Proposed Provision: E2.8. Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2020-2067, and a 3 percent rate for years 2068 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 |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 247 |
| 2022 | 230 | 235 |
| 2023 | 215 | 223 |
| 2024 | 199 | 209 |
| 2025 | 182 | 195 |
| 2026 | 165 | 180 |
| 2027 | 148 | 165 |
| 2028 | 130 | 149 |
| 2029 | 112 | 134 |
| 2030 | 94 | 118 |
| 2031 | 75 | 102 |
| 2032 | 56 | 85 |
| 2033 | 37 | 68 |
| 2034 | 16 | 50 |
| 2035 | -4 | 32 |
| 2036 | -26 | 13 |
| 2037 | -47 | -6 |
| 2038 | -70 | -26 |
| 2039 | -92 | -45 |
| 2040 | -115 | -65 |
| 2041 | -138 | -85 |
| 2042 | -161 | -105 |
| 2043 | -184 | -125 |
| 2044 | -207 | -145 |
| 2045 | -230 | -165 |
| 2046 | -253 | -185 |
| 2047 | -276 | -205 |
| 2048 | -300 | -225 |
| 2049 | -323 | -245 |
| 2050 | -346 | -265 |
| 2051 | -370 | -285 |
| 2052 | -393 | -305 |
| 2053 | -417 | -325 |
| 2054 | -440 | -346 |
| 2055 | -464 | -366 |
| 2056 | -487 | -386 |
| 2057 | -511 | -407 |
| 2058 | -536 | -428 |
| 2059 | -560 | -450 |
| 2060 | -585 | -471 |
| 2061 | -611 | -494 |
| 2062 | -637 | -516 |
| 2063 | -663 | -539 |
| 2064 | -690 | -563 |
| 2065 | -717 | -586 |
| 2066 | -745 | -610 |
| 2067 | -772 | -635 |
| 2068 | -801 | -660 |
| 2069 | -829 | -684 |
| 2070 | -858 | -708 |
| 2071 | -888 | -733 |
| 2072 | -918 | -759 |
| 2073 | -949 | -785 |
| 2074 | -981 | -812 |
| 2075 | -1014 | -839 |
| 2076 | -1047 | -867 |
| 2077 | -1082 | -897 |
| 2078 | -1117 | -927 |
| 2079 | -1153 | -957 |
| 2080 | -1190 | -988 |
| 2081 | -1227 | -1019 |
| 2082 | -1264 | -1050 |
| 2083 | -1300 | -1081 |
| 2084 | -1337 | -1112 |
| 2085 | -1374 | -1143 |
| 2086 | -1410 | -1174 |
| 2087 | -1446 | -1205 |
| 2088 | -1483 | -1236 |
| 2089 | -1520 | -1267 |
| 2090 | -1557 | -1298 |
| 2091 | -1595 | -1330 |
| 2092 | -1633 | -1363 |
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