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 |
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 | -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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