Proposed Provision: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2015, and tax all earnings once the current-law taxable maximum exceeds $250,000. 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 | 301 |
| 2017 | 277 | 295 |
| 2018 | 262 | 290 |
| 2019 | 248 | 285 |
| 2020 | 233 | 279 |
| 2021 | 219 | 274 |
| 2022 | 203 | 269 |
| 2023 | 187 | 262 |
| 2024 | 171 | 255 |
| 2025 | 154 | 248 |
| 2026 | 137 | 241 |
| 2027 | 119 | 234 |
| 2028 | 101 | 227 |
| 2029 | 83 | 220 |
| 2030 | 64 | 213 |
| 2031 | 44 | 207 |
| 2032 | 23 | 200 |
| 2033 | 2 | 193 |
| 2034 | -20 | 186 |
| 2035 | -42 | 179 |
| 2036 | -65 | 172 |
| 2037 | -88 | 165 |
| 2038 | -112 | 158 |
| 2039 | -136 | 151 |
| 2040 | -160 | 144 |
| 2041 | -185 | 137 |
| 2042 | -210 | 130 |
| 2043 | -235 | 124 |
| 2044 | -260 | 117 |
| 2045 | -285 | 111 |
| 2046 | -310 | 105 |
| 2047 | -336 | 98 |
| 2048 | -362 | 92 |
| 2049 | -388 | 85 |
| 2050 | -415 | 79 |
| 2051 | -442 | 72 |
| 2052 | -468 | 66 |
| 2053 | -495 | 59 |
| 2054 | -523 | 52 |
| 2055 | -550 | 45 |
| 2056 | -578 | 37 |
| 2057 | -606 | 29 |
| 2058 | -635 | 21 |
| 2059 | -664 | 13 |
| 2060 | -694 | 4 |
| 2061 | -725 | -5 |
| 2062 | -756 | -15 |
| 2063 | -787 | -24 |
| 2064 | -819 | -34 |
| 2065 | -852 | -45 |
| 2066 | -885 | -55 |
| 2067 | -918 | -66 |
| 2068 | -952 | -78 |
| 2069 | -987 | -89 |
| 2070 | -1022 | -101 |
| 2071 | -1057 | -113 |
| 2072 | -1094 | -126 |
| 2073 | -1132 | -139 |
| 2074 | -1171 | -153 |
| 2075 | -1210 | -166 |
| 2076 | -1251 | -180 |
| 2077 | -1293 | -194 |
| 2078 | -1335 | -209 |
| 2079 | -1378 | -223 |
| 2080 | -1421 | -238 |
| 2081 | -1464 | -253 |
| 2082 | -1507 | -268 |
| 2083 | -1550 | -283 |
| 2084 | -1593 | -298 |
| 2085 | -1636 | -314 |
| 2086 | -1680 | -330 |
| 2087 | -1724 | -346 |
| 2088 | -1769 | -363 |
| 2089 | -1814 | -380 |
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