Proposed Provision: E2.8. Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2024-2071, and a 3 percent rate for years 2072 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 |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 180 |
| 2026 | 159 | 164 |
| 2027 | 141 | 149 |
| 2028 | 122 | 132 |
| 2029 | 104 | 116 |
| 2030 | 85 | 99 |
| 2031 | 66 | 82 |
| 2032 | 46 | 65 |
| 2033 | 27 | 48 |
| 2034 | 7 | 30 |
| 2035 | -13 | 13 |
| 2036 | -33 | -5 |
| 2037 | -54 | -24 |
| 2038 | -76 | -42 |
| 2039 | -97 | -61 |
| 2040 | -119 | -81 |
| 2041 | -142 | -100 |
| 2042 | -165 | -120 |
| 2043 | -188 | -140 |
| 2044 | -211 | -161 |
| 2045 | -235 | -181 |
| 2046 | -258 | -202 |
| 2047 | -282 | -223 |
| 2048 | -306 | -244 |
| 2049 | -330 | -265 |
| 2050 | -354 | -286 |
| 2051 | -378 | -308 |
| 2052 | -403 | -329 |
| 2053 | -427 | -351 |
| 2054 | -452 | -373 |
| 2055 | -477 | -394 |
| 2056 | -502 | -416 |
| 2057 | -527 | -439 |
| 2058 | -552 | -461 |
| 2059 | -578 | -484 |
| 2060 | -604 | -507 |
| 2061 | -630 | -530 |
| 2062 | -657 | -554 |
| 2063 | -684 | -578 |
| 2064 | -712 | -602 |
| 2065 | -740 | -627 |
| 2066 | -768 | -652 |
| 2067 | -796 | -678 |
| 2068 | -825 | -704 |
| 2069 | -855 | -730 |
| 2070 | -884 | -756 |
| 2071 | -914 | -783 |
| 2072 | -945 | -811 |
| 2073 | -976 | -837 |
| 2074 | -1007 | -864 |
| 2075 | -1039 | -892 |
| 2076 | -1071 | -920 |
| 2077 | -1105 | -949 |
| 2078 | -1139 | -979 |
| 2079 | -1175 | -1010 |
| 2080 | -1211 | -1041 |
| 2081 | -1248 | -1073 |
| 2082 | -1286 | -1106 |
| 2083 | -1324 | -1139 |
| 2084 | -1363 | -1173 |
| 2085 | -1403 | -1207 |
| 2086 | -1443 | -1241 |
| 2087 | -1483 | -1276 |
| 2088 | -1524 | -1311 |
| 2089 | -1564 | -1346 |
| 2090 | -1604 | -1380 |
| 2091 | -1643 | -1413 |
| 2092 | -1681 | -1446 |
| 2093 | -1718 | -1477 |
| 2094 | -1754 | -1508 |
| 2095 | -1789 | -1538 |
| 2096 | -1825 | -1568 |
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