Proposed Provision: Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2017-2064, and a 3 percent rate for years 2065 and later. 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 |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 277 |
| 2018 | 262 | 265 |
| 2019 | 248 | 253 |
| 2020 | 233 | 241 |
| 2021 | 219 | 229 |
| 2022 | 203 | 217 |
| 2023 | 187 | 203 |
| 2024 | 171 | 189 |
| 2025 | 154 | 174 |
| 2026 | 137 | 159 |
| 2027 | 119 | 144 |
| 2028 | 101 | 128 |
| 2029 | 83 | 112 |
| 2030 | 64 | 96 |
| 2031 | 44 | 78 |
| 2032 | 23 | 60 |
| 2033 | 2 | 42 |
| 2034 | -20 | 22 |
| 2035 | -42 | 3 |
| 2036 | -65 | -17 |
| 2037 | -88 | -37 |
| 2038 | -112 | -58 |
| 2039 | -136 | -79 |
| 2040 | -160 | -100 |
| 2041 | -185 | -122 |
| 2042 | -210 | -143 |
| 2043 | -235 | -165 |
| 2044 | -260 | -187 |
| 2045 | -285 | -209 |
| 2046 | -310 | -231 |
| 2047 | -336 | -253 |
| 2048 | -362 | -275 |
| 2049 | -388 | -298 |
| 2050 | -415 | -321 |
| 2051 | -442 | -344 |
| 2052 | -468 | -368 |
| 2053 | -495 | -391 |
| 2054 | -523 | -415 |
| 2055 | -550 | -438 |
| 2056 | -578 | -463 |
| 2057 | -606 | -487 |
| 2058 | -635 | -513 |
| 2059 | -664 | -538 |
| 2060 | -694 | -564 |
| 2061 | -725 | -591 |
| 2062 | -756 | -618 |
| 2063 | -787 | -646 |
| 2064 | -819 | -674 |
| 2065 | -852 | -702 |
| 2066 | -885 | -730 |
| 2067 | -918 | -759 |
| 2068 | -952 | -788 |
| 2069 | -987 | -817 |
| 2070 | -1022 | -847 |
| 2071 | -1057 | -877 |
| 2072 | -1094 | -908 |
| 2073 | -1132 | -941 |
| 2074 | -1171 | -974 |
| 2075 | -1210 | -1007 |
| 2076 | -1251 | -1042 |
| 2077 | -1293 | -1078 |
| 2078 | -1335 | -1114 |
| 2079 | -1378 | -1150 |
| 2080 | -1421 | -1187 |
| 2081 | -1464 | -1223 |
| 2082 | -1507 | -1260 |
| 2083 | -1550 | -1297 |
| 2084 | -1593 | -1334 |
| 2085 | -1636 | -1371 |
| 2086 | -1680 | -1408 |
| 2087 | -1724 | -1446 |
| 2088 | -1769 | -1484 |
| 2089 | -1814 | -1523 |
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