Proposed Provision: E3.8. Beginning in 2033, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $380,400 in 2033), with the threshold wage-indexed after 2033. Provide proportional benefit credit for additional earnings taxed, based on the payroll tax rate applied to the additional earnings divided by the full 12.4 percent payroll tax rate.

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
2035-9-5
2036-27-21
2037-45-38
2038-63-55
2039-83-72
2040-102-90
2041-122-108
2042-143-127
2043-164-146
2044-185-166
2045-206-185
2046-228-205
2047-250-225
2048-272-246
2049-295-266
2050-317-287
2051-340-308
2052-363-329
2053-386-350
2054-409-372
2055-433-394
2056-457-416
2057-481-438
2058-505-461
2059-530-484
2060-556-508
2061-582-533
2062-609-558
2063-636-584
2064-664-610
2065-692-636
2066-721-663
2067-750-691
2068-780-719
2069-810-747
2070-840-776
2071-871-805
2072-903-835
2073-935-865
2074-967-896
2075-1000-927
2076-1035-960
2077-1070-993
2078-1106-1027
2079-1142-1063
2080-1180-1098
2081-1219-1135
2082-1258-1172
2083-1298-1210
2084-1338-1249
2085-1380-1289
2086-1423-1330
2087-1466-1371
2088-1510-1413
2089-1554-1455
2090-1599-1497
2091-1643-1540
2092-1687-1582
2093-1731-1623
2094-1774-1664
2095-1816-1705
2096-1858-1745
2097-1900-1785
2098-1941-1824
2099-1982-1863
2100-2022-1902
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