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
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309310
2020299303
2021289294
2022277284
2023264273
2024251261
2025237248
2026221234
2027205220
2028189205
2029171189
2030154173
2031136156
2032117139
203398122
203479104
20355986
20363968
20371950
2038-131
2039-2112
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
back