Proposed Provision: E3.13. Beginning in 2025, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $548,700 in 2025), with the threshold wage-indexed after 2025. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 166 |
| 2027 | 148 | 150 |
| 2028 | 130 | 133 |
| 2029 | 112 | 116 |
| 2030 | 94 | 99 |
| 2031 | 75 | 81 |
| 2032 | 56 | 63 |
| 2033 | 37 | 45 |
| 2034 | 16 | 26 |
| 2035 | -4 | 6 |
| 2036 | -26 | -15 |
| 2037 | -47 | -35 |
| 2038 | -70 | -56 |
| 2039 | -92 | -78 |
| 2040 | -115 | -99 |
| 2041 | -138 | -121 |
| 2042 | -161 | -143 |
| 2043 | -184 | -165 |
| 2044 | -207 | -187 |
| 2045 | -230 | -208 |
| 2046 | -253 | -230 |
| 2047 | -276 | -252 |
| 2048 | -300 | -274 |
| 2049 | -323 | -296 |
| 2050 | -346 | -318 |
| 2051 | -370 | -340 |
| 2052 | -393 | -362 |
| 2053 | -417 | -385 |
| 2054 | -440 | -407 |
| 2055 | -464 | -429 |
| 2056 | -487 | -451 |
| 2057 | -511 | -474 |
| 2058 | -536 | -497 |
| 2059 | -560 | -520 |
| 2060 | -585 | -544 |
| 2061 | -611 | -568 |
| 2062 | -637 | -593 |
| 2063 | -663 | -618 |
| 2064 | -690 | -643 |
| 2065 | -717 | -669 |
| 2066 | -745 | -695 |
| 2067 | -772 | -722 |
| 2068 | -801 | -748 |
| 2069 | -829 | -776 |
| 2070 | -858 | -803 |
| 2071 | -888 | -832 |
| 2072 | -918 | -861 |
| 2073 | -949 | -890 |
| 2074 | -981 | -920 |
| 2075 | -1014 | -951 |
| 2076 | -1047 | -983 |
| 2077 | -1082 | -1016 |
| 2078 | -1117 | -1050 |
| 2079 | -1153 | -1084 |
| 2080 | -1190 | -1119 |
| 2081 | -1227 | -1154 |
| 2082 | -1264 | -1189 |
| 2083 | -1300 | -1224 |
| 2084 | -1337 | -1259 |
| 2085 | -1374 | -1294 |
| 2086 | -1410 | -1328 |
| 2087 | -1446 | -1363 |
| 2088 | -1483 | -1398 |
| 2089 | -1520 | -1433 |
| 2090 | -1557 | -1468 |
| 2091 | -1595 | -1504 |
| 2092 | -1633 | -1541 |
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