Proposed Provision: Determine the level of the contribution and benefit base such that 90 percent of the earnings would be subject to the payroll tax (phased in 2009-2018). All earnings subject to the payroll tax would be used in determining benefits.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
| | |
2008 | 359 | 359 |
2009 | 369 | 369 |
2010 | 378 | 379 |
2011 | 386 | 389 |
2012 | 392 | 397 |
2013 | 394 | 402 |
2014 | 395 | 407 |
2015 | 393 | 410 |
2016 | 390 | 412 |
2017 | 385 | 412 |
2018 | 378 | 412 |
2019 | 371 | 411 |
2020 | 361 | 409 |
2021 | 351 | 406 |
2022 | 341 | 401 |
2023 | 329 | 396 |
2024 | 316 | 389 |
2025 | 302 | 381 |
2026 | 287 | 373 |
2027 | 272 | 364 |
2028 | 256 | 353 |
2029 | 239 | 342 |
2030 | 221 | 331 |
2031 | 203 | 319 |
2032 | 185 | 307 |
2033 | 166 | 295 |
2034 | 147 | 282 |
2035 | 127 | 270 |
2036 | 108 | 257 |
2037 | 88 | 244 |
2038 | 67 | 232 |
2039 | 47 | 219 |
2040 | 26 | 206 |
2041 | 6 | 193 |
2042 | -15 | 181 |
2043 | -36 | 168 |
2044 | -57 | 155 |
2045 | -78 | 142 |
2046 | -100 | 129 |
2047 | -121 | 116 |
2048 | -143 | 102 |
2049 | -165 | 89 |
2050 | -187 | 75 |
2051 | -209 | 62 |
2052 | -232 | 48 |
2053 | -254 | 33 |
2054 | -277 | 19 |
2055 | -300 | 4 |
2056 | -324 | -11 |
2057 | -347 | -26 |
2058 | -372 | -42 |
2059 | -396 | -58 |
2060 | -421 | -74 |
2061 | -447 | -91 |
2062 | -472 | -108 |
2063 | -498 | -125 |
2064 | -525 | -143 |
2065 | -552 | -161 |
2066 | -579 | -179 |
2067 | -607 | -198 |
2068 | -635 | -217 |
2069 | -664 | -237 |
2070 | -693 | -256 |
2071 | -722 | -276 |
2072 | -752 | -297 |
2073 | -782 | -318 |
2074 | -813 | -339 |
2075 | -845 | -361 |
2076 | -876 | -383 |
2077 | -909 | -406 |
2078 | -942 | -429 |
2079 | -975 | -452 |
2080 | -1009 | -476 |
2081 | -1044 | -501 |
2082 | -1079 | -525 |
2083 | -1114 | -551 |
2084 | -1151 | -577 |
2085 | -1188 | -603 |
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