Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2019. Do not provide benefit credit for additional earnings taxed.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284286
2021272274
2022259263
2023245250
2024230236
2025214222
2026198207
2027181191
2028164175
2029145158
2030127140
2031107122
203287103
20336784
20344665
20352545
2036425
2037-184
2038-40-16
2039-62-37
2040-85-58
2041-108-79
2042-130-100
2043-153-122
2044-176-143
2045-200-165
2046-223-187
2047-247-209
2048-271-231
2049-295-253
2050-319-276
2051-343-298
2052-368-321
2053-393-344
2054-418-367
2055-443-391
2056-468-414
2057-494-439
2058-521-463
2059-548-488
2060-575-513
2061-602-539
2062-630-565
2063-659-591
2064-687-618
2065-716-645
2066-746-672
2067-775-700
2068-805-728
2069-835-756
2070-866-784
2071-897-813
2072-928-842
2073-960-872
2074-992-902
2075-1025-933
2076-1058-964
2077-1092-995
2078-1126-1027
2079-1161-1060
2080-1196-1093
2081-1232-1126
2082-1268-1160
2083-1305-1195
2084-1342-1230
2085-1380-1265
2086-1419-1301
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