Proposed Provision: E3.9. Beginning in 2028, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $292,200 in 2028), with the threshold wage-indexed after 2028. Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112114
20309497
20317681
20325864
20333947
20342030
2035113
2036-19-5
2037-38-24
2038-59-42
2039-80-61
2040-101-80
2041-122-100
2042-144-120
2043-166-140
2044-188-160
2045-210-181
2046-232-201
2047-255-221
2048-277-242
2049-299-262
2050-322-283
2051-344-303
2052-367-324
2053-389-344
2054-412-365
2055-434-386
2056-457-407
2057-480-428
2058-504-450
2059-527-471
2060-551-493
2061-575-515
2062-599-538
2063-624-561
2064-650-584
2065-676-608
2066-702-632
2067-728-657
2068-755-682
2069-782-707
2070-809-733
2071-837-759
2072-866-785
2073-895-812
2074-925-840
2075-955-868
2076-986-897
2077-1018-927
2078-1051-957
2079-1084-989
2080-1119-1021
2081-1154-1054
2082-1190-1087
2083-1226-1121
2084-1263-1155
2085-1300-1189
2086-1337-1224
2087-1374-1258
2088-1411-1293
2089-1448-1327
2090-1484-1360
2091-1520-1393
2092-1554-1426
2093-1589-1458
2094-1623-1489
2095-1657-1521
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