Proposed Provision: E3.13. Beginning in 2032, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $732,000 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 | 38 |
| 2034 | 22 | 24 |
| 2035 | 7 | 10 |
| 2036 | -9 | -5 |
| 2037 | -26 | -20 |
| 2038 | -43 | -36 |
| 2039 | -60 | -53 |
| 2040 | -78 | -70 |
| 2041 | -96 | -87 |
| 2042 | -115 | -105 |
| 2043 | -135 | -123 |
| 2044 | -154 | -141 |
| 2045 | -174 | -160 |
| 2046 | -194 | -179 |
| 2047 | -215 | -198 |
| 2048 | -235 | -218 |
| 2049 | -256 | -238 |
| 2050 | -277 | -258 |
| 2051 | -299 | -278 |
| 2052 | -320 | -298 |
| 2053 | -342 | -319 |
| 2054 | -364 | -340 |
| 2055 | -386 | -361 |
| 2056 | -409 | -382 |
| 2057 | -431 | -404 |
| 2058 | -455 | -426 |
| 2059 | -478 | -448 |
| 2060 | -502 | -471 |
| 2061 | -527 | -495 |
| 2062 | -553 | -519 |
| 2063 | -579 | -544 |
| 2064 | -605 | -570 |
| 2065 | -632 | -596 |
| 2066 | -660 | -622 |
| 2067 | -688 | -649 |
| 2068 | -716 | -676 |
| 2069 | -745 | -703 |
| 2070 | -774 | -731 |
| 2071 | -803 | -760 |
| 2072 | -834 | -788 |
| 2073 | -864 | -818 |
| 2074 | -895 | -848 |
| 2075 | -927 | -878 |
| 2076 | -960 | -910 |
| 2077 | -993 | -942 |
| 2078 | -1027 | -975 |
| 2079 | -1062 | -1008 |
| 2080 | -1098 | -1043 |
| 2081 | -1134 | -1078 |
| 2082 | -1172 | -1113 |
| 2083 | -1209 | -1150 |
| 2084 | -1248 | -1187 |
| 2085 | -1287 | -1224 |
| 2086 | -1327 | -1263 |
| 2087 | -1368 | -1302 |
| 2088 | -1409 | -1341 |
| 2089 | -1450 | -1381 |
| 2090 | -1491 | -1420 |
| 2091 | -1532 | -1459 |
| 2092 | -1573 | -1498 |
| 2093 | -1612 | -1536 |
| 2094 | -1651 | -1573 |
| 2095 | -1689 | -1610 |
| 2096 | -1727 | -1646 |
| 2097 | -1764 | -1681 |
| 2098 | -1801 | -1717 |
| 2099 | -1838 | -1752 |
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