Proposed Provision: Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2014-2061, and a 3 percent rate for years 2062 and later. Do not provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 341 |
| 2014 | 334 | 334 |
| 2015 | 328 | 330 |
| 2016 | 321 | 326 |
| 2017 | 314 | 322 |
| 2018 | 306 | 316 |
| 2019 | 296 | 309 |
| 2020 | 284 | 300 |
| 2021 | 272 | 289 |
| 2022 | 259 | 279 |
| 2023 | 245 | 267 |
| 2024 | 230 | 254 |
| 2025 | 214 | 241 |
| 2026 | 198 | 227 |
| 2027 | 181 | 213 |
| 2028 | 164 | 197 |
| 2029 | 145 | 181 |
| 2030 | 127 | 165 |
| 2031 | 107 | 148 |
| 2032 | 87 | 130 |
| 2033 | 67 | 112 |
| 2034 | 46 | 94 |
| 2035 | 25 | 76 |
| 2036 | 4 | 57 |
| 2037 | -18 | 38 |
| 2038 | -40 | 19 |
| 2039 | -62 | 0 |
| 2040 | -85 | -19 |
| 2041 | -108 | -39 |
| 2042 | -130 | -59 |
| 2043 | -153 | -78 |
| 2044 | -176 | -98 |
| 2045 | -200 | -118 |
| 2046 | -223 | -138 |
| 2047 | -247 | -158 |
| 2048 | -271 | -178 |
| 2049 | -295 | -199 |
| 2050 | -319 | -220 |
| 2051 | -343 | -241 |
| 2052 | -368 | -261 |
| 2053 | -393 | -283 |
| 2054 | -418 | -304 |
| 2055 | -443 | -326 |
| 2056 | -468 | -347 |
| 2057 | -494 | -370 |
| 2058 | -521 | -392 |
| 2059 | -548 | -415 |
| 2060 | -575 | -439 |
| 2061 | -602 | -462 |
| 2062 | -630 | -486 |
| 2063 | -659 | -509 |
| 2064 | -687 | -533 |
| 2065 | -716 | -557 |
| 2066 | -746 | -581 |
| 2067 | -775 | -605 |
| 2068 | -805 | -629 |
| 2069 | -835 | -654 |
| 2070 | -866 | -679 |
| 2071 | -897 | -705 |
| 2072 | -928 | -731 |
| 2073 | -960 | -757 |
| 2074 | -992 | -784 |
| 2075 | -1025 | -811 |
| 2076 | -1058 | -838 |
| 2077 | -1092 | -866 |
| 2078 | -1126 | -895 |
| 2079 | -1161 | -924 |
| 2080 | -1196 | -953 |
| 2081 | -1232 | -983 |
| 2082 | -1268 | -1013 |
| 2083 | -1305 | -1044 |
| 2084 | -1342 | -1075 |
| 2085 | -1380 | -1107 |
| 2086 | -1419 | -1139 |
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