Proposed Provision: E3.9. Beginning in 2032, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $366,000 in 2032), with the threshold wage-indexed after 2032. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 134 |
| 2028 | 117 | 117 |
| 2029 | 101 | 101 |
| 2030 | 84 | 84 |
| 2031 | 68 | 68 |
| 2032 | 53 | 53 |
| 2033 | 37 | 39 |
| 2034 | 22 | 26 |
| 2035 | 7 | 12 |
| 2036 | -9 | -2 |
| 2037 | -26 | -17 |
| 2038 | -43 | -32 |
| 2039 | -60 | -48 |
| 2040 | -78 | -64 |
| 2041 | -96 | -80 |
| 2042 | -115 | -97 |
| 2043 | -135 | -115 |
| 2044 | -154 | -133 |
| 2045 | -174 | -151 |
| 2046 | -194 | -169 |
| 2047 | -215 | -187 |
| 2048 | -235 | -206 |
| 2049 | -256 | -225 |
| 2050 | -277 | -244 |
| 2051 | -299 | -264 |
| 2052 | -320 | -283 |
| 2053 | -342 | -303 |
| 2054 | -364 | -323 |
| 2055 | -386 | -344 |
| 2056 | -409 | -364 |
| 2057 | -431 | -385 |
| 2058 | -455 | -406 |
| 2059 | -478 | -428 |
| 2060 | -502 | -451 |
| 2061 | -527 | -473 |
| 2062 | -553 | -497 |
| 2063 | -579 | -521 |
| 2064 | -605 | -546 |
| 2065 | -632 | -571 |
| 2066 | -660 | -596 |
| 2067 | -688 | -622 |
| 2068 | -716 | -649 |
| 2069 | -745 | -675 |
| 2070 | -774 | -702 |
| 2071 | -803 | -730 |
| 2072 | -834 | -758 |
| 2073 | -864 | -787 |
| 2074 | -895 | -816 |
| 2075 | -927 | -845 |
| 2076 | -960 | -876 |
| 2077 | -993 | -907 |
| 2078 | -1027 | -939 |
| 2079 | -1062 | -972 |
| 2080 | -1098 | -1005 |
| 2081 | -1134 | -1039 |
| 2082 | -1172 | -1074 |
| 2083 | -1209 | -1109 |
| 2084 | -1248 | -1145 |
| 2085 | -1287 | -1182 |
| 2086 | -1327 | -1219 |
| 2087 | -1368 | -1257 |
| 2088 | -1409 | -1295 |
| 2089 | -1450 | -1334 |
| 2090 | -1491 | -1372 |
| 2091 | -1532 | -1410 |
| 2092 | -1573 | -1447 |
| 2093 | -1612 | -1484 |
| 2094 | -1651 | -1520 |
| 2095 | -1689 | -1556 |
| 2096 | -1727 | -1591 |
| 2097 | -1764 | -1625 |
| 2098 | -1801 | -1660 |
| 2099 | -1838 | -1694 |
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