Proposed Provision: Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2013. Do not provide benefit credit for earnings above the current-law taxable maximum.

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

Year Present Law Provision
2012340340
2013329329
2014315319
2015302310
2016290302
2017277293
2018265285
2019253277
2020240268
2021227258
2022212247
2023197235
2024181222
2025164209
2026147195
2027129181
2028110165
202990149
203070133
203149115
20322797
2033579
2034-1860
2035-4141
2036-6522
2037-892
2038-114-18
2039-138-38
2040-163-58
2041-189-78
2042-215-99
2043-240-119
2044-266-140
2045-292-161
2046-319-182
2047-346-204
2048-373-225
2049-400-247
2050-428-269
2051-456-291
2052-484-313
2053-512-335
2054-540-358
2055-569-381
2056-598-404
2057-628-427
2058-657-451
2059-688-475
2060-719-500
2061-750-525
2062-782-550
2063-814-576
2064-847-602
2065-880-628
2066-913-654
2067-946-681
2068-980-708
2069-1014-735
2070-1049-763
2071-1084-791
2072-1120-820
2073-1156-849
2074-1193-878
2075-1230-909
2076-1268-939
2077-1307-970
2078-1346-1002
2079-1385-1033
2080-1425-1065
2081-1465-1098
2082-1505-1131
2083-1547-1164
2084-1588-1198
2085-1631-1232
2086-1673-1267
2087-1717-1303
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