Proposed Provision: Apply 12.4 payroll tax rate on earnings above $250,000 starting in 2012. The $250,000 threshold does not increase in future years; when the current-law contribution and benefit base exceeds $250,000, apply 12.4 percent tax rate to earnings above the base. Earnings subject to tax above the threshold would not be credited for the purpose of computing benefits.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346353
2014341357
2015335361
2016330365
2017324368
2018317371
2019309373
2020299373
2021289373
2022277372
2023264370
2024251367
2025237364
2026221360
2027205356
2028189352
2029171348
2030154344
2031136340
2032117336
203398333
203479330
203559327
203639324
203719321
2038-1318
2039-21316
2040-42314
2041-63312
2042-84311
2043-105310
2044-126309
2045-147308
2046-168308
2047-189307
2048-211307
2049-233307
2050-255307
2051-277307
2052-299306
2053-321306
2054-344306
2055-366305
2056-389304
2057-412303
2058-436302
2059-460301
2060-485300
2061-509299
2062-534297
2063-560296
2064-586294
2065-612292
2066-638290
2067-665287
2068-692285
2069-720282
2070-748279
2071-776275
2072-805272
2073-834268
2074-864264
2075-894259
2076-925255
2077-957250
2078-989245
2079-1021239
2080-1054234
2081-1087228
2082-1121221
2083-1156215
2084-1191208
2085-1227201
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