Proposed Provision: E3.11. Beginning in 2031, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $522,300 in 2031), with the threshold wage-indexed after 2031. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 114 | 114 |
| 2029 | 96 | 96 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 44 |
| 2033 | 25 | 27 |
| 2034 | 7 | 11 |
| 2035 | -12 | -7 |
| 2036 | -31 | -25 |
| 2037 | -51 | -43 |
| 2038 | -70 | -62 |
| 2039 | -91 | -81 |
| 2040 | -112 | -100 |
| 2041 | -133 | -120 |
| 2042 | -154 | -140 |
| 2043 | -176 | -161 |
| 2044 | -198 | -181 |
| 2045 | -220 | -202 |
| 2046 | -243 | -223 |
| 2047 | -265 | -244 |
| 2048 | -288 | -265 |
| 2049 | -311 | -286 |
| 2050 | -333 | -308 |
| 2051 | -357 | -330 |
| 2052 | -380 | -351 |
| 2053 | -403 | -373 |
| 2054 | -427 | -395 |
| 2055 | -450 | -418 |
| 2056 | -474 | -440 |
| 2057 | -498 | -463 |
| 2058 | -522 | -485 |
| 2059 | -547 | -509 |
| 2060 | -572 | -532 |
| 2061 | -597 | -557 |
| 2062 | -623 | -581 |
| 2063 | -650 | -607 |
| 2064 | -677 | -633 |
| 2065 | -705 | -659 |
| 2066 | -733 | -686 |
| 2067 | -762 | -713 |
| 2068 | -791 | -740 |
| 2069 | -820 | -768 |
| 2070 | -850 | -796 |
| 2071 | -880 | -825 |
| 2072 | -911 | -855 |
| 2073 | -942 | -884 |
| 2074 | -974 | -914 |
| 2075 | -1006 | -945 |
| 2076 | -1039 | -977 |
| 2077 | -1074 | -1009 |
| 2078 | -1108 | -1042 |
| 2079 | -1144 | -1077 |
| 2080 | -1181 | -1111 |
| 2081 | -1218 | -1147 |
| 2082 | -1256 | -1183 |
| 2083 | -1294 | -1219 |
| 2084 | -1333 | -1256 |
| 2085 | -1373 | -1294 |
| 2086 | -1413 | -1332 |
| 2087 | -1453 | -1370 |
| 2088 | -1494 | -1408 |
| 2089 | -1534 | -1447 |
| 2090 | -1574 | -1484 |
| 2091 | -1613 | -1522 |
| 2092 | -1651 | -1558 |
| 2093 | -1689 | -1594 |
| 2094 | -1726 | -1629 |
| 2095 | -1762 | -1663 |
| 2096 | -1798 | -1697 |
| 2097 | -1833 | -1731 |
| 2098 | -1868 | -1764 |
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