Proposed Provision: Apply 3 percent payroll tax rate on earnings over $400,000 in 2018, with the $400,000 threshold wage-indexed after 2018. Give no benefit credit for additional earnings in AIME for benefit computation.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309310
2020299303
2021289294
2022277284
2023264273
2024251261
2025237248
2026221234
2027205220
2028189205
2029171189
2030154173
2031136157
2032117140
203398123
203479105
20355987
20363969
20371951
2038-133
2039-2114
2040-42-5
2041-63-23
2042-84-42
2043-105-61
2044-126-80
2045-147-98
2046-168-117
2047-189-137
2048-211-156
2049-233-175
2050-255-195
2051-277-215
2052-299-234
2053-321-254
2054-344-274
2055-366-295
2056-389-315
2057-412-336
2058-436-357
2059-460-379
2060-485-401
2061-509-423
2062-534-445
2063-560-468
2064-586-492
2065-612-515
2066-638-539
2067-665-563
2068-692-588
2069-720-612
2070-748-638
2071-776-663
2072-805-689
2073-834-716
2074-864-743
2075-894-770
2076-925-798
2077-957-827
2078-989-856
2079-1021-885
2080-1054-915
2081-1087-946
2082-1121-977
2083-1156-1008
2084-1191-1040
2085-1227-1073
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