Proposed Provision: E3.11. Beginning in 2033, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $570,600 in 2033), with the threshold wage-indexed after 2033. 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 | 131 |
| 2028 | 113 | 113 |
| 2029 | 95 | 95 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 43 |
| 2033 | 26 | 26 |
| 2034 | 9 | 10 |
| 2035 | -9 | -6 |
| 2036 | -27 | -23 |
| 2037 | -45 | -40 |
| 2038 | -63 | -57 |
| 2039 | -83 | -75 |
| 2040 | -102 | -93 |
| 2041 | -122 | -112 |
| 2042 | -143 | -131 |
| 2043 | -164 | -151 |
| 2044 | -185 | -171 |
| 2045 | -206 | -191 |
| 2046 | -228 | -211 |
| 2047 | -250 | -232 |
| 2048 | -272 | -252 |
| 2049 | -295 | -273 |
| 2050 | -317 | -294 |
| 2051 | -340 | -316 |
| 2052 | -363 | -337 |
| 2053 | -386 | -359 |
| 2054 | -409 | -381 |
| 2055 | -433 | -403 |
| 2056 | -457 | -426 |
| 2057 | -481 | -449 |
| 2058 | -505 | -472 |
| 2059 | -530 | -495 |
| 2060 | -556 | -520 |
| 2061 | -582 | -544 |
| 2062 | -609 | -570 |
| 2063 | -636 | -596 |
| 2064 | -664 | -622 |
| 2065 | -692 | -649 |
| 2066 | -721 | -676 |
| 2067 | -750 | -704 |
| 2068 | -780 | -732 |
| 2069 | -810 | -761 |
| 2070 | -840 | -790 |
| 2071 | -871 | -819 |
| 2072 | -903 | -849 |
| 2073 | -935 | -880 |
| 2074 | -967 | -911 |
| 2075 | -1000 | -943 |
| 2076 | -1035 | -975 |
| 2077 | -1070 | -1009 |
| 2078 | -1106 | -1043 |
| 2079 | -1142 | -1078 |
| 2080 | -1180 | -1114 |
| 2081 | -1219 | -1151 |
| 2082 | -1258 | -1188 |
| 2083 | -1298 | -1227 |
| 2084 | -1338 | -1266 |
| 2085 | -1380 | -1305 |
| 2086 | -1423 | -1346 |
| 2087 | -1466 | -1387 |
| 2088 | -1510 | -1429 |
| 2089 | -1554 | -1471 |
| 2090 | -1599 | -1514 |
| 2091 | -1643 | -1556 |
| 2092 | -1687 | -1598 |
| 2093 | -1731 | -1639 |
| 2094 | -1774 | -1680 |
| 2095 | -1816 | -1721 |
| 2096 | -1858 | -1761 |
| 2097 | -1900 | -1800 |
| 2098 | -1941 | -1840 |
| 2099 | -1982 | -1878 |
| 2100 | -2022 | -1917 |
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