Proposed Provision: F2. Starting in 2022, exempt individuals with more than 180 quarters of coverage from the OASDI payroll tax. Earnings exempted from OASDI payroll tax would not be used in computing benefits.

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

Year Current Law Provision
2021253253
2022231231
2023214211
2024196190
2025178169
2026159148
2027141127
2028122105
202910484
20308562
20316641
20324619
203327-4
20347-26
2035-13-49
2036-33-73
2037-54-98
2038-76-122
2039-97-148
2040-119-174
2041-142-200
2042-165-226
2043-188-253
2044-211-281
2045-235-308
2046-258-336
2047-282-364
2048-306-392
2049-330-420
2050-354-449
2051-378-477
2052-403-506
2053-427-535
2054-452-564
2055-477-593
2056-502-623
2057-527-652
2058-552-682
2059-578-712
2060-604-742
2061-630-773
2062-657-804
2063-684-836
2064-712-869
2065-740-901
2066-768-934
2067-796-968
2068-825-1002
2069-855-1036
2070-884-1071
2071-914-1106
2072-945-1141
2073-976-1177
2074-1007-1214
2075-1039-1251
2076-1071-1289
2077-1105-1328
2078-1139-1368
2079-1175-1410
2080-1211-1452
2081-1248-1496
2082-1286-1540
2083-1324-1585
2084-1363-1631
2085-1403-1678
2086-1443-1725
2087-1483-1773
2088-1524-1821
2089-1564-1869
2090-1604-1917
2091-1643-1963
2092-1681-2008
2093-1718-2052
2094-1754-2095
2095-1789-2138
2096-1825-2180
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