Proposed Provision: Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2015. 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
2014320320
2015306306
2016292296
2017277285
2018262275
2019248264
2020233253
2021219242
2022203230
2023187218
2024171205
2025154191
2026137177
2027119163
2028101149
202983134
203064118
203144102
20322385
2033268
2034-2050
2035-4232
2036-6514
2037-88-5
2038-112-24
2039-136-44
2040-160-63
2041-185-83
2042-210-103
2043-235-123
2044-260-143
2045-285-163
2046-310-183
2047-336-204
2048-362-224
2049-388-245
2050-415-266
2051-442-287
2052-468-309
2053-495-330
2054-523-352
2055-550-374
2056-578-397
2057-606-419
2058-635-443
2059-664-466
2060-694-490
2061-725-515
2062-756-540
2063-787-566
2064-819-592
2065-852-618
2066-885-645
2067-918-673
2068-952-701
2069-987-729
2070-1022-758
2071-1057-787
2072-1094-818
2073-1132-849
2074-1171-881
2075-1210-913
2076-1251-947
2077-1293-981
2078-1335-1015
2079-1378-1051
2080-1421-1086
2081-1464-1121
2082-1507-1157
2083-1550-1192
2084-1593-1228
2085-1636-1264
2086-1680-1300
2087-1724-1336
2088-1769-1373
2089-1814-1411
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