Proposed Provision: Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in 2012. 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 | 348 |
| 2014 | 334 | 349 |
| 2015 | 328 | 351 |
| 2016 | 321 | 352 |
| 2017 | 314 | 353 |
| 2018 | 306 | 352 |
| 2019 | 296 | 349 |
| 2020 | 284 | 344 |
| 2021 | 272 | 339 |
| 2022 | 259 | 332 |
| 2023 | 245 | 325 |
| 2024 | 230 | 317 |
| 2025 | 214 | 308 |
| 2026 | 198 | 299 |
| 2027 | 181 | 288 |
| 2028 | 164 | 278 |
| 2029 | 145 | 266 |
| 2030 | 127 | 255 |
| 2031 | 107 | 243 |
| 2032 | 87 | 230 |
| 2033 | 67 | 218 |
| 2034 | 46 | 205 |
| 2035 | 25 | 192 |
| 2036 | 4 | 179 |
| 2037 | -18 | 166 |
| 2038 | -40 | 153 |
| 2039 | -62 | 140 |
| 2040 | -85 | 127 |
| 2041 | -108 | 114 |
| 2042 | -130 | 101 |
| 2043 | -153 | 88 |
| 2044 | -176 | 75 |
| 2045 | -200 | 62 |
| 2046 | -223 | 49 |
| 2047 | -247 | 36 |
| 2048 | -271 | 23 |
| 2049 | -295 | 9 |
| 2050 | -319 | -4 |
| 2051 | -343 | -17 |
| 2052 | -368 | -31 |
| 2053 | -393 | -45 |
| 2054 | -418 | -58 |
| 2055 | -443 | -72 |
| 2056 | -468 | -87 |
| 2057 | -494 | -101 |
| 2058 | -521 | -116 |
| 2059 | -548 | -131 |
| 2060 | -575 | -146 |
| 2061 | -602 | -162 |
| 2062 | -630 | -178 |
| 2063 | -659 | -194 |
| 2064 | -687 | -210 |
| 2065 | -716 | -226 |
| 2066 | -746 | -243 |
| 2067 | -775 | -260 |
| 2068 | -805 | -277 |
| 2069 | -835 | -294 |
| 2070 | -866 | -312 |
| 2071 | -897 | -330 |
| 2072 | -928 | -348 |
| 2073 | -960 | -367 |
| 2074 | -992 | -386 |
| 2075 | -1025 | -405 |
| 2076 | -1058 | -425 |
| 2077 | -1092 | -445 |
| 2078 | -1126 | -465 |
| 2079 | -1161 | -486 |
| 2080 | -1196 | -508 |
| 2081 | -1232 | -529 |
| 2082 | -1268 | -551 |
| 2083 | -1305 | -573 |
| 2084 | -1342 | -596 |
| 2085 | -1380 | -619 |
| 2086 | -1419 | -643 |
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