Proposed Provision: Beginning in 2023, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2023. 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 | 280 |
| 2018 | 264 | 264 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 204 | 204 |
| 2023 | 189 | 189 |
| 2024 | 173 | 174 |
| 2025 | 157 | 160 |
| 2026 | 142 | 145 |
| 2027 | 126 | 130 |
| 2028 | 110 | 115 |
| 2029 | 94 | 100 |
| 2030 | 77 | 85 |
| 2031 | 60 | 68 |
| 2032 | 42 | 51 |
| 2033 | 23 | 33 |
| 2034 | 4 | 15 |
| 2035 | -16 | -3 |
| 2036 | -36 | -23 |
| 2037 | -57 | -42 |
| 2038 | -78 | -62 |
| 2039 | -100 | -82 |
| 2040 | -122 | -103 |
| 2041 | -144 | -124 |
| 2042 | -166 | -145 |
| 2043 | -189 | -166 |
| 2044 | -211 | -187 |
| 2045 | -234 | -209 |
| 2046 | -257 | -231 |
| 2047 | -280 | -252 |
| 2048 | -303 | -274 |
| 2049 | -327 | -297 |
| 2050 | -351 | -319 |
| 2051 | -375 | -341 |
| 2052 | -398 | -364 |
| 2053 | -423 | -386 |
| 2054 | -447 | -409 |
| 2055 | -472 | -433 |
| 2056 | -496 | -456 |
| 2057 | -522 | -480 |
| 2058 | -548 | -505 |
| 2059 | -574 | -530 |
| 2060 | -601 | -555 |
| 2061 | -629 | -581 |
| 2062 | -657 | -608 |
| 2063 | -685 | -635 |
| 2064 | -714 | -662 |
| 2065 | -744 | -690 |
| 2066 | -774 | -719 |
| 2067 | -804 | -747 |
| 2068 | -835 | -777 |
| 2069 | -867 | -807 |
| 2070 | -899 | -837 |
| 2071 | -932 | -868 |
| 2072 | -965 | -901 |
| 2073 | -1000 | -933 |
| 2074 | -1035 | -967 |
| 2075 | -1072 | -1002 |
| 2076 | -1110 | -1038 |
| 2077 | -1148 | -1075 |
| 2078 | -1188 | -1112 |
| 2079 | -1228 | -1150 |
| 2080 | -1268 | -1189 |
| 2081 | -1309 | -1227 |
| 2082 | -1350 | -1266 |
| 2083 | -1391 | -1305 |
| 2084 | -1432 | -1344 |
| 2085 | -1472 | -1383 |
| 2086 | -1514 | -1422 |
| 2087 | -1555 | -1461 |
| 2088 | -1597 | -1501 |
| 2089 | -1640 | -1542 |
| 2090 | -1683 | -1583 |
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