Proposed Provision: Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2013. 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 |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 319 |
| 2015 | 302 | 310 |
| 2016 | 290 | 302 |
| 2017 | 277 | 293 |
| 2018 | 265 | 285 |
| 2019 | 253 | 277 |
| 2020 | 240 | 268 |
| 2021 | 227 | 258 |
| 2022 | 212 | 247 |
| 2023 | 197 | 235 |
| 2024 | 181 | 222 |
| 2025 | 164 | 209 |
| 2026 | 147 | 195 |
| 2027 | 129 | 181 |
| 2028 | 110 | 165 |
| 2029 | 90 | 149 |
| 2030 | 70 | 133 |
| 2031 | 49 | 115 |
| 2032 | 27 | 97 |
| 2033 | 5 | 79 |
| 2034 | -18 | 60 |
| 2035 | -41 | 41 |
| 2036 | -65 | 22 |
| 2037 | -89 | 2 |
| 2038 | -114 | -18 |
| 2039 | -138 | -38 |
| 2040 | -163 | -58 |
| 2041 | -189 | -78 |
| 2042 | -215 | -99 |
| 2043 | -240 | -119 |
| 2044 | -266 | -140 |
| 2045 | -292 | -161 |
| 2046 | -319 | -182 |
| 2047 | -346 | -204 |
| 2048 | -373 | -225 |
| 2049 | -400 | -247 |
| 2050 | -428 | -269 |
| 2051 | -456 | -291 |
| 2052 | -484 | -313 |
| 2053 | -512 | -335 |
| 2054 | -540 | -358 |
| 2055 | -569 | -381 |
| 2056 | -598 | -404 |
| 2057 | -628 | -427 |
| 2058 | -657 | -451 |
| 2059 | -688 | -475 |
| 2060 | -719 | -500 |
| 2061 | -750 | -525 |
| 2062 | -782 | -550 |
| 2063 | -814 | -576 |
| 2064 | -847 | -602 |
| 2065 | -880 | -628 |
| 2066 | -913 | -654 |
| 2067 | -946 | -681 |
| 2068 | -980 | -708 |
| 2069 | -1014 | -735 |
| 2070 | -1049 | -763 |
| 2071 | -1084 | -791 |
| 2072 | -1120 | -820 |
| 2073 | -1156 | -849 |
| 2074 | -1193 | -878 |
| 2075 | -1230 | -909 |
| 2076 | -1268 | -939 |
| 2077 | -1307 | -970 |
| 2078 | -1346 | -1002 |
| 2079 | -1385 | -1033 |
| 2080 | -1425 | -1065 |
| 2081 | -1465 | -1098 |
| 2082 | -1505 | -1131 |
| 2083 | -1547 | -1164 |
| 2084 | -1588 | -1198 |
| 2085 | -1631 | -1232 |
| 2086 | -1673 | -1267 |
| 2087 | -1717 | -1303 |
back