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
2019273273
2020260260
2021245249
2022229237
2023213225
2024197212
2025180199
2026163186
2027147172
2028130159
2029114146
203097132
203180119
203263105
20334691
20342877
20351063
2036-948
2037-2833
2038-4718
2039-672
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
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