Proposed Provision: F2. Starting in 2024, exempt individuals with more than 180 quarters of coverage from the OASDI payroll tax. Earnings exempted from OASDI payroll tax would not be used in computing benefits.

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

Year Current Law Provision
2023204204
2024187187
2025168164
2026149142
2027131121
2028114100
20299679
20307858
20316037
20324316
203325-6
20347-27
2035-12-50
2036-31-73
2037-51-96
2038-70-120
2039-91-145
2040-112-170
2041-133-196
2042-154-222
2043-176-248
2044-198-275
2045-220-302
2046-243-329
2047-265-357
2048-288-385
2049-311-412
2050-333-440
2051-357-469
2052-380-497
2053-403-526
2054-427-555
2055-450-583
2056-474-612
2057-498-642
2058-522-671
2059-547-701
2060-572-731
2061-597-762
2062-623-794
2063-650-826
2064-677-859
2065-705-893
2066-733-927
2067-762-962
2068-791-997
2069-820-1032
2070-850-1068
2071-880-1105
2072-911-1142
2073-942-1179
2074-974-1217
2075-1006-1256
2076-1039-1296
2077-1074-1337
2078-1108-1379
2079-1144-1423
2080-1181-1467
2081-1218-1512
2082-1256-1558
2083-1294-1604
2084-1333-1652
2085-1373-1700
2086-1413-1749
2087-1453-1798
2088-1494-1847
2089-1534-1897
2090-1574-1945
2091-1613-1994
2092-1651-2041
2093-1689-2088
2094-1726-2133
2095-1762-2178
2096-1798-2222
2097-1833-2266
2098-1868-2309
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