Proposed Provision: Beginning in 2023, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2023. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 280 |
| 2018 | 264 | 264 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 204 | 204 |
| 2023 | 189 | 189 |
| 2024 | 173 | 174 |
| 2025 | 157 | 160 |
| 2026 | 142 | 146 |
| 2027 | 126 | 131 |
| 2028 | 110 | 117 |
| 2029 | 94 | 102 |
| 2030 | 77 | 86 |
| 2031 | 60 | 70 |
| 2032 | 42 | 53 |
| 2033 | 23 | 36 |
| 2034 | 4 | 18 |
| 2035 | -16 | 0 |
| 2036 | -36 | -19 |
| 2037 | -57 | -39 |
| 2038 | -78 | -58 |
| 2039 | -100 | -79 |
| 2040 | -122 | -99 |
| 2041 | -144 | -119 |
| 2042 | -166 | -140 |
| 2043 | -189 | -161 |
| 2044 | -211 | -182 |
| 2045 | -234 | -203 |
| 2046 | -257 | -225 |
| 2047 | -280 | -246 |
| 2048 | -303 | -268 |
| 2049 | -327 | -290 |
| 2050 | -351 | -312 |
| 2051 | -375 | -334 |
| 2052 | -398 | -356 |
| 2053 | -423 | -378 |
| 2054 | -447 | -401 |
| 2055 | -472 | -424 |
| 2056 | -496 | -447 |
| 2057 | -522 | -471 |
| 2058 | -548 | -495 |
| 2059 | -574 | -519 |
| 2060 | -601 | -545 |
| 2061 | -629 | -570 |
| 2062 | -657 | -596 |
| 2063 | -685 | -623 |
| 2064 | -714 | -650 |
| 2065 | -744 | -678 |
| 2066 | -774 | -706 |
| 2067 | -804 | -735 |
| 2068 | -835 | -764 |
| 2069 | -867 | -793 |
| 2070 | -899 | -823 |
| 2071 | -932 | -854 |
| 2072 | -965 | -886 |
| 2073 | -1000 | -918 |
| 2074 | -1035 | -952 |
| 2075 | -1072 | -986 |
| 2076 | -1110 | -1021 |
| 2077 | -1148 | -1058 |
| 2078 | -1188 | -1095 |
| 2079 | -1228 | -1133 |
| 2080 | -1268 | -1171 |
| 2081 | -1309 | -1209 |
| 2082 | -1350 | -1247 |
| 2083 | -1391 | -1286 |
| 2084 | -1432 | -1324 |
| 2085 | -1472 | -1362 |
| 2086 | -1514 | -1401 |
| 2087 | -1555 | -1440 |
| 2088 | -1597 | -1480 |
| 2089 | -1640 | -1520 |
| 2090 | -1683 | -1560 |
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