Proposed Provision: Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in 2017. 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 Present Law Provision
2016303303
2017293293
2018277285
2019262278
2020246270
2021231263
2022216255
2023200245
2024183235
2025165224
2026149214
2027132203
2028115193
202998183
203081173
203164163
203246153
203327142
20348131
2035-11120
2036-30109
2037-5097
2038-7185
2039-9173
2040-11261
2041-13348
2042-15436
2043-17624
2044-19712
2045-2180
2046-240-12
2047-262-24
2048-283-36
2049-305-48
2050-327-60
2051-349-72
2052-371-84
2053-393-96
2054-415-109
2055-437-121
2056-460-134
2057-482-147
2058-506-161
2059-529-175
2060-553-189
2061-578-203
2062-603-218
2063-628-233
2064-654-249
2065-680-265
2066-706-281
2067-733-297
2068-760-314
2069-788-332
2070-816-349
2071-845-367
2072-874-386
2073-905-405
2074-935-424
2075-967-444
2076-1000-465
2077-1033-486
2078-1068-507
2079-1102-529
2080-1138-551
2081-1173-573
2082-1208-595
2083-1243-617
2084-1279-639
2085-1314-661
2086-1349-683
2087-1384-706
2088-1419-729
2089-1455-752
2090-1491-775
2091-1528-799
back