Proposed Provision: E2.8. Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2022-2069, and a 3 percent rate for years 2070 and later. 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 | 245 |
| 2022 | 229 | 229 |
| 2023 | 213 | 216 |
| 2024 | 197 | 202 |
| 2025 | 180 | 188 |
| 2026 | 163 | 173 |
| 2027 | 147 | 159 |
| 2028 | 130 | 145 |
| 2029 | 114 | 131 |
| 2030 | 97 | 116 |
| 2031 | 80 | 102 |
| 2032 | 63 | 87 |
| 2033 | 46 | 72 |
| 2034 | 28 | 57 |
| 2035 | 10 | 41 |
| 2036 | -9 | 25 |
| 2037 | -28 | 9 |
| 2038 | -47 | -8 |
| 2039 | -67 | -25 |
| 2040 | -87 | -43 |
| 2041 | -108 | -61 |
| 2042 | -129 | -78 |
| 2043 | -150 | -96 |
| 2044 | -171 | -114 |
| 2045 | -192 | -132 |
| 2046 | -213 | -151 |
| 2047 | -234 | -168 |
| 2048 | -255 | -186 |
| 2049 | -276 | -204 |
| 2050 | -297 | -222 |
| 2051 | -318 | -240 |
| 2052 | -338 | -258 |
| 2053 | -359 | -276 |
| 2054 | -380 | -294 |
| 2055 | -401 | -312 |
| 2056 | -422 | -330 |
| 2057 | -444 | -348 |
| 2058 | -465 | -366 |
| 2059 | -487 | -385 |
| 2060 | -509 | -404 |
| 2061 | -531 | -424 |
| 2062 | -554 | -443 |
| 2063 | -577 | -463 |
| 2064 | -601 | -484 |
| 2065 | -625 | -505 |
| 2066 | -649 | -526 |
| 2067 | -674 | -548 |
| 2068 | -699 | -569 |
| 2069 | -724 | -592 |
| 2070 | -749 | -614 |
| 2071 | -776 | -636 |
| 2072 | -802 | -658 |
| 2073 | -830 | -681 |
| 2074 | -857 | -705 |
| 2075 | -885 | -728 |
| 2076 | -914 | -753 |
| 2077 | -944 | -778 |
| 2078 | -975 | -804 |
| 2079 | -1007 | -831 |
| 2080 | -1039 | -858 |
| 2081 | -1072 | -886 |
| 2082 | -1106 | -914 |
| 2083 | -1139 | -942 |
| 2084 | -1173 | -971 |
| 2085 | -1207 | -999 |
| 2086 | -1242 | -1028 |
| 2087 | -1275 | -1056 |
| 2088 | -1309 | -1085 |
| 2089 | -1342 | -1112 |
| 2090 | -1375 | -1140 |
| 2091 | -1407 | -1167 |
| 2092 | -1439 | -1194 |
| 2093 | -1471 | -1221 |
| 2094 | -1503 | -1248 |
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