Proposed Provision: Beginning in 2015, apply 4 percent payroll tax rate on earnings above $400,000 in 2015, with the threshold wage-indexed after 2015. Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an AIME+ derived from annual earnings taxed only between $400,000 and $500,000 (with thresholds wage-indexed after 2015); and (2) a formula factor of 2 percent on this newly computed AIME+.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 288 |
| 2017 | 271 | 275 |
| 2018 | 257 | 264 |
| 2019 | 244 | 253 |
| 2020 | 231 | 242 |
| 2021 | 218 | 230 |
| 2022 | 204 | 218 |
| 2023 | 189 | 205 |
| 2024 | 173 | 192 |
| 2025 | 158 | 178 |
| 2026 | 142 | 164 |
| 2027 | 125 | 149 |
| 2028 | 108 | 134 |
| 2029 | 90 | 118 |
| 2030 | 71 | 101 |
| 2031 | 52 | 84 |
| 2032 | 31 | 66 |
| 2033 | 11 | 47 |
| 2034 | -11 | 28 |
| 2035 | -32 | 8 |
| 2036 | -55 | -12 |
| 2037 | -78 | -32 |
| 2038 | -101 | -53 |
| 2039 | -124 | -74 |
| 2040 | -148 | -95 |
| 2041 | -172 | -116 |
| 2042 | -196 | -138 |
| 2043 | -220 | -160 |
| 2044 | -245 | -181 |
| 2045 | -269 | -203 |
| 2046 | -294 | -225 |
| 2047 | -319 | -248 |
| 2048 | -345 | -270 |
| 2049 | -371 | -293 |
| 2050 | -397 | -316 |
| 2051 | -423 | -339 |
| 2052 | -449 | -363 |
| 2053 | -476 | -386 |
| 2054 | -502 | -410 |
| 2055 | -530 | -434 |
| 2056 | -557 | -459 |
| 2057 | -585 | -483 |
| 2058 | -613 | -509 |
| 2059 | -642 | -535 |
| 2060 | -671 | -561 |
| 2061 | -701 | -588 |
| 2062 | -732 | -615 |
| 2063 | -763 | -643 |
| 2064 | -794 | -671 |
| 2065 | -826 | -700 |
| 2066 | -859 | -729 |
| 2067 | -892 | -758 |
| 2068 | -925 | -788 |
| 2069 | -959 | -819 |
| 2070 | -993 | -850 |
| 2071 | -1028 | -882 |
| 2072 | -1064 | -914 |
| 2073 | -1101 | -947 |
| 2074 | -1139 | -981 |
| 2075 | -1178 | -1016 |
| 2076 | -1217 | -1052 |
| 2077 | -1258 | -1088 |
| 2078 | -1299 | -1126 |
| 2079 | -1340 | -1163 |
| 2080 | -1382 | -1201 |
| 2081 | -1424 | -1238 |
| 2082 | -1466 | -1276 |
| 2083 | -1508 | -1314 |
| 2084 | -1550 | -1352 |
| 2085 | -1592 | -1390 |
| 2086 | -1635 | -1429 |
| 2087 | -1678 | -1468 |
| 2088 | -1722 | -1507 |
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