Proposed Provision: E3.11. Beginning in 2026, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $419,100 in 2026), with the threshold wage-indexed after 2026. 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 | 256 |
| 2021 | 239 | 239 |
| 2022 | 223 | 223 |
| 2023 | 206 | 206 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 154 | 154 |
| 2027 | 137 | 138 |
| 2028 | 120 | 123 |
| 2029 | 104 | 107 |
| 2030 | 86 | 91 |
| 2031 | 69 | 75 |
| 2032 | 51 | 58 |
| 2033 | 33 | 41 |
| 2034 | 14 | 24 |
| 2035 | -5 | 6 |
| 2036 | -25 | -13 |
| 2037 | -46 | -32 |
| 2038 | -67 | -52 |
| 2039 | -88 | -72 |
| 2040 | -110 | -92 |
| 2041 | -132 | -113 |
| 2042 | -154 | -134 |
| 2043 | -176 | -155 |
| 2044 | -199 | -176 |
| 2045 | -221 | -197 |
| 2046 | -244 | -218 |
| 2047 | -267 | -239 |
| 2048 | -289 | -260 |
| 2049 | -312 | -281 |
| 2050 | -335 | -302 |
| 2051 | -358 | -324 |
| 2052 | -381 | -345 |
| 2053 | -403 | -366 |
| 2054 | -426 | -388 |
| 2055 | -450 | -409 |
| 2056 | -473 | -431 |
| 2057 | -496 | -453 |
| 2058 | -520 | -475 |
| 2059 | -544 | -498 |
| 2060 | -569 | -521 |
| 2061 | -594 | -544 |
| 2062 | -619 | -568 |
| 2063 | -645 | -592 |
| 2064 | -671 | -617 |
| 2065 | -698 | -642 |
| 2066 | -725 | -667 |
| 2067 | -752 | -693 |
| 2068 | -780 | -719 |
| 2069 | -808 | -746 |
| 2070 | -837 | -773 |
| 2071 | -866 | -800 |
| 2072 | -896 | -828 |
| 2073 | -927 | -857 |
| 2074 | -958 | -887 |
| 2075 | -990 | -917 |
| 2076 | -1023 | -948 |
| 2077 | -1057 | -980 |
| 2078 | -1092 | -1013 |
| 2079 | -1128 | -1047 |
| 2080 | -1165 | -1081 |
| 2081 | -1202 | -1117 |
| 2082 | -1240 | -1152 |
| 2083 | -1278 | -1188 |
| 2084 | -1316 | -1224 |
| 2085 | -1354 | -1260 |
| 2086 | -1392 | -1296 |
| 2087 | -1430 | -1331 |
| 2088 | -1468 | -1367 |
| 2089 | -1505 | -1402 |
| 2090 | -1543 | -1438 |
| 2091 | -1580 | -1473 |
| 2092 | -1618 | -1508 |
| 2093 | -1655 | -1544 |
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