Proposed Provision: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2017, and tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2016303303
2017293293
2018277286
2019262281
2020246275
2021231270
2022216264
2023200257
2024183249
2025165241
2026149234
2027132227
2028115221
202998215
203081209
203164205
203246200
203327195
20348191
2035-11187
2036-30183
2037-50179
2038-71174
2039-91170
2040-112166
2041-133162
2042-154158
2043-176154
2044-197150
2045-218147
2046-240143
2047-262140
2048-283137
2049-305133
2050-327130
2051-349127
2052-371124
2053-393121
2054-415117
2055-437113
2056-460109
2057-482105
2058-506101
2059-52996
2060-55391
2061-57885
2062-60380
2063-62874
2064-65468
2065-68061
2066-70654
2067-73347
2068-76040
2069-78832
2070-81624
2071-84516
2072-8747
2073-905-1
2074-935-10
2075-967-20
2076-1000-29
2077-1033-39
2078-1068-49
2079-1102-58
2080-1138-68
2081-1173-78
2082-1208-88
2083-1243-99
2084-1279-109
2085-1314-119
2086-1349-130
2087-1384-141
2088-1419-152
2089-1455-163
2090-1491-175
2091-1528-187
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