Proposed Provision: Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2021. Provide proportional benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231231
2021218218
2022204205
2023189192
2024173179
2025158165
2026142150
2027125136
2028108120
202990104
20307187
20315269
20323151
20331132
2034-1112
2035-32-8
2036-55-28
2037-78-49
2038-101-70
2039-124-92
2040-148-114
2041-172-136
2042-196-158
2043-220-180
2044-245-202
2045-269-225
2046-294-248
2047-319-271
2048-345-294
2049-371-318
2050-397-341
2051-423-365
2052-449-389
2053-476-414
2054-502-438
2055-530-463
2056-557-488
2057-585-514
2058-613-540
2059-642-567
2060-671-594
2061-701-622
2062-732-650
2063-763-678
2064-794-708
2065-826-737
2066-859-767
2067-892-798
2068-925-829
2069-959-861
2070-993-893
2071-1028-925
2072-1064-959
2073-1101-994
2074-1139-1029
2075-1178-1065
2076-1217-1102
2077-1258-1140
2078-1299-1178
2079-1340-1217
2080-1382-1256
2081-1424-1295
2082-1466-1334
2083-1508-1374
2084-1550-1413
2085-1592-1453
2086-1635-1493
2087-1678-1533
2088-1722-1574
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