Proposed Provision: Apply 3 percent payroll tax rate on earnings over $400,000 in 2018, with the $400,000 threshold wage-indexed after 2018. Give proportional benefit credit for additional earnings in AIME for benefit computation.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 350 |
2013 | 346 | 346 |
2014 | 341 | 341 |
2015 | 335 | 335 |
2016 | 330 | 330 |
2017 | 324 | 324 |
2018 | 317 | 317 |
2019 | 309 | 310 |
2020 | 299 | 303 |
2021 | 289 | 294 |
2022 | 277 | 284 |
2023 | 264 | 273 |
2024 | 251 | 261 |
2025 | 237 | 248 |
2026 | 221 | 234 |
2027 | 205 | 220 |
2028 | 189 | 205 |
2029 | 171 | 189 |
2030 | 154 | 173 |
2031 | 136 | 156 |
2032 | 117 | 139 |
2033 | 98 | 122 |
2034 | 79 | 104 |
2035 | 59 | 86 |
2036 | 39 | 68 |
2037 | 19 | 50 |
2038 | -1 | 31 |
2039 | -21 | 12 |
2040 | -42 | -6 |
2041 | -63 | -25 |
2042 | -84 | -44 |
2043 | -105 | -63 |
2044 | -126 | -82 |
2045 | -147 | -101 |
2046 | -168 | -120 |
2047 | -189 | -140 |
2048 | -211 | -159 |
2049 | -233 | -179 |
2050 | -255 | -199 |
2051 | -277 | -219 |
2052 | -299 | -239 |
2053 | -321 | -259 |
2054 | -344 | -280 |
2055 | -366 | -300 |
2056 | -389 | -321 |
2057 | -412 | -343 |
2058 | -436 | -364 |
2059 | -460 | -386 |
2060 | -485 | -409 |
2061 | -509 | -431 |
2062 | -534 | -454 |
2063 | -560 | -478 |
2064 | -586 | -501 |
2065 | -612 | -525 |
2066 | -638 | -550 |
2067 | -665 | -574 |
2068 | -692 | -599 |
2069 | -720 | -625 |
2070 | -748 | -651 |
2071 | -776 | -677 |
2072 | -805 | -704 |
2073 | -834 | -731 |
2074 | -864 | -758 |
2075 | -894 | -786 |
2076 | -925 | -815 |
2077 | -957 | -844 |
2078 | -989 | -874 |
2079 | -1021 | -904 |
2080 | -1054 | -935 |
2081 | -1087 | -966 |
2082 | -1121 | -998 |
2083 | -1156 | -1030 |
2084 | -1191 | -1063 |
2085 | -1227 | -1096 |
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