Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2012-2021). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 342 |
| 2014 | 334 | 337 |
| 2015 | 328 | 333 |
| 2016 | 321 | 330 |
| 2017 | 314 | 327 |
| 2018 | 306 | 324 |
| 2019 | 296 | 319 |
| 2020 | 284 | 314 |
| 2021 | 272 | 307 |
| 2022 | 259 | 301 |
| 2023 | 245 | 293 |
| 2024 | 230 | 285 |
| 2025 | 214 | 276 |
| 2026 | 198 | 267 |
| 2027 | 181 | 256 |
| 2028 | 164 | 245 |
| 2029 | 145 | 233 |
| 2030 | 127 | 221 |
| 2031 | 107 | 209 |
| 2032 | 87 | 196 |
| 2033 | 67 | 182 |
| 2034 | 46 | 169 |
| 2035 | 25 | 155 |
| 2036 | 4 | 141 |
| 2037 | -18 | 127 |
| 2038 | -40 | 113 |
| 2039 | -62 | 100 |
| 2040 | -85 | 86 |
| 2041 | -108 | 72 |
| 2042 | -130 | 58 |
| 2043 | -153 | 44 |
| 2044 | -176 | 30 |
| 2045 | -200 | 16 |
| 2046 | -223 | 2 |
| 2047 | -247 | -12 |
| 2048 | -271 | -26 |
| 2049 | -295 | -41 |
| 2050 | -319 | -55 |
| 2051 | -343 | -69 |
| 2052 | -368 | -84 |
| 2053 | -393 | -99 |
| 2054 | -418 | -113 |
| 2055 | -443 | -128 |
| 2056 | -468 | -144 |
| 2057 | -494 | -159 |
| 2058 | -521 | -175 |
| 2059 | -548 | -191 |
| 2060 | -575 | -207 |
| 2061 | -602 | -224 |
| 2062 | -630 | -241 |
| 2063 | -659 | -258 |
| 2064 | -687 | -275 |
| 2065 | -716 | -293 |
| 2066 | -746 | -310 |
| 2067 | -775 | -328 |
| 2068 | -805 | -346 |
| 2069 | -835 | -365 |
| 2070 | -866 | -383 |
| 2071 | -897 | -402 |
| 2072 | -928 | -422 |
| 2073 | -960 | -441 |
| 2074 | -992 | -461 |
| 2075 | -1025 | -482 |
| 2076 | -1058 | -502 |
| 2077 | -1092 | -524 |
| 2078 | -1126 | -545 |
| 2079 | -1161 | -567 |
| 2080 | -1196 | -589 |
| 2081 | -1232 | -612 |
| 2082 | -1268 | -635 |
| 2083 | -1305 | -658 |
| 2084 | -1342 | -682 |
| 2085 | -1380 | -706 |
| 2086 | -1419 | -731 |
back