Proposed Provision: E3.11. Beginning in 2025, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $411,600 in 2025), with the threshold wage-indexed after 2025. 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 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 167 |
| 2027 | 148 | 150 |
| 2028 | 130 | 134 |
| 2029 | 112 | 117 |
| 2030 | 94 | 100 |
| 2031 | 75 | 83 |
| 2032 | 56 | 65 |
| 2033 | 37 | 47 |
| 2034 | 16 | 28 |
| 2035 | -4 | 8 |
| 2036 | -26 | -12 |
| 2037 | -47 | -32 |
| 2038 | -70 | -53 |
| 2039 | -92 | -74 |
| 2040 | -115 | -96 |
| 2041 | -138 | -117 |
| 2042 | -161 | -139 |
| 2043 | -184 | -160 |
| 2044 | -207 | -182 |
| 2045 | -230 | -203 |
| 2046 | -253 | -225 |
| 2047 | -276 | -246 |
| 2048 | -300 | -268 |
| 2049 | -323 | -290 |
| 2050 | -346 | -312 |
| 2051 | -370 | -333 |
| 2052 | -393 | -355 |
| 2053 | -417 | -377 |
| 2054 | -440 | -399 |
| 2055 | -464 | -421 |
| 2056 | -487 | -443 |
| 2057 | -511 | -465 |
| 2058 | -536 | -488 |
| 2059 | -560 | -511 |
| 2060 | -585 | -534 |
| 2061 | -611 | -558 |
| 2062 | -637 | -582 |
| 2063 | -663 | -607 |
| 2064 | -690 | -632 |
| 2065 | -717 | -658 |
| 2066 | -745 | -683 |
| 2067 | -772 | -710 |
| 2068 | -801 | -736 |
| 2069 | -829 | -763 |
| 2070 | -858 | -790 |
| 2071 | -888 | -818 |
| 2072 | -918 | -847 |
| 2073 | -949 | -876 |
| 2074 | -981 | -906 |
| 2075 | -1014 | -936 |
| 2076 | -1047 | -968 |
| 2077 | -1082 | -1001 |
| 2078 | -1117 | -1034 |
| 2079 | -1153 | -1068 |
| 2080 | -1190 | -1102 |
| 2081 | -1227 | -1137 |
| 2082 | -1264 | -1171 |
| 2083 | -1300 | -1206 |
| 2084 | -1337 | -1241 |
| 2085 | -1374 | -1275 |
| 2086 | -1410 | -1309 |
| 2087 | -1446 | -1343 |
| 2088 | -1483 | -1378 |
| 2089 | -1520 | -1413 |
| 2090 | -1557 | -1448 |
| 2091 | -1595 | -1483 |
| 2092 | -1633 | -1519 |
back