Proposed Provision: E2.17. Apply 12.4 percent payroll tax rate on earnings above $400,000 starting in 2026 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 |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 139 |
| 2028 | 113 | 130 |
| 2029 | 95 | 120 |
| 2030 | 78 | 112 |
| 2031 | 60 | 103 |
| 2032 | 43 | 94 |
| 2033 | 26 | 86 |
| 2034 | 9 | 79 |
| 2035 | -9 | 72 |
| 2036 | -27 | 65 |
| 2037 | -45 | 57 |
| 2038 | -63 | 50 |
| 2039 | -83 | 43 |
| 2040 | -102 | 36 |
| 2041 | -122 | 29 |
| 2042 | -143 | 22 |
| 2043 | -164 | 15 |
| 2044 | -185 | 8 |
| 2045 | -206 | 2 |
| 2046 | -228 | -4 |
| 2047 | -250 | -10 |
| 2048 | -272 | -15 |
| 2049 | -295 | -21 |
| 2050 | -317 | -27 |
| 2051 | -340 | -33 |
| 2052 | -363 | -39 |
| 2053 | -386 | -46 |
| 2054 | -409 | -53 |
| 2055 | -433 | -60 |
| 2056 | -457 | -68 |
| 2057 | -481 | -76 |
| 2058 | -505 | -84 |
| 2059 | -530 | -93 |
| 2060 | -556 | -103 |
| 2061 | -582 | -112 |
| 2062 | -609 | -123 |
| 2063 | -636 | -134 |
| 2064 | -664 | -145 |
| 2065 | -692 | -156 |
| 2066 | -721 | -168 |
| 2067 | -750 | -180 |
| 2068 | -780 | -193 |
| 2069 | -810 | -206 |
| 2070 | -840 | -219 |
| 2071 | -871 | -233 |
| 2072 | -903 | -247 |
| 2073 | -935 | -261 |
| 2074 | -967 | -276 |
| 2075 | -1000 | -292 |
| 2076 | -1035 | -308 |
| 2077 | -1070 | -324 |
| 2078 | -1106 | -341 |
| 2079 | -1142 | -358 |
| 2080 | -1180 | -376 |
| 2081 | -1219 | -394 |
| 2082 | -1258 | -412 |
| 2083 | -1298 | -430 |
| 2084 | -1338 | -449 |
| 2085 | -1380 | -468 |
| 2086 | -1423 | -487 |
| 2087 | -1466 | -507 |
| 2088 | -1510 | -526 |
| 2089 | -1554 | -546 |
| 2090 | -1599 | -565 |
| 2091 | -1643 | -585 |
| 2092 | -1687 | -603 |
| 2093 | -1731 | -622 |
| 2094 | -1774 | -641 |
| 2095 | -1816 | -659 |
| 2096 | -1858 | -677 |
| 2097 | -1900 | -694 |
| 2098 | -1941 | -712 |
| 2099 | -1982 | -729 |
| 2100 | -2022 | -746 |
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