Proposed Provision: E3.13. Beginning in 2028, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $584,700 in 2028), with the threshold wage-indexed after 2028. Do not provide benefit credit for additional earnings taxed.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112113
20309496
20317679
20325861
20333944
20342026
203518
2036-19-11
2037-38-30
2038-59-49
2039-80-69
2040-101-89
2041-122-109
2042-144-130
2043-166-150
2044-188-171
2045-210-192
2046-232-214
2047-255-235
2048-277-256
2049-299-277
2050-322-298
2051-344-320
2052-367-341
2053-389-362
2054-412-384
2055-434-406
2056-457-427
2057-480-449
2058-504-471
2059-527-494
2060-551-516
2061-575-539
2062-599-563
2063-624-587
2064-650-611
2065-676-635
2066-702-660
2067-728-686
2068-755-711
2069-782-737
2070-809-763
2071-837-790
2072-866-818
2073-895-846
2074-925-874
2075-955-903
2076-986-933
2077-1018-963
2078-1051-995
2079-1084-1027
2080-1119-1060
2081-1154-1094
2082-1190-1128
2083-1226-1163
2084-1263-1198
2085-1300-1233
2086-1337-1269
2087-1374-1305
2088-1411-1340
2089-1448-1375
2090-1484-1410
2091-1520-1444
2092-1554-1477
2093-1589-1510
2094-1623-1543
2095-1657-1575
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