Proposed Provision: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2012, 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 Present Law Provision
2011353353
2012347347
2013341349
2014334351
2015328353
2016321356
2017314358
2018306360
2019296359
2020284357
2021272354
2022259350
2023245345
2024230341
2025214335
2026198330
2027181324
2028164318
2029145312
2030127306
2031107300
203287294
203367289
203446283
203525278
20364273
2037-18268
2038-40263
2039-62258
2040-85254
2041-108250
2042-130246
2043-153242
2044-176238
2045-200235
2046-223231
2047-247228
2048-271225
2049-295222
2050-319218
2051-343215
2052-368212
2053-393209
2054-418205
2055-443201
2056-468198
2057-494194
2058-521190
2059-548186
2060-575181
2061-602177
2062-630173
2063-659168
2064-687164
2065-716159
2066-746154
2067-775149
2068-805144
2069-835139
2070-866133
2071-897127
2072-928121
2073-960115
2074-992108
2075-1025101
2076-105894
2077-109287
2078-112680
2079-116172
2080-119664
2081-123255
2082-126847
2083-130538
2084-134229
2085-138020
2086-141910
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