 | -44 |
| 2038 | -70 | -63 |
| 2039 | -91 | -83 |
| 2040 | -112 | -102 |
| 2041 | -133 | -122 |
| 2042 | -154 | -143 |
| 2043 | -176 | -164 |
| 2044 | -198 | -184 |
| 2045 | -220 | -205 |
| 2046 | -243 | -227 |
| 2047 | -265 | -248 |
| 2048 | -288 | -269 |
| 2049 | -311 | -291 |
| 2050 | -333 | -313 |
| 2051 | -357 | -335 |
| 2052 | -380 | -357 |
| 2053 | -403 | -379 |
| 2054 | -427 | -401 |
| 2055 | -450 | -424 |
| 2056 | -474 | -446 |
| 2057 | -498 | -469 |
| 2058 | -522 | -492 |
| 2059 | -547 | -516 |
| 2060 | -572 | -540 |
| 2061 | -597 | -564 |
| 2062 | -623 | -589 |
| 2063 | -650 | -615 |
| 2064 | -677 | -641 |
| 2065 | -705 | -668 |
| 2066 | -733 | -695 |
| 2067 | -762 | -722 |
| 2068 | -791 | -750 |
| 2069 | -820 | -778 |
| 2070 | -850 | -807 |
| 2071 | -880 | -836 |
| 2072 | -911 | -865 |
| 2073 | -942 | -895 |
| 2074 | -974 | -926 |
| 2075 | -1006 | -957 |
| 2076 | -1039 | -989 |
| 2077 | -1074 | -1021 |
| 2078 | -1108 | -1055 |
| 2079 | -1144 | -1089 |
| 2080 | -1181 | -1125 |
| 2081 | -1218 | -1160 |
| 2082 | -1256 | -1197 |
| 2083 | -1294 | -1234 |
| 2084 | -1333 | -1271 |
| 2085 | -1373 | -1309 |
| 2086 | -1413 | -1347 |
| 2087 | -1453 | -1386 |
| 2088 | -1494 | -1425 |
| 2089 | -1534 | -1463 |
| 2090 | -1574 | -1501 |
| 2091 | -1613 | -1539 |
| 2092 | -1651 | -1576 |
| 2093 | -1689 | -1612 |
| 2094 | -1726 | -1647 |
| 2095 | -1762 | -1682 |
| 2096 | -1798 | -1716 |
| 2097 | -1833 | -1750 |
| 2098 | -1868 | -1783 |
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