Proposed Provision: E3.9. Beginning in 2025, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $274,500 in 2025), with the threshold wage-indexed after 2025. Do not provide benefit credit for additional earnings taxed.
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 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 167 |
| 2027 | 148 | 151 |
| 2028 | 130 | 135 |
| 2029 | 112 | 119 |
| 2030 | 94 | 102 |
| 2031 | 75 | 86 |
| 2032 | 56 | 68 |
| 2033 | 37 | 50 |
| 2034 | 16 | 32 |
| 2035 | -4 | 13 |
| 2036 | -26 | -7 |
| 2037 | -47 | -27 |
| 2038 | -70 | -47 |
| 2039 | -92 | -68 |
| 2040 | -115 | -89 |
| 2041 | -138 | -110 |
| 2042 | -161 | -131 |
| 2043 | -184 | -152 |
| 2044 | -207 | -173 |
| 2045 | -230 | -194 |
| 2046 | -253 | -215 |
| 2047 | -276 | -236 |
| 2048 | -300 | -257 |
| 2049 | -323 | -278 |
| 2050 | -346 | -299 |
| 2051 | -370 | -320 |
| 2052 | -393 | -341 |
| 2053 | -417 | -363 |
| 2054 | -440 | -384 |
| 2055 | -464 | -405 |
| 2056 | -487 | -427 |
| 2057 | -511 | -449 |
| 2058 | -536 | -471 |
| 2059 | -560 | -493 |
| 2060 | -585 | -516 |
| 2061 | -611 | -539 |
| 2062 | -637 | -563 |
| 2063 | -663 | -587 |
| 2064 | -690 | -611 |
| 2065 | -717 | -636 |
| 2066 | -745 | -661 |
| 2067 | -772 | -687 |
| 2068 | -801 | -713 |
| 2069 | -829 | -739 |
| 2070 | -858 | -766 |
| 2071 | -888 | -793 |
| 2072 | -918 | -821 |
| 2073 | -949 | -850 |
| 2074 | -981 | -879 |
| 2075 | -1014 | -909 |
| 2076 | -1047 | -940 |
| 2077 | -1082 | -971 |
| 2078 | -1117 | -1004 |
| 2079 | -1153 | -1037 |
| 2080 | -1190 | -1071 |
| 2081 | -1227 | -1104 |
| 2082 | -1264 | -1138 |
| 2083 | -1300 | -1172 |
| 2084 | -1337 | -1206 |
| 2085 | -1374 | -1239 |
| 2086 | -1410 | -1273 |
| 2087 | -1446 | -1306 |
| 2088 | -1483 | -1340 |
| 2089 | -1520 | -1374 |
| 2090 | -1557 | -1408 |
| 2091 | -1595 | -1443 |
| 2092 | -1633 | -1478 |
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