Proposed Provision: Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in 2014. 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 |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 308 |
| 2016 | 286 | 301 |
| 2017 | 271 | 294 |
| 2018 | 257 | 288 |
| 2019 | 244 | 283 |
| 2020 | 231 | 277 |
| 2021 | 218 | 271 |
| 2022 | 204 | 263 |
| 2023 | 189 | 255 |
| 2024 | 173 | 247 |
| 2025 | 158 | 238 |
| 2026 | 142 | 229 |
| 2027 | 125 | 219 |
| 2028 | 108 | 209 |
| 2029 | 90 | 198 |
| 2030 | 71 | 187 |
| 2031 | 52 | 175 |
| 2032 | 31 | 163 |
| 2033 | 11 | 150 |
| 2034 | -11 | 137 |
| 2035 | -32 | 123 |
| 2036 | -55 | 109 |
| 2037 | -78 | 95 |
| 2038 | -101 | 81 |
| 2039 | -124 | 67 |
| 2040 | -148 | 53 |
| 2041 | -172 | 38 |
| 2042 | -196 | 24 |
| 2043 | -220 | 10 |
| 2044 | -245 | -5 |
| 2045 | -269 | -19 |
| 2046 | -294 | -34 |
| 2047 | -319 | -48 |
| 2048 | -345 | -63 |
| 2049 | -371 | -78 |
| 2050 | -397 | -93 |
| 2051 | -423 | -108 |
| 2052 | -449 | -124 |
| 2053 | -476 | -139 |
| 2054 | -502 | -155 |
| 2055 | -530 | -171 |
| 2056 | -557 | -187 |
| 2057 | -585 | -204 |
| 2058 | -613 | -221 |
| 2059 | -642 | -239 |
| 2060 | -671 | -257 |
| 2061 | -701 | -275 |
| 2062 | -732 | -294 |
| 2063 | -763 | -313 |
| 2064 | -794 | -333 |
| 2065 | -826 | -353 |
| 2066 | -859 | -373 |
| 2067 | -892 | -394 |
| 2068 | -925 | -415 |
| 2069 | -959 | -436 |
| 2070 | -993 | -458 |
| 2071 | -1028 | -480 |
| 2072 | -1064 | -503 |
| 2073 | -1101 | -527 |
| 2074 | -1139 | -551 |
| 2075 | -1178 | -576 |
| 2076 | -1217 | -601 |
| 2077 | -1258 | -627 |
| 2078 | -1299 | -653 |
| 2079 | -1340 | -679 |
| 2080 | -1382 | -706 |
| 2081 | -1424 | -732 |
| 2082 | -1466 | -759 |
| 2083 | -1508 | -786 |
| 2084 | -1550 | -813 |
| 2085 | -1592 | -841 |
| 2086 | -1635 | -868 |
| 2087 | -1678 | -897 |
| 2088 | -1722 | -925 |
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