Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2026, 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 |
Current Law |
Provision |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 143 |
| 2028 | 113 | 137 |
| 2029 | 95 | 131 |
| 2030 | 78 | 126 |
| 2031 | 60 | 122 |
| 2032 | 43 | 117 |
| 2033 | 26 | 114 |
| 2034 | 9 | 112 |
| 2035 | -9 | 109 |
| 2036 | -27 | 107 |
| 2037 | -45 | 104 |
| 2038 | -63 | 100 |
| 2039 | -83 | 97 |
| 2040 | -102 | 93 |
| 2041 | -122 | 89 |
| 2042 | -143 | 86 |
| 2043 | -164 | 81 |
| 2044 | -185 | 77 |
| 2045 | -206 | 73 |
| 2046 | -228 | 68 |
| 2047 | -250 | 64 |
| 2048 | -272 | 59 |
| 2049 | -295 | 54 |
| 2050 | -317 | 48 |
| 2051 | -340 | 43 |
| 2052 | -363 | 37 |
| 2053 | -386 | 31 |
| 2054 | -409 | 24 |
| 2055 | -433 | 18 |
| 2056 | -457 | 10 |
| 2057 | -481 | 3 |
| 2058 | -505 | -5 |
| 2059 | -530 | -14 |
| 2060 | -556 | -23 |
| 2061 | -582 | -33 |
| 2062 | -609 | -43 |
| 2063 | -636 | -53 |
| 2064 | -664 | -63 |
| 2065 | -692 | -74 |
| 2066 | -721 | -86 |
| 2067 | -750 | -98 |
| 2068 | -780 | -110 |
| 2069 | -810 | -122 |
| 2070 | -840 | -135 |
| 2071 | -871 | -148 |
| 2072 | -903 | -162 |
| 2073 | -935 | -176 |
| 2074 | -967 | -190 |
| 2075 | -1000 | -205 |
| 2076 | -1035 | -221 |
| 2077 | -1070 | -236 |
| 2078 | -1106 | -253 |
| 2079 | -1142 | -269 |
| 2080 | -1180 | -286 |
| 2081 | -1219 | -303 |
| 2082 | -1258 | -320 |
| 2083 | -1298 | -338 |
| 2084 | -1338 | -356 |
| 2085 | -1380 | -374 |
| 2086 | -1423 | -392 |
| 2087 | -1466 | -411 |
| 2088 | -1510 | -429 |
| 2089 | -1554 | -448 |
| 2090 | -1599 | -466 |
| 2091 | -1643 | -484 |
| 2092 | -1687 | -502 |
| 2093 | -1731 | -520 |
| 2094 | -1774 | -537 |
| 2095 | -1816 | -554 |
| 2096 | -1858 | -571 |
| 2097 | -1900 | -588 |
| 2098 | -1941 | -605 |
| 2099 | -1982 | -621 |
| 2100 | -2022 | -638 |
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