Proposed Provision: E2.13. Apply OASDI payroll tax rate on earnings above $400,000 starting in 2018, and tax all earnings once the current-law taxable maximum exceeds $400,000. Provide benefit credit for earnings above the current-law taxable maximum that are subject to the payroll tax, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings from each year after 2017 that were in excess of that year's current-law taxable maximum; and (2) a formula factor of 2 percent on this newly computed "AIME+".
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 268 |
| 2020 | 246 | 260 |
| 2021 | 231 | 253 |
| 2022 | 216 | 244 |
| 2023 | 200 | 234 |
| 2024 | 183 | 224 |
| 2025 | 165 | 213 |
| 2026 | 149 | 203 |
| 2027 | 132 | 194 |
| 2028 | 115 | 184 |
| 2029 | 98 | 175 |
| 2030 | 81 | 166 |
| 2031 | 64 | 157 |
| 2032 | 46 | 148 |
| 2033 | 27 | 139 |
| 2034 | 8 | 130 |
| 2035 | -11 | 121 |
| 2036 | -30 | 112 |
| 2037 | -50 | 103 |
| 2038 | -71 | 94 |
| 2039 | -91 | 86 |
| 2040 | -112 | 77 |
| 2041 | -133 | 69 |
| 2042 | -154 | 62 |
| 2043 | -176 | 55 |
| 2044 | -197 | 48 |
| 2045 | -218 | 42 |
| 2046 | -240 | 36 |
| 2047 | -262 | 31 |
| 2048 | -283 | 27 |
| 2049 | -305 | 22 |
| 2050 | -327 | 17 |
| 2051 | -349 | 13 |
| 2052 | -371 | 8 |
| 2053 | -393 | 3 |
| 2054 | -415 | -2 |
| 2055 | -437 | -7 |
| 2056 | -460 | -12 |
| 2057 | -482 | -18 |
| 2058 | -506 | -24 |
| 2059 | -529 | -30 |
| 2060 | -553 | -36 |
| 2061 | -578 | -43 |
| 2062 | -603 | -50 |
| 2063 | -628 | -58 |
| 2064 | -654 | -65 |
| 2065 | -680 | -73 |
| 2066 | -706 | -82 |
| 2067 | -733 | -90 |
| 2068 | -760 | -99 |
| 2069 | -788 | -108 |
| 2070 | -816 | -118 |
| 2071 | -845 | -128 |
| 2072 | -874 | -138 |
| 2073 | -905 | -149 |
| 2074 | -935 | -160 |
| 2075 | -967 | -171 |
| 2076 | -1000 | -183 |
| 2077 | -1033 | -194 |
| 2078 | -1068 | -206 |
| 2079 | -1102 | -219 |
| 2080 | -1138 | -231 |
| 2081 | -1173 | -243 |
| 2082 | -1208 | -256 |
| 2083 | -1243 | -268 |
| 2084 | -1279 | -280 |
| 2085 | -1314 | -293 |
| 2086 | -1349 | -306 |
| 2087 | -1384 | -319 |
| 2088 | -1419 | -332 |
| 2089 | -1455 | -345 |
| 2090 | -1491 | -359 |
| 2091 | -1528 | -373 |
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