Proposed Provision: E3.13. Beginning in 2030, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $663,300 in 2030), with the threshold wage-indexed after 2030. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 177 |
| 2026 | 160 | 160 |
| 2027 | 143 | 143 |
| 2028 | 126 | 126 |
| 2029 | 109 | 109 |
| 2030 | 91 | 91 |
| 2031 | 74 | 75 |
| 2032 | 57 | 59 |
| 2033 | 39 | 42 |
| 2034 | 21 | 26 |
| 2035 | 3 | 8 |
| 2036 | -16 | -9 |
| 2037 | -35 | -27 |
| 2038 | -54 | -46 |
| 2039 | -74 | -65 |
| 2040 | -95 | -84 |
| 2041 | -116 | -104 |
| 2042 | -137 | -124 |
| 2043 | -158 | -144 |
| 2044 | -180 | -165 |
| 2045 | -202 | -185 |
| 2046 | -224 | -206 |
| 2047 | -246 | -227 |
| 2048 | -268 | -248 |
| 2049 | -291 | -270 |
| 2050 | -313 | -291 |
| 2051 | -336 | -313 |
| 2052 | -359 | -335 |
| 2053 | -383 | -357 |
| 2054 | -406 | -379 |
| 2055 | -430 | -401 |
| 2056 | -453 | -424 |
| 2057 | -477 | -447 |
| 2058 | -501 | -469 |
| 2059 | -525 | -493 |
| 2060 | -550 | -516 |
| 2061 | -575 | -540 |
| 2062 | -601 | -565 |
| 2063 | -627 | -590 |
| 2064 | -654 | -615 |
| 2065 | -681 | -641 |
| 2066 | -708 | -667 |
| 2067 | -736 | -694 |
| 2068 | -764 | -721 |
| 2069 | -792 | -748 |
| 2070 | -821 | -775 |
| 2071 | -850 | -803 |
| 2072 | -880 | -832 |
| 2073 | -910 | -860 |
| 2074 | -940 | -890 |
| 2075 | -971 | -919 |
| 2076 | -1003 | -950 |
| 2077 | -1036 | -981 |
| 2078 | -1069 | -1013 |
| 2079 | -1104 | -1047 |
| 2080 | -1139 | -1080 |
| 2081 | -1175 | -1115 |
| 2082 | -1212 | -1150 |
| 2083 | -1249 | -1185 |
| 2084 | -1286 | -1221 |
| 2085 | -1324 | -1258 |
| 2086 | -1363 | -1295 |
| 2087 | -1402 | -1333 |
| 2088 | -1442 | -1370 |
| 2089 | -1481 | -1408 |
| 2090 | -1520 | -1445 |
| 2091 | -1558 | -1481 |
| 2092 | -1595 | -1517 |
| 2093 | -1632 | -1552 |
| 2094 | -1668 | -1587 |
| 2095 | -1703 | -1620 |
| 2096 | -1738 | -1654 |
| 2097 | -1773 | -1687 |
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