Proposed Provision: Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2015, 3.0 percent in 2028, 3.5 percent in 2043, 4.5 percent in 2053, and 5.5 percent in 2063 and later. Do not provide benefit credit for earnings above the current-law taxable maximum.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290292
2017277283
2018265274
2019253264
2020240254
2021227243
2022212231
2023197218
2024181204
2025164190
2026147175
2027129159
2028110142
202990126
203070110
20314992
20322774
2033556
2034-1837
2035-4117
2036-65-2
2037-89-22
2038-114-42
2039-138-63
2040-163-83
2041-189-104
2042-215-125
2043-240-146
2044-266-167
2045-292-188
2046-319-209
2047-346-230
2048-373-251
2049-400-273
2050-428-294
2051-456-316
2052-484-338
2053-512-360
2054-540-381
2055-569-403
2056-598-425
2057-628-447
2058-657-469
2059-688-492
2060-719-515
2061-750-539
2062-782-562
2063-814-586
2064-847-610
2065-880-633
2066-913-657
2067-946-681
2068-980-705
2069-1014-730
2070-1049-754
2071-1084-780
2072-1120-806
2073-1156-832
2074-1193-858
2075-1230-885
2076-1268-913
2077-1307-941
2078-1346-969
2079-1385-998
2080-1425-1027
2081-1465-1056
2082-1505-1086
2083-1547-1116
2084-1588-1146
2085-1631-1177
2086-1673-1209
2087-1717-1241
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