Proposed Provision: E2.6. Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2020. Do not provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 249 |
| 2022 | 229 | 237 |
| 2023 | 213 | 225 |
| 2024 | 197 | 212 |
| 2025 | 180 | 199 |
| 2026 | 163 | 186 |
| 2027 | 147 | 172 |
| 2028 | 130 | 159 |
| 2029 | 114 | 146 |
| 2030 | 97 | 132 |
| 2031 | 80 | 119 |
| 2032 | 63 | 105 |
| 2033 | 46 | 91 |
| 2034 | 28 | 77 |
| 2035 | 10 | 63 |
| 2036 | -9 | 48 |
| 2037 | -28 | 33 |
| 2038 | -47 | 18 |
| 2039 | -67 | 2 |
| 2040 | -87 | -14 |
| 2041 | -108 | -30 |
| 2042 | -129 | -47 |
| 2043 | -150 | -63 |
| 2044 | -171 | -80 |
| 2045 | -192 | -96 |
| 2046 | -213 | -113 |
| 2047 | -234 | -129 |
| 2048 | -255 | -145 |
| 2049 | -276 | -162 |
| 2050 | -297 | -178 |
| 2051 | -318 | -194 |
| 2052 | -338 | -211 |
| 2053 | -359 | -227 |
| 2054 | -380 | -243 |
| 2055 | -401 | -260 |
| 2056 | -422 | -276 |
| 2057 | -444 | -293 |
| 2058 | -465 | -310 |
| 2059 | -487 | -327 |
| 2060 | -509 | -345 |
| 2061 | -531 | -362 |
| 2062 | -554 | -381 |
| 2063 | -577 | -399 |
| 2064 | -601 | -418 |
| 2065 | -625 | -437 |
| 2066 | -649 | -457 |
| 2067 | -674 | -477 |
| 2068 | -699 | -497 |
| 2069 | -724 | -518 |
| 2070 | -749 | -539 |
| 2071 | -776 | -560 |
| 2072 | -802 | -582 |
| 2073 | -830 | -604 |
| 2074 | -857 | -627 |
| 2075 | -885 | -650 |
| 2076 | -914 | -674 |
| 2077 | -944 | -699 |
| 2078 | -975 | -724 |
| 2079 | -1007 | -750 |
| 2080 | -1039 | -777 |
| 2081 | -1072 | -804 |
| 2082 | -1106 | -831 |
| 2083 | -1139 | -858 |
| 2084 | -1173 | -886 |
| 2085 | -1207 | -914 |
| 2086 | -1242 | -941 |
| 2087 | -1275 | -969 |
| 2088 | -1309 | -996 |
| 2089 | -1342 | -1023 |
| 2090 | -1375 | -1050 |
| 2091 | -1407 | -1077 |
| 2092 | -1439 | -1103 |
| 2093 | -1471 | -1129 |
| 2094 | -1503 | -1155 |
back