Proposed Provision: Apply 4 percent payroll tax rate on earnings over $400,000 in 2018, with the $400,000 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
2019309311
2020299304
2021289296
2022277286
2023264276
2024251264
2025237252
2026221239
2027205225
2028189210
2029171195
2030154179
2031136163
2032117147
203398130
203479113
20355995
20363978
20371960
2038-142
2039-2124
2040-426
2041-63-13
2042-84-31
2043-105-49
2044-126-68
2045-147-86
2046-168-105
2047-189-123
2048-211-142
2049-233-161
2050-255-181
2051-277-200
2052-299-219
2053-321-239
2054-344-259
2055-366-279
2056-389-299
2057-412-319
2058-436-340
2059-460-362
2060-485-383
2061-509-405
2062-534-428
2063-560-450
2064-586-473
2065-612-497
2066-638-520
2067-665-544
2068-692-569
2069-720-593
2070-748-618
2071-776-644
2072-805-670
2073-834-696
2074-864-723
2075-894-751
2076-925-779
2077-957-807
2078-989-836
2079-1021-865
2080-1054-895
2081-1087-926
2082-1121-957
2083-1156-988
2084-1191-1020
2085-1227-1053
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