Proposed Provision: E3.9. Beginning in 2029, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $305,400 in 2029), with the threshold wage-indexed after 2029. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 159 |
| 2027 | 141 | 141 |
| 2028 | 122 | 122 |
| 2029 | 104 | 104 |
| 2030 | 85 | 86 |
| 2031 | 66 | 69 |
| 2032 | 46 | 51 |
| 2033 | 27 | 33 |
| 2034 | 7 | 15 |
| 2035 | -13 | -3 |
| 2036 | -33 | -22 |
| 2037 | -54 | -41 |
| 2038 | -76 | -61 |
| 2039 | -97 | -81 |
| 2040 | -119 | -101 |
| 2041 | -142 | -122 |
| 2042 | -165 | -143 |
| 2043 | -188 | -164 |
| 2044 | -211 | -185 |
| 2045 | -235 | -207 |
| 2046 | -258 | -229 |
| 2047 | -282 | -251 |
| 2048 | -306 | -272 |
| 2049 | -330 | -295 |
| 2050 | -354 | -317 |
| 2051 | -378 | -339 |
| 2052 | -403 | -362 |
| 2053 | -427 | -384 |
| 2054 | -452 | -407 |
| 2055 | -477 | -430 |
| 2056 | -502 | -453 |
| 2057 | -527 | -476 |
| 2058 | -552 | -499 |
| 2059 | -578 | -523 |
| 2060 | -604 | -547 |
| 2061 | -630 | -571 |
| 2062 | -657 | -596 |
| 2063 | -684 | -621 |
| 2064 | -712 | -647 |
| 2065 | -740 | -673 |
| 2066 | -768 | -699 |
| 2067 | -796 | -725 |
| 2068 | -825 | -752 |
| 2069 | -855 | -779 |
| 2070 | -884 | -807 |
| 2071 | -914 | -835 |
| 2072 | -945 | -863 |
| 2073 | -976 | -892 |
| 2074 | -1007 | -921 |
| 2075 | -1039 | -950 |
| 2076 | -1071 | -981 |
| 2077 | -1105 | -1012 |
| 2078 | -1139 | -1044 |
| 2079 | -1175 | -1077 |
| 2080 | -1211 | -1111 |
| 2081 | -1248 | -1146 |
| 2082 | -1286 | -1180 |
| 2083 | -1324 | -1216 |
| 2084 | -1363 | -1252 |
| 2085 | -1403 | -1289 |
| 2086 | -1443 | -1326 |
| 2087 | -1483 | -1364 |
| 2088 | -1524 | -1401 |
| 2089 | -1564 | -1439 |
| 2090 | -1604 | -1476 |
| 2091 | -1643 | -1512 |
| 2092 | -1681 | -1547 |
| 2093 | -1718 | -1581 |
| 2094 | -1754 | -1614 |
| 2095 | -1789 | -1647 |
| 2096 | -1825 | -1680 |
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