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
2018288288
2019272272
2020256265
2021239258
2022223250
2023206242
2024188234
2025171226
2026154218
2027137211
2028120204
2029104197
203086190
203169184
203251178
203333173
203414168
2035-5163
2036-25158
2037-46152
2038-67147
2039-88141
2040-110136
2041-132131
2042-154125
2043-176120
2044-199115
2045-221110
2046-244106
2047-267101
2048-28996
2049-31292
2050-33587
2051-35883
2052-38179
2053-40374
2054-42670
2055-45065
2056-47360
2057-49655
2058-52050
2059-54444
2060-56938
2061-59432
2062-61925
2063-64519
2064-67112
2065-6984
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
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