Proposed Provision: Apply the following payroll tax rates above the current-law taxable maximum, with no credit toward benefits: 2.0 percent in 2013, 3.0 percent in 2026, 3.5 percent in 2041, 4.5 percent in 2051, and 5.5 percent in 2061.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 350 |
2013 | 346 | 346 |
2014 | 341 | 343 |
2015 | 335 | 341 |
2016 | 330 | 338 |
2017 | 324 | 334 |
2018 | 317 | 330 |
2019 | 309 | 324 |
2020 | 299 | 317 |
2021 | 289 | 309 |
2022 | 277 | 300 |
2023 | 264 | 289 |
2024 | 251 | 278 |
2025 | 237 | 266 |
2026 | 221 | 253 |
2027 | 205 | 241 |
2028 | 189 | 228 |
2029 | 171 | 214 |
2030 | 154 | 200 |
2031 | 136 | 185 |
2032 | 117 | 171 |
2033 | 98 | 155 |
2034 | 79 | 140 |
2035 | 59 | 124 |
2036 | 39 | 109 |
2037 | 19 | 93 |
2038 | -1 | 77 |
2039 | -21 | 61 |
2040 | -42 | 45 |
2041 | -63 | 29 |
2042 | -84 | 13 |
2043 | -105 | -3 |
2044 | -126 | -18 |
2045 | -147 | -34 |
2046 | -168 | -49 |
2047 | -189 | -65 |
2048 | -211 | -81 |
2049 | -233 | -97 |
2050 | -255 | -113 |
2051 | -277 | -129 |
2052 | -299 | -144 |
2053 | -321 | -159 |
2054 | -344 | -174 |
2055 | -366 | -190 |
2056 | -389 | -205 |
2057 | -412 | -221 |
2058 | -436 | -238 |
2059 | -460 | -254 |
2060 | -485 | -271 |
2061 | -509 | -288 |
2062 | -534 | -304 |
2063 | -560 | -321 |
2064 | -586 | -338 |
2065 | -612 | -355 |
2066 | -638 | -372 |
2067 | -665 | -390 |
2068 | -692 | -408 |
2069 | -720 | -426 |
2070 | -748 | -444 |
2071 | -776 | -463 |
2072 | -805 | -483 |
2073 | -834 | -502 |
2074 | -864 | -522 |
2075 | -894 | -543 |
2076 | -925 | -564 |
2077 | -957 | -585 |
2078 | -989 | -607 |
2079 | -1021 | -629 |
2080 | -1054 | -652 |
2081 | -1087 | -675 |
2082 | -1121 | -699 |
2083 | -1156 | -723 |
2084 | -1191 | -747 |
2085 | -1227 | -772 |
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