Proposed Provision: Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2014-2061, and a 3 percent rate for years 2062 and later. Do not provide benefit credit for earnings above the current-law taxable maximum.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328330
2016321326
2017314322
2018306316
2019296309
2020284300
2021272289
2022259279
2023245267
2024230254
2025214241
2026198227
2027181213
2028164197
2029145181
2030127165
2031107148
203287130
203367112
20344694
20352576
2036457
2037-1838
2038-4019
2039-620
2040-85-19
2041-108-39
2042-130-59
2043-153-78
2044-176-98
2045-200-118
2046-223-138
2047-247-158
2048-271-178
2049-295-199
2050-319-220
2051-343-241
2052-368-261
2053-393-283
2054-418-304
2055-443-326
2056-468-347
2057-494-370
2058-521-392
2059-548-415
2060-575-439
2061-602-462
2062-630-486
2063-659-509
2064-687-533
2065-716-557
2066-746-581
2067-775-605
2068-805-629
2069-835-654
2070-866-679
2071-897-705
2072-928-731
2073-960-757
2074-992-784
2075-1025-811
2076-1058-838
2077-1092-866
2078-1126-895
2079-1161-924
2080-1196-953
2081-1232-983
2082-1268-1013
2083-1305-1044
2084-1342-1075
2085-1380-1107
2086-1419-1139
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