Proposed Provision: Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2018, 3.0 percent in 2031, 3.5 percent in 2046, 4.5 percent in 2056, and 5.5 percent in 2066 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 |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 280 |
| 2018 | 264 | 264 |
| 2019 | 248 | 251 |
| 2020 | 233 | 239 |
| 2021 | 219 | 227 |
| 2022 | 204 | 214 |
| 2023 | 189 | 202 |
| 2024 | 173 | 188 |
| 2025 | 157 | 175 |
| 2026 | 142 | 162 |
| 2027 | 126 | 149 |
| 2028 | 110 | 135 |
| 2029 | 94 | 121 |
| 2030 | 77 | 107 |
| 2031 | 60 | 92 |
| 2032 | 42 | 78 |
| 2033 | 23 | 63 |
| 2034 | 4 | 48 |
| 2035 | -16 | 32 |
| 2036 | -36 | 16 |
| 2037 | -57 | -1 |
| 2038 | -78 | -18 |
| 2039 | -100 | -35 |
| 2040 | -122 | -53 |
| 2041 | -144 | -70 |
| 2042 | -166 | -88 |
| 2043 | -189 | -106 |
| 2044 | -211 | -124 |
| 2045 | -234 | -142 |
| 2046 | -257 | -160 |
| 2047 | -280 | -178 |
| 2048 | -303 | -196 |
| 2049 | -327 | -214 |
| 2050 | -351 | -232 |
| 2051 | -375 | -250 |
| 2052 | -398 | -268 |
| 2053 | -423 | -287 |
| 2054 | -447 | -306 |
| 2055 | -472 | -325 |
| 2056 | -496 | -344 |
| 2057 | -522 | -362 |
| 2058 | -548 | -381 |
| 2059 | -574 | -401 |
| 2060 | -601 | -421 |
| 2061 | -629 | -441 |
| 2062 | -657 | -462 |
| 2063 | -685 | -483 |
| 2064 | -714 | -505 |
| 2065 | -744 | -527 |
| 2066 | -774 | -550 |
| 2067 | -804 | -572 |
| 2068 | -835 | -594 |
| 2069 | -867 | -617 |
| 2070 | -899 | -640 |
| 2071 | -932 | -664 |
| 2072 | -965 | -689 |
| 2073 | -1000 | -714 |
| 2074 | -1035 | -740 |
| 2075 | -1072 | -767 |
| 2076 | -1110 | -795 |
| 2077 | -1148 | -823 |
| 2078 | -1188 | -852 |
| 2079 | -1228 | -881 |
| 2080 | -1268 | -911 |
| 2081 | -1309 | -941 |
| 2082 | -1350 | -971 |
| 2083 | -1391 | -1001 |
| 2084 | -1432 | -1031 |
| 2085 | -1472 | -1061 |
| 2086 | -1514 | -1092 |
| 2087 | -1555 | -1122 |
| 2088 | -1597 | -1153 |
| 2089 | -1640 | -1185 |
| 2090 | -1683 | -1217 |
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