Proposed Provision: Determine the level of the contribution and benefit base such that 90 percent of the earnings would be subject to the payroll tax (phased in 2006-2015). All earnings subject to the payroll tax would be used in determining benefits.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2005 | 320 | 320 |
2006 | 337 | 337 |
2007 | 355 | 356 |
2008 | 370 | 374 |
2009 | 383 | 390 |
2010 | 394 | 406 |
2011 | 404 | 421 |
2012 | 410 | 433 |
2013 | 415 | 444 |
2014 | 417 | 453 |
2015 | 418 | 460 |
2016 | 416 | 466 |
2017 | 412 | 469 |
2018 | 407 | 471 |
2019 | 401 | 471 |
2020 | 393 | 469 |
2021 | 383 | 466 |
2022 | 372 | 461 |
2023 | 360 | 454 |
2024 | 346 | 447 |
2025 | 332 | 438 |
2026 | 316 | 428 |
2027 | 299 | 417 |
2028 | 282 | 405 |
2029 | 264 | 393 |
2030 | 245 | 380 |
2031 | 225 | 367 |
2032 | 205 | 353 |
2033 | 185 | 339 |
2034 | 164 | 325 |
2035 | 143 | 311 |
2036 | 121 | 296 |
2037 | 99 | 281 |
2038 | 77 | 266 |
2039 | 54 | 251 |
2040 | 31 | 235 |
2041 | 7 | 220 |
2042 | -17 | 204 |
2043 | -41 | 187 |
2044 | -66 | 171 |
2045 | -91 | 154 |
2046 | -117 | 137 |
2047 | -143 | 119 |
2048 | -169 | 101 |
2049 | -196 | 83 |
2050 | -223 | 64 |
2051 | -251 | 45 |
2052 | -279 | 26 |
2053 | -308 | 6 |
2054 | -337 | -15 |
2055 | -367 | -36 |
2056 | -397 | -57 |
2057 | -428 | -79 |
2058 | -460 | -102 |
2059 | -492 | -125 |
2060 | -525 | -148 |
2061 | -558 | -172 |
2062 | -592 | -197 |
2063 | -626 | -222 |
2064 | -661 | -248 |
2065 | -697 | -275 |
2066 | -734 | -302 |
2067 | -772 | -329 |
2068 | -810 | -358 |
2069 | -849 | -386 |
2070 | -889 | -416 |
2071 | -930 | -446 |
2072 | -971 | -477 |
2073 | -1014 | -509 |
2074 | -1057 | -541 |
2075 | -1101 | -574 |
2076 | -1146 | -608 |
2077 | -1192 | -642 |
2078 | -1238 | -677 |
2079 | -1286 | -712 |
2080 | -1334 | -749 |
2081 | -1383 | -786 |
2082 | -1433 | -823 |
2083 | -1484 | -862 |
2084 | -1536 | -901 |
2085 | -1589 | -941 |
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