Proposed Provision: E3.16. Beginning in 2027, apply 4 percent payroll tax rate on earnings above the wage-indexed equivalent of $400,000 in 2015 (about $643,800 in 2027), with the threshold wage-indexed after 2027. Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings taxed only between 2015 wage-indexed equivalents of $400,000 and $500,000, or about $643,800 and $804,900 in 2027 (with thresholds wage-indexed after 2027); and (2) a formula factor of 2 percent on this newly computed "AIME+".
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 | 115 |
| 2029 | 95 | 99 |
| 2030 | 78 | 84 |
| 2031 | 60 | 68 |
| 2032 | 43 | 53 |
| 2033 | 26 | 37 |
| 2034 | 9 | 22 |
| 2035 | -9 | 7 |
| 2036 | -27 | -9 |
| 2037 | -45 | -25 |
| 2038 | -63 | -42 |
| 2039 | -83 | -59 |
| 2040 | -102 | -77 |
| 2041 | -122 | -95 |
| 2042 | -143 | -113 |
| 2043 | -164 | -132 |
| 2044 | -185 | -151 |
| 2045 | -206 | -170 |
| 2046 | -228 | -190 |
| 2047 | -250 | -209 |
| 2048 | -272 | -229 |
| 2049 | -295 | -249 |
| 2050 | -317 | -270 |
| 2051 | -340 | -290 |
| 2052 | -363 | -311 |
| 2053 | -386 | -332 |
| 2054 | -409 | -353 |
| 2055 | -433 | -375 |
| 2056 | -457 | -396 |
| 2057 | -481 | -418 |
| 2058 | -505 | -441 |
| 2059 | -530 | -464 |
| 2060 | -556 | -487 |
| 2061 | -582 | -511 |
| 2062 | -609 | -536 |
| 2063 | -636 | -561 |
| 2064 | -664 | -587 |
| 2065 | -692 | -613 |
| 2066 | -721 | -639 |
| 2067 | -750 | -666 |
| 2068 | -780 | -693 |
| 2069 | -810 | -721 |
| 2070 | -840 | -749 |
| 2071 | -871 | -778 |
| 2072 | -903 | -807 |
| 2073 | -935 | -837 |
| 2074 | -967 | -867 |
| 2075 | -1000 | -898 |
| 2076 | -1035 | -930 |
| 2077 | -1070 | -962 |
| 2078 | -1106 | -996 |
| 2079 | -1142 | -1030 |
| 2080 | -1180 | -1065 |
| 2081 | -1219 | -1101 |
| 2082 | -1258 | -1137 |
| 2083 | -1298 | -1174 |
| 2084 | -1338 | -1212 |
| 2085 | -1380 | -1251 |
| 2086 | -1423 | -1290 |
| 2087 | -1466 | -1330 |
| 2088 | -1510 | -1371 |
| 2089 | -1554 | -1412 |
| 2090 | -1599 | -1453 |
| 2091 | -1643 | -1494 |
| 2092 | -1687 | -1535 |
| 2093 | -1731 | -1575 |
| 2094 | -1774 | -1614 |
| 2095 | -1816 | -1654 |
| 2096 | -1858 | -1692 |
| 2097 | -1900 | -1731 |
| 2098 | -1941 | -1769 |
| 2099 | -1982 | -1807 |
| 2100 | -2022 | -1844 |
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