Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2025, and tax all earnings once the current-law taxable maximum exceeds $250,000. 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 | 164 |
| 2027 | 134 | 158 |
| 2028 | 117 | 152 |
| 2029 | 101 | 148 |
| 2030 | 84 | 144 |
| 2031 | 68 | 141 |
| 2032 | 53 | 139 |
| 2033 | 37 | 137 |
| 2034 | 22 | 136 |
| 2035 | 7 | 136 |
| 2036 | -9 | 135 |
| 2037 | -26 | 134 |
| 2038 | -43 | 133 |
| 2039 | -60 | 132 |
| 2040 | -78 | 130 |
| 2041 | -96 | 128 |
| 2042 | -115 | 126 |
| 2043 | -135 | 123 |
| 2044 | -154 | 121 |
| 2045 | -174 | 118 |
| 2046 | -194 | 115 |
| 2047 | -215 | 112 |
| 2048 | -235 | 109 |
| 2049 | -256 | 105 |
| 2050 | -277 | 101 |
| 2051 | -299 | 97 |
| 2052 | -320 | 93 |
| 2053 | -342 | 88 |
| 2054 | -364 | 83 |
| 2055 | -386 | 78 |
| 2056 | -409 | 72 |
| 2057 | -431 | 66 |
| 2058 | -455 | 59 |
| 2059 | -478 | 52 |
| 2060 | -502 | 44 |
| 2061 | -527 | 36 |
| 2062 | -553 | 28 |
| 2063 | -579 | 19 |
| 2064 | -605 | 10 |
| 2065 | -632 | 1 |
| 2066 | -660 | -9 |
| 2067 | -688 | -19 |
| 2068 | -716 | -30 |
| 2069 | -745 | -41 |
| 2070 | -774 | -52 |
| 2071 | -803 | -63 |
| 2072 | -834 | -75 |
| 2073 | -864 | -88 |
| 2074 | -895 | -100 |
| 2075 | -927 | -113 |
| 2076 | -960 | -127 |
| 2077 | -993 | -140 |
| 2078 | -1027 | -154 |
| 2079 | -1062 | -168 |
| 2080 | -1098 | -183 |
| 2081 | -1134 | -198 |
| 2082 | -1172 | -212 |
| 2083 | -1209 | -227 |
| 2084 | -1248 | -242 |
| 2085 | -1287 | -258 |
| 2086 | -1327 | -273 |
| 2087 | -1368 | -288 |
| 2088 | -1409 | -303 |
| 2089 | -1450 | -319 |
| 2090 | -1491 | -334 |
| 2091 | -1532 | -348 |
| 2092 | -1573 | -363 |
| 2093 | -1612 | -377 |
| 2094 | -1651 | -391 |
| 2095 | -1689 | -405 |
| 2096 | -1727 | -419 |
| 2097 | -1764 | -433 |
| 2098 | -1801 | -446 |
| 2099 | -1838 | -460 |
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