Proposed Provision: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2014, and tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 309 |
| 2016 | 286 | 302 |
| 2017 | 271 | 296 |
| 2018 | 257 | 292 |
| 2019 | 244 | 288 |
| 2020 | 231 | 284 |
| 2021 | 218 | 281 |
| 2022 | 204 | 276 |
| 2023 | 189 | 271 |
| 2024 | 173 | 265 |
| 2025 | 158 | 260 |
| 2026 | 142 | 254 |
| 2027 | 125 | 249 |
| 2028 | 108 | 244 |
| 2029 | 90 | 238 |
| 2030 | 71 | 232 |
| 2031 | 52 | 226 |
| 2032 | 31 | 220 |
| 2033 | 11 | 214 |
| 2034 | -11 | 208 |
| 2035 | -32 | 201 |
| 2036 | -55 | 195 |
| 2037 | -78 | 189 |
| 2038 | -101 | 183 |
| 2039 | -124 | 176 |
| 2040 | -148 | 170 |
| 2041 | -172 | 165 |
| 2042 | -196 | 159 |
| 2043 | -220 | 153 |
| 2044 | -245 | 148 |
| 2045 | -269 | 142 |
| 2046 | -294 | 136 |
| 2047 | -319 | 131 |
| 2048 | -345 | 125 |
| 2049 | -371 | 120 |
| 2050 | -397 | 114 |
| 2051 | -423 | 109 |
| 2052 | -449 | 103 |
| 2053 | -476 | 97 |
| 2054 | -502 | 91 |
| 2055 | -530 | 84 |
| 2056 | -557 | 78 |
| 2057 | -585 | 71 |
| 2058 | -613 | 63 |
| 2059 | -642 | 56 |
| 2060 | -671 | 48 |
| 2061 | -701 | 40 |
| 2062 | -732 | 31 |
| 2063 | -763 | 23 |
| 2064 | -794 | 14 |
| 2065 | -826 | 4 |
| 2066 | -859 | -5 |
| 2067 | -892 | -15 |
| 2068 | -925 | -25 |
| 2069 | -959 | -36 |
| 2070 | -993 | -47 |
| 2071 | -1028 | -58 |
| 2072 | -1064 | -69 |
| 2073 | -1101 | -81 |
| 2074 | -1139 | -93 |
| 2075 | -1178 | -105 |
| 2076 | -1217 | -118 |
| 2077 | -1258 | -131 |
| 2078 | -1299 | -144 |
| 2079 | -1340 | -157 |
| 2080 | -1382 | -170 |
| 2081 | -1424 | -184 |
| 2082 | -1466 | -197 |
| 2083 | -1508 | -211 |
| 2084 | -1550 | -225 |
| 2085 | -1592 | -239 |
| 2086 | -1635 | -254 |
| 2087 | -1678 | -269 |
| 2088 | -1722 | -284 |
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