Proposed Provision: Apply 3 percent payroll tax rate on earnings over $300,000 in 2018, with the $300,000 threshold wage-indexed after 2018. Give no benefit credit for additional earnings in AIME for benefit computation.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309311
2020299304
2021289295
2022277285
2023264275
2024251263
2025237251
2026221237
2027205223
2028189209
2029171193
2030154178
2031136162
2032117145
203398128
203479111
20355994
20363976
20371958
2038-140
2039-2122
2040-424
2041-63-14
2042-84-32
2043-105-51
2044-126-69
2045-147-87
2046-168-106
2047-189-124
2048-211-143
2049-233-162
2050-255-181
2051-277-200
2052-299-220
2053-321-239
2054-344-258
2055-366-278
2056-389-298
2057-412-318
2058-436-339
2059-460-360
2060-485-381
2061-509-403
2062-534-425
2063-560-447
2064-586-470
2065-612-493
2066-638-516
2067-665-540
2068-692-564
2069-720-588
2070-748-612
2071-776-638
2072-805-663
2073-834-689
2074-864-715
2075-894-742
2076-925-769
2077-957-797
2078-989-826
2079-1021-854
2080-1054-884
2081-1087-913
2082-1121-944
2083-1156-975
2084-1191-1006
2085-1227-1038
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