Proposed Provision: Apply 2 percent payroll tax rate on earnings over $400,000 in 2018, with the $400,000 threshold wage-indexed after 2018. Give proportional 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
2020299302
2021289292
2022277282
2023264270
2024251257
2025237244
2026221230
2027205215
2028189199
2029171183
2030154166
2031136149
2032117132
203398114
20347996
20355977
20363958
20371940
2038-120
2039-211
2040-42-18
2041-63-38
2042-84-57
2043-105-77
2044-126-97
2045-147-116
2046-168-136
2047-189-156
2048-211-177
2049-233-197
2050-255-218
2051-277-238
2052-299-259
2053-321-280
2054-344-301
2055-366-322
2056-389-344
2057-412-366
2058-436-388
2059-460-411
2060-485-434
2061-509-457
2062-534-481
2063-560-505
2064-586-529
2065-612-554
2066-638-579
2067-665-605
2068-692-630
2069-720-656
2070-748-683
2071-776-710
2072-805-737
2073-834-765
2074-864-794
2075-894-822
2076-925-852
2077-957-882
2078-989-912
2079-1021-943
2080-1054-974
2081-1087-1006
2082-1121-1039
2083-1156-1072
2084-1191-1105
2085-1227-1140
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