Proposed Provision: Beginning in 2024, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2024. 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
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165167
2026149152
2027132137
2028115122
202998106
20308191
20316475
20324659
20332743
2034825
2035-118
2036-30-10
2037-50-28
2038-71-46
2039-91-65
2040-112-84
2041-133-103
2042-154-122
2043-176-141
2044-197-161
2045-218-180
2046-240-199
2047-262-219
2048-283-239
2049-305-258
2050-327-278
2051-349-298
2052-371-317
2053-393-337
2054-415-357
2055-437-377
2056-460-398
2057-482-418
2058-506-439
2059-529-461
2060-553-483
2061-578-505
2062-603-527
2063-628-551
2064-654-574
2065-680-598
2066-706-622
2067-733-647
2068-760-672
2069-788-697
2070-816-723
2071-845-749
2072-874-776
2073-905-804
2074-935-832
2075-967-861
2076-1000-891
2077-1033-922
2078-1068-953
2079-1102-985
2080-1138-1018
2081-1173-1050
2082-1208-1082
2083-1243-1115
2084-1279-1147
2085-1314-1179
2086-1349-1211
2087-1384-1244
2088-1419-1276
2089-1455-1309
2090-1491-1343
2091-1528-1376
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