Proposed Provision: E2.6. Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2022. 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 |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 218 |
| 2024 | 196 | 204 |
| 2025 | 178 | 190 |
| 2026 | 159 | 175 |
| 2027 | 141 | 160 |
| 2028 | 122 | 145 |
| 2029 | 104 | 129 |
| 2030 | 85 | 113 |
| 2031 | 66 | 97 |
| 2032 | 46 | 81 |
| 2033 | 27 | 65 |
| 2034 | 7 | 48 |
| 2035 | -13 | 32 |
| 2036 | -33 | 16 |
| 2037 | -54 | -1 |
| 2038 | -76 | -19 |
| 2039 | -97 | -36 |
| 2040 | -119 | -54 |
| 2041 | -142 | -72 |
| 2042 | -165 | -91 |
| 2043 | -188 | -110 |
| 2044 | -211 | -129 |
| 2045 | -235 | -148 |
| 2046 | -258 | -167 |
| 2047 | -282 | -186 |
| 2048 | -306 | -205 |
| 2049 | -330 | -225 |
| 2050 | -354 | -245 |
| 2051 | -378 | -264 |
| 2052 | -403 | -284 |
| 2053 | -427 | -304 |
| 2054 | -452 | -325 |
| 2055 | -477 | -345 |
| 2056 | -502 | -366 |
| 2057 | -527 | -386 |
| 2058 | -552 | -407 |
| 2059 | -578 | -428 |
| 2060 | -604 | -450 |
| 2061 | -630 | -471 |
| 2062 | -657 | -494 |
| 2063 | -684 | -516 |
| 2064 | -712 | -539 |
| 2065 | -740 | -563 |
| 2066 | -768 | -586 |
| 2067 | -796 | -610 |
| 2068 | -825 | -635 |
| 2069 | -855 | -659 |
| 2070 | -884 | -684 |
| 2071 | -914 | -709 |
| 2072 | -945 | -735 |
| 2073 | -976 | -761 |
| 2074 | -1007 | -787 |
| 2075 | -1039 | -814 |
| 2076 | -1071 | -842 |
| 2077 | -1105 | -871 |
| 2078 | -1139 | -900 |
| 2079 | -1175 | -930 |
| 2080 | -1211 | -960 |
| 2081 | -1248 | -992 |
| 2082 | -1286 | -1023 |
| 2083 | -1324 | -1055 |
| 2084 | -1363 | -1088 |
| 2085 | -1403 | -1121 |
| 2086 | -1443 | -1155 |
| 2087 | -1483 | -1188 |
| 2088 | -1524 | -1222 |
| 2089 | -1564 | -1256 |
| 2090 | -1604 | -1289 |
| 2091 | -1643 | -1321 |
| 2092 | -1681 | -1353 |
| 2093 | -1718 | -1383 |
| 2094 | -1754 | -1413 |
| 2095 | -1789 | -1443 |
| 2096 | -1825 | -1472 |
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