Proposed Provision: Apply 4 percent payroll tax rate on earnings over $300,000 in 2018, with the $300,000 threshold wage-indexed after 2018. Give no benefit credit for additional earnings in AIME for benefit computation.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309312
2020299305
2021289297
2022277288
2023264278
2024251267
2025237255
2026221243
2027205229
2028189215
2029171201
2030154186
2031136170
2032117154
203398138
203479122
203559105
20363988
20371971
2038-154
2039-2137
2040-4219
2041-632
2042-84-15
2043-105-33
2044-126-50
2045-147-68
2046-168-85
2047-189-103
2048-211-121
2049-233-139
2050-255-157
2051-277-175
2052-299-193
2053-321-211
2054-344-230
2055-366-249
2056-389-268
2057-412-287
2058-436-307
2059-460-327
2060-485-347
2061-509-368
2062-534-389
2063-560-410
2064-586-431
2065-612-453
2066-638-475
2067-665-498
2068-692-521
2069-720-544
2070-748-567
2071-776-591
2072-805-616
2073-834-640
2074-864-665
2075-894-691
2076-925-717
2077-957-744
2078-989-771
2079-1021-799
2080-1054-827
2081-1087-855
2082-1121-884
2083-1156-914
2084-1191-944
2085-1227-975
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