Proposed Provision: Apply a 6 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 | 323 |
| 2015 | 302 | 318 |
| 2016 | 290 | 313 |
| 2017 | 277 | 309 |
| 2018 | 265 | 305 |
| 2019 | 253 | 300 |
| 2020 | 240 | 294 |
| 2021 | 227 | 288 |
| 2022 | 212 | 280 |
| 2023 | 197 | 271 |
| 2024 | 181 | 262 |
| 2025 | 164 | 252 |
| 2026 | 147 | 241 |
| 2027 | 129 | 230 |
| 2028 | 110 | 218 |
| 2029 | 90 | 206 |
| 2030 | 70 | 193 |
| 2031 | 49 | 179 |
| 2032 | 27 | 165 |
| 2033 | 5 | 150 |
| 2034 | -18 | 135 |
| 2035 | -41 | 121 |
| 2036 | -65 | 105 |
| 2037 | -89 | 90 |
| 2038 | -114 | 75 |
| 2039 | -138 | 59 |
| 2040 | -163 | 44 |
| 2041 | -189 | 28 |
| 2042 | -215 | 12 |
| 2043 | -240 | -3 |
| 2044 | -266 | -19 |
| 2045 | -292 | -35 |
| 2046 | -319 | -51 |
| 2047 | -346 | -67 |
| 2048 | -373 | -83 |
| 2049 | -400 | -99 |
| 2050 | -428 | -116 |
| 2051 | -456 | -132 |
| 2052 | -484 | -149 |
| 2053 | -512 | -165 |
| 2054 | -540 | -182 |
| 2055 | -569 | -199 |
| 2056 | -598 | -217 |
| 2057 | -628 | -234 |
| 2058 | -657 | -252 |
| 2059 | -688 | -271 |
| 2060 | -719 | -289 |
| 2061 | -750 | -308 |
| 2062 | -782 | -327 |
| 2063 | -814 | -346 |
| 2064 | -847 | -366 |
| 2065 | -880 | -386 |
| 2066 | -913 | -406 |
| 2067 | -946 | -426 |
| 2068 | -980 | -446 |
| 2069 | -1014 | -467 |
| 2070 | -1049 | -488 |
| 2071 | -1084 | -510 |
| 2072 | -1120 | -532 |
| 2073 | -1156 | -554 |
| 2074 | -1193 | -576 |
| 2075 | -1230 | -599 |
| 2076 | -1268 | -623 |
| 2077 | -1307 | -647 |
| 2078 | -1346 | -671 |
| 2079 | -1385 | -695 |
| 2080 | -1425 | -720 |
| 2081 | -1465 | -745 |
| 2082 | -1505 | -771 |
| 2083 | -1547 | -797 |
| 2084 | -1588 | -823 |
| 2085 | -1631 | -850 |
| 2086 | -1673 | -877 |
| 2087 | -1717 | -905 |
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