Proposed Provision: E3.16. Beginning in 2026, apply 4 percent payroll tax rate on earnings above the wage-indexed equivalent of $400,000 in 2015 (about $612,900 in 2026), with the threshold wage-indexed after 2026. Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings taxed only between 2015 wage-indexed equivalents of $400,000 and $500,000, or about $612,900 and $766,200 in 2026 (with thresholds wage-indexed after 2026); and (2) a formula factor of 2 percent on this newly computed "AIME+".
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 136 |
| 2028 | 117 | 121 |
| 2029 | 101 | 107 |
| 2030 | 84 | 92 |
| 2031 | 68 | 78 |
| 2032 | 53 | 65 |
| 2033 | 37 | 51 |
| 2034 | 22 | 38 |
| 2035 | 7 | 24 |
| 2036 | -9 | 10 |
| 2037 | -26 | -4 |
| 2038 | -43 | -19 |
| 2039 | -60 | -34 |
| 2040 | -78 | -50 |
| 2041 | -96 | -67 |
| 2042 | -115 | -83 |
| 2043 | -135 | -100 |
| 2044 | -154 | -118 |
| 2045 | -174 | -136 |
| 2046 | -194 | -153 |
| 2047 | -215 | -172 |
| 2048 | -235 | -190 |
| 2049 | -256 | -209 |
| 2050 | -277 | -227 |
| 2051 | -299 | -247 |
| 2052 | -320 | -266 |
| 2053 | -342 | -285 |
| 2054 | -364 | -305 |
| 2055 | -386 | -325 |
| 2056 | -409 | -346 |
| 2057 | -431 | -366 |
| 2058 | -455 | -387 |
| 2059 | -478 | -409 |
| 2060 | -502 | -431 |
| 2061 | -527 | -453 |
| 2062 | -553 | -477 |
| 2063 | -579 | -500 |
| 2064 | -605 | -525 |
| 2065 | -632 | -550 |
| 2066 | -660 | -575 |
| 2067 | -688 | -600 |
| 2068 | -716 | -626 |
| 2069 | -745 | -653 |
| 2070 | -774 | -679 |
| 2071 | -803 | -707 |
| 2072 | -834 | -735 |
| 2073 | -864 | -763 |
| 2074 | -895 | -792 |
| 2075 | -927 | -821 |
| 2076 | -960 | -851 |
| 2077 | -993 | -882 |
| 2078 | -1027 | -913 |
| 2079 | -1062 | -946 |
| 2080 | -1098 | -979 |
| 2081 | -1134 | -1012 |
| 2082 | -1172 | -1047 |
| 2083 | -1209 | -1082 |
| 2084 | -1248 | -1117 |
| 2085 | -1287 | -1153 |
| 2086 | -1327 | -1190 |
| 2087 | -1368 | -1227 |
| 2088 | -1409 | -1265 |
| 2089 | -1450 | -1303 |
| 2090 | -1491 | -1341 |
| 2091 | -1532 | -1378 |
| 2092 | -1573 | -1415 |
| 2093 | -1612 | -1452 |
| 2094 | -1651 | -1487 |
| 2095 | -1689 | -1522 |
| 2096 | -1727 | -1557 |
| 2097 | -1764 | -1591 |
| 2098 | -1801 | -1625 |
| 2099 | -1838 | -1659 |
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