Proposed Provision: Apply 4 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
2019309311
2020299304
2021289296
2022277286
2023264276
2024251264
2025237252
2026221239
2027205225
2028189210
2029171195
2030154180
2031136164
2032117147
203398131
203479114
20355997
20363979
20371961
2038-144
2039-2126
2040-428
2041-63-10
2042-84-28
2043-105-46
2044-126-64
2045-147-82
2046-168-101
2047-189-119
2048-211-137
2049-233-156
2050-255-175
2051-277-194
2052-299-213
2053-321-232
2054-344-251
2055-366-271
2056-389-290
2057-412-310
2058-436-331
2059-460-352
2060-485-373
2061-509-394
2062-534-416
2063-560-438
2064-586-460
2065-612-483
2066-638-506
2067-665-529
2068-692-553
2069-720-576
2070-748-601
2071-776-626
2072-805-651
2073-834-676
2074-864-702
2075-894-729
2076-925-756
2077-957-784
2078-989-812
2079-1021-840
2080-1054-869
2081-1087-898
2082-1121-928
2083-1156-959
2084-1191-990
2085-1227-1021
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