Proposed Provision: Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2021. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 286 |
| 2017 | 271 | 271 |
| 2018 | 257 | 257 |
| 2019 | 244 | 244 |
| 2020 | 231 | 231 |
| 2021 | 218 | 218 |
| 2022 | 204 | 205 |
| 2023 | 189 | 191 |
| 2024 | 173 | 178 |
| 2025 | 158 | 163 |
| 2026 | 142 | 148 |
| 2027 | 125 | 133 |
| 2028 | 108 | 117 |
| 2029 | 90 | 100 |
| 2030 | 71 | 83 |
| 2031 | 52 | 65 |
| 2032 | 31 | 46 |
| 2033 | 11 | 27 |
| 2034 | -11 | 7 |
| 2035 | -32 | -14 |
| 2036 | -55 | -35 |
| 2037 | -78 | -56 |
| 2038 | -101 | -77 |
| 2039 | -124 | -99 |
| 2040 | -148 | -122 |
| 2041 | -172 | -144 |
| 2042 | -196 | -166 |
| 2043 | -220 | -189 |
| 2044 | -245 | -212 |
| 2045 | -269 | -235 |
| 2046 | -294 | -258 |
| 2047 | -319 | -281 |
| 2048 | -345 | -305 |
| 2049 | -371 | -329 |
| 2050 | -397 | -353 |
| 2051 | -423 | -377 |
| 2052 | -449 | -402 |
| 2053 | -476 | -427 |
| 2054 | -502 | -452 |
| 2055 | -530 | -477 |
| 2056 | -557 | -502 |
| 2057 | -585 | -528 |
| 2058 | -613 | -555 |
| 2059 | -642 | -582 |
| 2060 | -671 | -609 |
| 2061 | -701 | -637 |
| 2062 | -732 | -666 |
| 2063 | -763 | -695 |
| 2064 | -794 | -724 |
| 2065 | -826 | -754 |
| 2066 | -859 | -784 |
| 2067 | -892 | -815 |
| 2068 | -925 | -846 |
| 2069 | -959 | -878 |
| 2070 | -993 | -910 |
| 2071 | -1028 | -943 |
| 2072 | -1064 | -977 |
| 2073 | -1101 | -1012 |
| 2074 | -1139 | -1047 |
| 2075 | -1178 | -1084 |
| 2076 | -1217 | -1121 |
| 2077 | -1258 | -1159 |
| 2078 | -1299 | -1197 |
| 2079 | -1340 | -1236 |
| 2080 | -1382 | -1276 |
| 2081 | -1424 | -1315 |
| 2082 | -1466 | -1354 |
| 2083 | -1508 | -1394 |
| 2084 | -1550 | -1433 |
| 2085 | -1592 | -1473 |
| 2086 | -1635 | -1513 |
| 2087 | -1678 | -1554 |
| 2088 | -1722 | -1595 |
back