Proposed Provision: E3.11. Beginning in 2034, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $604,800 in 2034), with the threshold wage-indexed after 2034. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 111 |
| 2029 | 92 | 92 |
| 2030 | 74 | 74 |
| 2031 | 57 | 57 |
| 2032 | 40 | 40 |
| 2033 | 23 | 23 |
| 2034 | 7 | 7 |
| 2035 | -9 | -7 |
| 2036 | -25 | -22 |
| 2037 | -41 | -37 |
| 2038 | -58 | -53 |
| 2039 | -76 | -69 |
| 2040 | -94 | -86 |
| 2041 | -112 | -103 |
| 2042 | -132 | -121 |
| 2043 | -151 | -139 |
| 2044 | -171 | -158 |
| 2045 | -192 | -177 |
| 2046 | -213 | -197 |
| 2047 | -234 | -217 |
| 2048 | -256 | -238 |
| 2049 | -279 | -259 |
| 2050 | -301 | -280 |
| 2051 | -324 | -301 |
| 2052 | -347 | -323 |
| 2053 | -371 | -346 |
| 2054 | -395 | -368 |
| 2055 | -420 | -392 |
| 2056 | -445 | -415 |
| 2057 | -470 | -439 |
| 2058 | -496 | -464 |
| 2059 | -522 | -489 |
| 2060 | -550 | -515 |
| 2061 | -578 | -542 |
| 2062 | -607 | -569 |
| 2063 | -636 | -597 |
| 2064 | -666 | -626 |
| 2065 | -697 | -656 |
| 2066 | -729 | -686 |
| 2067 | -761 | -717 |
| 2068 | -794 | -748 |
| 2069 | -827 | -780 |
| 2070 | -861 | -813 |
| 2071 | -896 | -846 |
| 2072 | -931 | -880 |
| 2073 | -967 | -915 |
| 2074 | -1004 | -950 |
| 2075 | -1042 | -987 |
| 2076 | -1081 | -1024 |
| 2077 | -1121 | -1063 |
| 2078 | -1162 | -1102 |
| 2079 | -1204 | -1143 |
| 2080 | -1248 | -1185 |
| 2081 | -1292 | -1228 |
| 2082 | -1337 | -1271 |
| 2083 | -1384 | -1316 |
| 2084 | -1431 | -1361 |
| 2085 | -1480 | -1408 |
| 2086 | -1530 | -1456 |
| 2087 | -1581 | -1506 |
| 2088 | -1633 | -1556 |
| 2089 | -1686 | -1607 |
| 2090 | -1740 | -1659 |
| 2091 | -1795 | -1712 |
| 2092 | -1850 | -1765 |
| 2093 | -1906 | -1818 |
| 2094 | -1962 | -1873 |
| 2095 | -2019 | -1927 |
| 2096 | -2075 | -1981 |
| 2097 | -2132 | -2036 |
| 2098 | -2189 | -2091 |
| 2099 | -2246 | -2146 |
| 2100 | -2303 | -2200 |
| 2101 | -2359 | -2255 |
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