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 |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 341 |
2014 | 334 | 334 |
2015 | 328 | 328 |
2016 | 321 | 321 |
2017 | 314 | 314 |
2018 | 306 | 306 |
2019 | 296 | 296 |
2020 | 284 | 286 |
2021 | 272 | 274 |
2022 | 259 | 263 |
2023 | 245 | 250 |
2024 | 230 | 236 |
2025 | 214 | 222 |
2026 | 198 | 207 |
2027 | 181 | 191 |
2028 | 164 | 175 |
2029 | 145 | 158 |
2030 | 127 | 140 |
2031 | 107 | 122 |
2032 | 87 | 103 |
2033 | 67 | 84 |
2034 | 46 | 65 |
2035 | 25 | 45 |
2036 | 4 | 25 |
2037 | -18 | 4 |
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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