Proposed Provision: Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2018-2065, and a 3 percent rate for years 2066 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
2015308308
2016298298
2017280280
2018264264
2019248251
2020233239
2021219227
2022204214
2023189202
2024173188
2025157175
2026142162
2027126149
2028110135
202994121
203077107
20316092
20324277
20332361
2034444
2035-1627
2036-3610
2037-57-8
2038-78-26
2039-100-45
2040-122-64
2041-144-83
2042-166-102
2043-189-121
2044-211-140
2045-234-160
2046-257-179
2047-280-199
2048-303-219
2049-327-239
2050-351-259
2051-375-279
2052-398-300
2053-423-320
2054-447-341
2055-472-362
2056-496-384
2057-522-406
2058-548-428
2059-574-451
2060-601-474
2061-629-498
2062-657-522
2063-685-547
2064-714-572
2065-744-598
2066-774-624
2067-804-649
2068-835-675
2069-867-702
2070-899-729
2071-932-756
2072-965-785
2073-1000-814
2074-1035-844
2075-1072-875
2076-1110-906
2077-1148-939
2078-1188-972
2079-1228-1006
2080-1268-1040
2081-1309-1074
2082-1350-1109
2083-1391-1143
2084-1432-1178
2085-1472-1212
2086-1514-1247
2087-1555-1282
2088-1597-1318
2089-1640-1354
2090-1683-1391
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