Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2018, 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 |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 282 |
| 2020 | 259 | 277 |
| 2021 | 245 | 272 |
| 2022 | 230 | 267 |
| 2023 | 215 | 261 |
| 2024 | 199 | 254 |
| 2025 | 182 | 247 |
| 2026 | 165 | 239 |
| 2027 | 148 | 231 |
| 2028 | 130 | 223 |
| 2029 | 112 | 215 |
| 2030 | 94 | 208 |
| 2031 | 75 | 201 |
| 2032 | 56 | 194 |
| 2033 | 37 | 188 |
| 2034 | 16 | 181 |
| 2035 | -4 | 174 |
| 2036 | -26 | 168 |
| 2037 | -47 | 161 |
| 2038 | -70 | 155 |
| 2039 | -92 | 148 |
| 2040 | -115 | 142 |
| 2041 | -138 | 136 |
| 2042 | -161 | 130 |
| 2043 | -184 | 124 |
| 2044 | -207 | 119 |
| 2045 | -230 | 114 |
| 2046 | -253 | 108 |
| 2047 | -276 | 103 |
| 2048 | -300 | 98 |
| 2049 | -323 | 94 |
| 2050 | -346 | 89 |
| 2051 | -370 | 84 |
| 2052 | -393 | 79 |
| 2053 | -417 | 75 |
| 2054 | -440 | 70 |
| 2055 | -464 | 65 |
| 2056 | -487 | 59 |
| 2057 | -511 | 54 |
| 2058 | -536 | 48 |
| 2059 | -560 | 42 |
| 2060 | -585 | 36 |
| 2061 | -611 | 29 |
| 2062 | -637 | 23 |
| 2063 | -663 | 16 |
| 2064 | -690 | 8 |
| 2065 | -717 | 1 |
| 2066 | -745 | -7 |
| 2067 | -772 | -15 |
| 2068 | -801 | -24 |
| 2069 | -829 | -33 |
| 2070 | -858 | -42 |
| 2071 | -888 | -51 |
| 2072 | -918 | -61 |
| 2073 | -949 | -71 |
| 2074 | -981 | -81 |
| 2075 | -1014 | -92 |
| 2076 | -1047 | -103 |
| 2077 | -1082 | -114 |
| 2078 | -1117 | -125 |
| 2079 | -1153 | -136 |
| 2080 | -1190 | -148 |
| 2081 | -1227 | -159 |
| 2082 | -1264 | -171 |
| 2083 | -1300 | -182 |
| 2084 | -1337 | -194 |
| 2085 | -1374 | -206 |
| 2086 | -1410 | -218 |
| 2087 | -1446 | -230 |
| 2088 | -1483 | -242 |
| 2089 | -1520 | -255 |
| 2090 | -1557 | -267 |
| 2091 | -1595 | -281 |
| 2092 | -1633 | -294 |
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