Proposed Provision: Make 90% of the earnings subject to the payroll tax (phased in 2010-2019), but retain the current-law taxable maximum for benefit purposes. This estimate considers all self-employed earnings in computing the percentage of earnings subject to the payroll tax.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2009 | 354 | 354 |
2010 | 360 | 360 |
2011 | 366 | 368 |
2012 | 369 | 372 |
2013 | 367 | 374 |
2014 | 364 | 374 |
2015 | 359 | 374 |
2016 | 354 | 373 |
2017 | 347 | 371 |
2018 | 338 | 368 |
2019 | 327 | 363 |
2020 | 315 | 358 |
2021 | 302 | 351 |
2022 | 289 | 344 |
2023 | 275 | 336 |
2024 | 260 | 327 |
2025 | 244 | 318 |
2026 | 227 | 307 |
2027 | 209 | 296 |
2028 | 191 | 284 |
2029 | 173 | 272 |
2030 | 153 | 259 |
2031 | 133 | 246 |
2032 | 113 | 233 |
2033 | 92 | 219 |
2034 | 71 | 205 |
2035 | 50 | 191 |
2036 | 29 | 177 |
2037 | 7 | 163 |
2038 | -16 | 149 |
2039 | -38 | 135 |
2040 | -61 | 121 |
2041 | -83 | 108 |
2042 | -106 | 94 |
2043 | -129 | 80 |
2044 | -152 | 66 |
2045 | -175 | 52 |
2046 | -199 | 39 |
2047 | -222 | 25 |
2048 | -246 | 11 |
2049 | -270 | -3 |
2050 | -294 | -17 |
2051 | -318 | -31 |
2052 | -342 | -45 |
2053 | -366 | -59 |
2054 | -391 | -74 |
2055 | -415 | -88 |
2056 | -440 | -103 |
2057 | -466 | -118 |
2058 | -491 | -133 |
2059 | -517 | -149 |
2060 | -544 | -165 |
2061 | -570 | -181 |
2062 | -598 | -197 |
2063 | -625 | -214 |
2064 | -653 | -231 |
2065 | -681 | -248 |
2066 | -710 | -266 |
2067 | -739 | -283 |
2068 | -768 | -302 |
2069 | -798 | -320 |
2070 | -828 | -339 |
2071 | -859 | -358 |
2072 | -890 | -378 |
2073 | -922 | -398 |
2074 | -954 | -418 |
2075 | -987 | -439 |
2076 | -1020 | -461 |
2077 | -1054 | -482 |
2078 | -1089 | -505 |
2079 | -1124 | -527 |
2080 | -1159 | -550 |
2081 | -1195 | -574 |
2082 | -1232 | -598 |
2083 | -1270 | -622 |
2084 | -1308 | -648 |
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