Proposed Provision: E3.11. Beginning in 2032, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $549,000 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 | 39 |
| 2034 | 22 | 25 |
| 2035 | 7 | 11 |
| 2036 | -9 | -4 |
| 2037 | -26 | -19 |
| 2038 | -43 | -35 |
| 2039 | -60 | -51 |
| 2040 | -78 | -68 |
| 2041 | -96 | -85 |
| 2042 | -115 | -102 |
| 2043 | -135 | -120 |
| 2044 | -154 | -138 |
| 2045 | -174 | -157 |
| 2046 | -194 | -176 |
| 2047 | -215 | -195 |
| 2048 | -235 | -214 |
| 2049 | -256 | -233 |
| 2050 | -277 | -253 |
| 2051 | -299 | -273 |
| 2052 | -320 | -293 |
| 2053 | -342 | -313 |
| 2054 | -364 | -334 |
| 2055 | -386 | -355 |
| 2056 | -409 | -376 |
| 2057 | -431 | -397 |
| 2058 | -455 | -419 |
| 2059 | -478 | -441 |
| 2060 | -502 | -464 |
| 2061 | -527 | -488 |
| 2062 | -553 | -512 |
| 2063 | -579 | -536 |
| 2064 | -605 | -561 |
| 2065 | -632 | -587 |
| 2066 | -660 | -613 |
| 2067 | -688 | -639 |
| 2068 | -716 | -666 |
| 2069 | -745 | -693 |
| 2070 | -774 | -721 |
| 2071 | -803 | -749 |
| 2072 | -834 | -778 |
| 2073 | -864 | -807 |
| 2074 | -895 | -837 |
| 2075 | -927 | -867 |
| 2076 | -960 | -898 |
| 2077 | -993 | -930 |
| 2078 | -1027 | -962 |
| 2079 | -1062 | -995 |
| 2080 | -1098 | -1030 |
| 2081 | -1134 | -1064 |
| 2082 | -1172 | -1100 |
| 2083 | -1209 | -1136 |
| 2084 | -1248 | -1172 |
| 2085 | -1287 | -1210 |
| 2086 | -1327 | -1248 |
| 2087 | -1368 | -1286 |
| 2088 | -1409 | -1325 |
| 2089 | -1450 | -1364 |
| 2090 | -1491 | -1403 |
| 2091 | -1532 | -1442 |
| 2092 | -1573 | -1480 |
| 2093 | -1612 | -1518 |
| 2094 | -1651 | -1555 |
| 2095 | -1689 | -1591 |
| 2096 | -1727 | -1627 |
| 2097 | -1764 | -1662 |
| 2098 | -1801 | -1697 |
| 2099 | -1838 | -1732 |
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