Proposed Provision: E2.6. Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2021. 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
2020261261
2021248248
2022233237
2023217225
2024200212
2025183198
2026165184
2027148169
2028130155
2029112140
203094125
203176110
20325895
20333980
20342065
2035149
2036-1933
2037-3817
2038-591
2039-80-16
2040-101-33
2041-122-50
2042-144-68
2043-166-85
2044-188-103
2045-210-121
2046-232-139
2047-255-157
2048-277-175
2049-299-193
2050-322-211
2051-344-229
2052-367-247
2053-389-265
2054-412-284
2055-434-302
2056-457-321
2057-480-340
2058-504-359
2059-527-378
2060-551-397
2061-575-417
2062-599-437
2063-624-458
2064-650-479
2065-676-501
2066-702-522
2067-728-544
2068-755-567
2069-782-590
2070-809-613
2071-837-636
2072-866-661
2073-895-685
2074-925-710
2075-955-736
2076-986-762
2077-1018-789
2078-1051-817
2079-1084-845
2080-1119-874
2081-1154-904
2082-1190-934
2083-1226-964
2084-1263-995
2085-1300-1026
2086-1337-1058
2087-1374-1089
2088-1411-1120
2089-1448-1150
2090-1484-1181
2091-1520-1210
2092-1554-1240
2093-1589-1268
2094-1623-1297
2095-1657-1325
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