Proposed Provision: E3.10. 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. 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
2035-9-6
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
2048-272-253
2049-295-274
2050-317-295
2051-340-316
2052-363-338
2053-386-360
2054-409-382
2055-433-404
2056-457-427
2057-481-449
2058-505-473
2059-530-496
2060-556-521
2061-582-546
2062-609-571
2063-636-597
2064-664-624
2065-692-651
2066-721-678
2067-750-706
2068-780-735
2069-810-763
2070-840-793
2071-871-822
2072-903-853
2073-935-883
2074-967-915
2075-1000-947
2076-1035-980
2077-1070-1013
2078-1106-1048
2079-1142-1083
2080-1180-1120
2081-1219-1157
2082-1258-1195
2083-1298-1233
2084-1338-1273
2085-1380-1313
2086-1423-1354
2087-1466-1396
2088-1510-1438
2089-1554-1481
2090-1599-1524
2091-1643-1567
2092-1687-1609
2093-1731-1651
2094-1774-1693
2095-1816-1734
2096-1858-1774
2097-1900-1815
2098-1941-1855
2099-1982-1894
2100-2022-1933
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