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 proportional 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
2026221242
2027205229
2028189215
2029171200
2030154185
2031136169
2032117153
203398137
203479120
203559103
20363986
20371969
2038-152
2039-2134
2040-4217
2041-63-1
2042-84-19
2043-105-37
2044-126-54
2045-147-72
2046-168-90
2047-189-108
2048-211-127
2049-233-145
2050-255-164
2051-277-182
2052-299-201
2053-321-220
2054-344-239
2055-366-259
2056-389-278
2057-412-298
2058-436-319
2059-460-339
2060-485-360
2061-509-382
2062-534-403
2063-560-425
2064-586-448
2065-612-471
2066-638-494
2067-665-517
2068-692-541
2069-720-565
2070-748-589
2071-776-614
2072-805-640
2073-834-665
2074-864-691
2075-894-718
2076-925-745
2077-957-773
2078-989-801
2079-1021-830
2080-1054-859
2081-1087-889
2082-1121-919
2083-1156-950
2084-1191-981
2085-1227-1013
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