Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2019, 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 |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 265 |
| 2021 | 239 | 258 |
| 2022 | 223 | 250 |
| 2023 | 206 | 242 |
| 2024 | 188 | 234 |
| 2025 | 171 | 226 |
| 2026 | 154 | 218 |
| 2027 | 137 | 211 |
| 2028 | 120 | 204 |
| 2029 | 104 | 197 |
| 2030 | 86 | 190 |
| 2031 | 69 | 184 |
| 2032 | 51 | 178 |
| 2033 | 33 | 173 |
| 2034 | 14 | 168 |
| 2035 | -5 | 163 |
| 2036 | -25 | 158 |
| 2037 | -46 | 152 |
| 2038 | -67 | 147 |
| 2039 | -88 | 141 |
| 2040 | -110 | 136 |
| 2041 | -132 | 131 |
| 2042 | -154 | 125 |
| 2043 | -176 | 120 |
| 2044 | -199 | 115 |
| 2045 | -221 | 110 |
| 2046 | -244 | 106 |
| 2047 | -267 | 101 |
| 2048 | -289 | 96 |
| 2049 | -312 | 92 |
| 2050 | -335 | 87 |
| 2051 | -358 | 83 |
| 2052 | -381 | 79 |
| 2053 | -403 | 74 |
| 2054 | -426 | 70 |
| 2055 | -450 | 65 |
| 2056 | -473 | 60 |
| 2057 | -496 | 55 |
| 2058 | -520 | 50 |
| 2059 | -544 | 44 |
| 2060 | -569 | 38 |
| 2061 | -594 | 32 |
| 2062 | -619 | 25 |
| 2063 | -645 | 19 |
| 2064 | -671 | 12 |
| 2065 | -698 | 4 |
| 2066 | -725 | -3 |
| 2067 | -752 | -11 |
| 2068 | -780 | -19 |
| 2069 | -808 | -28 |
| 2070 | -837 | -37 |
| 2071 | -866 | -46 |
| 2072 | -896 | -56 |
| 2073 | -927 | -66 |
| 2074 | -958 | -76 |
| 2075 | -990 | -87 |
| 2076 | -1023 | -98 |
| 2077 | -1057 | -109 |
| 2078 | -1092 | -120 |
| 2079 | -1128 | -132 |
| 2080 | -1165 | -143 |
| 2081 | -1202 | -155 |
| 2082 | -1240 | -167 |
| 2083 | -1278 | -179 |
| 2084 | -1316 | -190 |
| 2085 | -1354 | -202 |
| 2086 | -1392 | -214 |
| 2087 | -1430 | -226 |
| 2088 | -1468 | -238 |
| 2089 | -1505 | -250 |
| 2090 | -1543 | -262 |
| 2091 | -1580 | -274 |
| 2092 | -1618 | -287 |
| 2093 | -1655 | -300 |
back