Proposed Provision: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2016, 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 |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 289 |
| 2018 | 264 | 283 |
| 2019 | 248 | 277 |
| 2020 | 233 | 271 |
| 2021 | 219 | 266 |
| 2022 | 204 | 261 |
| 2023 | 189 | 255 |
| 2024 | 173 | 249 |
| 2025 | 157 | 243 |
| 2026 | 142 | 238 |
| 2027 | 126 | 233 |
| 2028 | 110 | 228 |
| 2029 | 94 | 224 |
| 2030 | 77 | 220 |
| 2031 | 60 | 216 |
| 2032 | 42 | 212 |
| 2033 | 23 | 207 |
| 2034 | 4 | 203 |
| 2035 | -16 | 199 |
| 2036 | -36 | 195 |
| 2037 | -57 | 190 |
| 2038 | -78 | 185 |
| 2039 | -100 | 181 |
| 2040 | -122 | 176 |
| 2041 | -144 | 172 |
| 2042 | -166 | 168 |
| 2043 | -189 | 164 |
| 2044 | -211 | 160 |
| 2045 | -234 | 156 |
| 2046 | -257 | 152 |
| 2047 | -280 | 148 |
| 2048 | -303 | 144 |
| 2049 | -327 | 140 |
| 2050 | -351 | 137 |
| 2051 | -375 | 133 |
| 2052 | -398 | 129 |
| 2053 | -423 | 124 |
| 2054 | -447 | 120 |
| 2055 | -472 | 115 |
| 2056 | -496 | 110 |
| 2057 | -522 | 105 |
| 2058 | -548 | 99 |
| 2059 | -574 | 93 |
| 2060 | -601 | 87 |
| 2061 | -629 | 81 |
| 2062 | -657 | 74 |
| 2063 | -685 | 67 |
| 2064 | -714 | 59 |
| 2065 | -744 | 52 |
| 2066 | -774 | 43 |
| 2067 | -804 | 35 |
| 2068 | -835 | 26 |
| 2069 | -867 | 17 |
| 2070 | -899 | 8 |
| 2071 | -932 | -2 |
| 2072 | -965 | -12 |
| 2073 | -1000 | -23 |
| 2074 | -1035 | -34 |
| 2075 | -1072 | -45 |
| 2076 | -1110 | -56 |
| 2077 | -1148 | -68 |
| 2078 | -1188 | -79 |
| 2079 | -1228 | -91 |
| 2080 | -1268 | -103 |
| 2081 | -1309 | -115 |
| 2082 | -1350 | -128 |
| 2083 | -1391 | -140 |
| 2084 | -1432 | -153 |
| 2085 | -1472 | -165 |
| 2086 | -1514 | -178 |
| 2087 | -1555 | -192 |
| 2088 | -1597 | -205 |
| 2089 | -1640 | -219 |
| 2090 | -1683 | -234 |
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