Proposed Provision: E3.13. Beginning in 2033, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $760,800 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
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324343
20332626
2034910
2035-9-7
2036-27-24
2037-45-41
2038-63-58
2039-83-76
2040-102-95
2041-122-114
2042-143-133
2043-164-153
2044-185-173
2045-206-194
2046-228-214
2047-250-235
2048-272-256
2049-295-277
2050-317-299
2051-340-321
2052-363-342
2053-386-364
2054-409-387
2055-433-409
2056-457-432
2057-481-455
2058-505-478
2059-530-502
2060-556-527
2061-582-552
2062-609-577
2063-636-604
2064-664-630
2065-692-657
2066-721-685
2067-750-713
2068-780-741
2069-810-770
2070-840-799
2071-871-829
2072-903-860
2073-935-890
2074-967-922
2075-1000-954
2076-1035-987
2077-1070-1021
2078-1106-1055
2079-1142-1091
2080-1180-1127
2081-1219-1164
2082-1258-1202
2083-1298-1240
2084-1338-1280
2085-1380-1320
2086-1423-1361
2087-1466-1403
2088-1510-1445
2089-1554-1487
2090-1599-1530
2091-1643-1573
2092-1687-1615
2093-1731-1657
2094-1774-1698
2095-1816-1739
2096-1858-1780
2097-1900-1820
2098-1941-1859
2099-1982-1898
2100-2022-1937
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