Proposed Provision: Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in 2016. 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 |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 288 |
| 2018 | 264 | 281 |
| 2019 | 248 | 273 |
| 2020 | 233 | 265 |
| 2021 | 219 | 258 |
| 2022 | 204 | 250 |
| 2023 | 189 | 242 |
| 2024 | 173 | 233 |
| 2025 | 157 | 224 |
| 2026 | 142 | 215 |
| 2027 | 126 | 206 |
| 2028 | 110 | 197 |
| 2029 | 94 | 188 |
| 2030 | 77 | 179 |
| 2031 | 60 | 169 |
| 2032 | 42 | 159 |
| 2033 | 23 | 148 |
| 2034 | 4 | 137 |
| 2035 | -16 | 125 |
| 2036 | -36 | 113 |
| 2037 | -57 | 101 |
| 2038 | -78 | 89 |
| 2039 | -100 | 76 |
| 2040 | -122 | 63 |
| 2041 | -144 | 51 |
| 2042 | -166 | 38 |
| 2043 | -189 | 25 |
| 2044 | -211 | 12 |
| 2045 | -234 | 0 |
| 2046 | -257 | -13 |
| 2047 | -280 | -26 |
| 2048 | -303 | -39 |
| 2049 | -327 | -52 |
| 2050 | -351 | -65 |
| 2051 | -375 | -79 |
| 2052 | -398 | -92 |
| 2053 | -423 | -106 |
| 2054 | -447 | -119 |
| 2055 | -472 | -134 |
| 2056 | -496 | -148 |
| 2057 | -522 | -163 |
| 2058 | -548 | -178 |
| 2059 | -574 | -194 |
| 2060 | -601 | -210 |
| 2061 | -629 | -226 |
| 2062 | -657 | -243 |
| 2063 | -685 | -260 |
| 2064 | -714 | -278 |
| 2065 | -744 | -296 |
| 2066 | -774 | -314 |
| 2067 | -804 | -333 |
| 2068 | -835 | -353 |
| 2069 | -867 | -372 |
| 2070 | -899 | -393 |
| 2071 | -932 | -413 |
| 2072 | -965 | -435 |
| 2073 | -1000 | -456 |
| 2074 | -1035 | -479 |
| 2075 | -1072 | -502 |
| 2076 | -1110 | -526 |
| 2077 | -1148 | -550 |
| 2078 | -1188 | -575 |
| 2079 | -1228 | -600 |
| 2080 | -1268 | -625 |
| 2081 | -1309 | -651 |
| 2082 | -1350 | -677 |
| 2083 | -1391 | -702 |
| 2084 | -1432 | -728 |
| 2085 | -1472 | -754 |
| 2086 | -1514 | -781 |
| 2087 | -1555 | -807 |
| 2088 | -1597 | -834 |
| 2089 | -1640 | -862 |
| 2090 | -1683 | -890 |
back