Proposed Provision: Eliminate the taxable maximum in years 2012 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 356 |
| 2014 | 334 | 366 |
| 2015 | 328 | 375 |
| 2016 | 321 | 385 |
| 2017 | 314 | 394 |
| 2018 | 306 | 401 |
| 2019 | 296 | 405 |
| 2020 | 284 | 408 |
| 2021 | 272 | 409 |
| 2022 | 259 | 410 |
| 2023 | 245 | 409 |
| 2024 | 230 | 408 |
| 2025 | 214 | 407 |
| 2026 | 198 | 405 |
| 2027 | 181 | 402 |
| 2028 | 164 | 398 |
| 2029 | 145 | 395 |
| 2030 | 127 | 391 |
| 2031 | 107 | 386 |
| 2032 | 87 | 382 |
| 2033 | 67 | 377 |
| 2034 | 46 | 373 |
| 2035 | 25 | 369 |
| 2036 | 4 | 365 |
| 2037 | -18 | 361 |
| 2038 | -40 | 357 |
| 2039 | -62 | 354 |
| 2040 | -85 | 351 |
| 2041 | -108 | 348 |
| 2042 | -130 | 345 |
| 2043 | -153 | 343 |
| 2044 | -176 | 341 |
| 2045 | -200 | 339 |
| 2046 | -223 | 337 |
| 2047 | -247 | 335 |
| 2048 | -271 | 333 |
| 2049 | -295 | 332 |
| 2050 | -319 | 330 |
| 2051 | -343 | 328 |
| 2052 | -368 | 327 |
| 2053 | -393 | 325 |
| 2054 | -418 | 323 |
| 2055 | -443 | 321 |
| 2056 | -468 | 318 |
| 2057 | -494 | 316 |
| 2058 | -521 | 313 |
| 2059 | -548 | 311 |
| 2060 | -575 | 308 |
| 2061 | -602 | 306 |
| 2062 | -630 | 303 |
| 2063 | -659 | 300 |
| 2064 | -687 | 297 |
| 2065 | -716 | 294 |
| 2066 | -746 | 291 |
| 2067 | -775 | 287 |
| 2068 | -805 | 284 |
| 2069 | -835 | 280 |
| 2070 | -866 | 276 |
| 2071 | -897 | 272 |
| 2072 | -928 | 267 |
| 2073 | -960 | 263 |
| 2074 | -992 | 258 |
| 2075 | -1025 | 252 |
| 2076 | -1058 | 247 |
| 2077 | -1092 | 241 |
| 2078 | -1126 | 236 |
| 2079 | -1161 | 230 |
| 2080 | -1196 | 223 |
| 2081 | -1232 | 217 |
| 2082 | -1268 | 210 |
| 2083 | -1305 | 203 |
| 2084 | -1342 | 196 |
| 2085 | -1380 | 188 |
| 2086 | -1419 | 180 |
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