Proposed Provision: Beginning in 2022, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2022. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 277 |
| 2018 | 262 | 262 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 203 | 203 |
| 2023 | 187 | 189 |
| 2024 | 171 | 173 |
| 2025 | 154 | 157 |
| 2026 | 137 | 141 |
| 2027 | 119 | 125 |
| 2028 | 101 | 108 |
| 2029 | 83 | 90 |
| 2030 | 64 | 72 |
| 2031 | 44 | 53 |
| 2032 | 23 | 34 |
| 2033 | 2 | 13 |
| 2034 | -20 | -7 |
| 2035 | -42 | -28 |
| 2036 | -65 | -50 |
| 2037 | -88 | -72 |
| 2038 | -112 | -94 |
| 2039 | -136 | -117 |
| 2040 | -160 | -140 |
| 2041 | -185 | -164 |
| 2042 | -210 | -187 |
| 2043 | -235 | -211 |
| 2044 | -260 | -234 |
| 2045 | -285 | -258 |
| 2046 | -310 | -282 |
| 2047 | -336 | -306 |
| 2048 | -362 | -331 |
| 2049 | -388 | -356 |
| 2050 | -415 | -381 |
| 2051 | -442 | -406 |
| 2052 | -468 | -432 |
| 2053 | -495 | -457 |
| 2054 | -523 | -483 |
| 2055 | -550 | -509 |
| 2056 | -578 | -535 |
| 2057 | -606 | -562 |
| 2058 | -635 | -589 |
| 2059 | -664 | -617 |
| 2060 | -694 | -646 |
| 2061 | -725 | -674 |
| 2062 | -756 | -704 |
| 2063 | -787 | -734 |
| 2064 | -819 | -764 |
| 2065 | -852 | -795 |
| 2066 | -885 | -826 |
| 2067 | -918 | -858 |
| 2068 | -952 | -890 |
| 2069 | -987 | -923 |
| 2070 | -1022 | -957 |
| 2071 | -1057 | -991 |
| 2072 | -1094 | -1026 |
| 2073 | -1132 | -1062 |
| 2074 | -1171 | -1099 |
| 2075 | -1210 | -1136 |
| 2076 | -1251 | -1175 |
| 2077 | -1293 | -1215 |
| 2078 | -1335 | -1255 |
| 2079 | -1378 | -1296 |
| 2080 | -1421 | -1336 |
| 2081 | -1464 | -1377 |
| 2082 | -1507 | -1418 |
| 2083 | -1550 | -1459 |
| 2084 | -1593 | -1501 |
| 2085 | -1636 | -1542 |
| 2086 | -1680 | -1583 |
| 2087 | -1724 | -1625 |
| 2088 | -1769 | -1668 |
| 2089 | -1814 | -1711 |
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