Proposed Provision: Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning in 2013. For the employee payroll tax (6.2 percent) and for benefit calculation purposes, beginning in 2013, increase the taxable maximum by an additional 2 percent per year until taxable earnings equal 90 percent of covered earnings.

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

Year Present Law Provision
2012340340
2013329329
2014315323
2015302318
2016290314
2017277310
2018265306
2019253303
2020240298
2021227292
2022212285
2023197277
2024181269
2025164260
2026147250
2027129241
2028110230
202990219
203070208
203149195
203227183
20335170
2034-18157
2035-41144
2036-65131
2037-89118
2038-114105
2039-13892
2040-16379
2041-18966
2042-21553
2043-24040
2044-26627
2045-29214
2046-3191
2047-346-12
2048-373-25
2049-400-38
2050-428-52
2051-456-65
2052-484-78
2053-512-92
2054-540-105
2055-569-119
2056-598-133
2057-628-147
2058-657-162
2059-688-177
2060-719-192
2061-750-208
2062-782-223
2063-814-239
2064-847-255
2065-880-272
2066-913-288
2067-946-305
2068-980-322
2069-1014-340
2070-1049-357
2071-1084-376
2072-1120-394
2073-1156-413
2074-1193-432
2075-1230-452
2076-1268-472
2077-1307-492
2078-1346-513
2079-1385-534
2080-1425-555
2081-1465-577
2082-1505-599
2083-1547-621
2084-1588-644
2085-1631-667
2086-1673-691
2087-1717-715
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