Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2026, and tax all earnings once the current-law taxable maximum exceeds $250,000. 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 | 143 |
| 2028 | 113 | 137 |
| 2029 | 95 | 131 |
| 2030 | 78 | 126 |
| 2031 | 60 | 122 |
| 2032 | 43 | 117 |
| 2033 | 26 | 113 |
| 2034 | 9 | 111 |
| 2035 | -9 | 108 |
| 2036 | -27 | 105 |
| 2037 | -45 | 102 |
| 2038 | -63 | 99 |
| 2039 | -83 | 96 |
| 2040 | -102 | 92 |
| 2041 | -122 | 88 |
| 2042 | -143 | 84 |
| 2043 | -164 | 80 |
| 2044 | -185 | 76 |
| 2045 | -206 | 72 |
| 2046 | -228 | 67 |
| 2047 | -250 | 62 |
| 2048 | -272 | 58 |
| 2049 | -295 | 53 |
| 2050 | -317 | 47 |
| 2051 | -340 | 42 |
| 2052 | -363 | 36 |
| 2053 | -386 | 30 |
| 2054 | -409 | 23 |
| 2055 | -433 | 16 |
| 2056 | -457 | 9 |
| 2057 | -481 | 1 |
| 2058 | -505 | -7 |
| 2059 | -530 | -15 |
| 2060 | -556 | -24 |
| 2061 | -582 | -34 |
| 2062 | -609 | -44 |
| 2063 | -636 | -54 |
| 2064 | -664 | -65 |
| 2065 | -692 | -76 |
| 2066 | -721 | -87 |
| 2067 | -750 | -99 |
| 2068 | -780 | -111 |
| 2069 | -810 | -124 |
| 2070 | -840 | -136 |
| 2071 | -871 | -150 |
| 2072 | -903 | -163 |
| 2073 | -935 | -177 |
| 2074 | -967 | -192 |
| 2075 | -1000 | -207 |
| 2076 | -1035 | -222 |
| 2077 | -1070 | -238 |
| 2078 | -1106 | -254 |
| 2079 | -1142 | -271 |
| 2080 | -1180 | -287 |
| 2081 | -1219 | -304 |
| 2082 | -1258 | -322 |
| 2083 | -1298 | -340 |
| 2084 | -1338 | -357 |
| 2085 | -1380 | -376 |
| 2086 | -1423 | -394 |
| 2087 | -1466 | -412 |
| 2088 | -1510 | -431 |
| 2089 | -1554 | -449 |
| 2090 | -1599 | -467 |
| 2091 | -1643 | -486 |
| 2092 | -1687 | -504 |
| 2093 | -1731 | -521 |
| 2094 | -1774 | -539 |
| 2095 | -1816 | -556 |
| 2096 | -1858 | -573 |
| 2097 | -1900 | -590 |
| 2098 | -1941 | -606 |
| 2099 | -1982 | -623 |
| 2100 | -2022 | -639 |
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