Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional 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 | 285 |
2021 | 272 | 274 |
2022 | 259 | 262 |
2023 | 245 | 249 |
2024 | 230 | 235 |
2025 | 214 | 220 |
2026 | 198 | 205 |
2027 | 181 | 189 |
2028 | 164 | 172 |
2029 | 145 | 155 |
2030 | 127 | 137 |
2031 | 107 | 119 |
2032 | 87 | 100 |
2033 | 67 | 80 |
2034 | 46 | 60 |
2035 | 25 | 40 |
2036 | 4 | 20 |
2037 | -18 | -1 |
2038 | -40 | -22 |
2039 | -62 | -43 |
2040 | -85 | -64 |
2041 | -108 | -86 |
2042 | -130 | -107 |
2043 | -153 | -129 |
2044 | -176 | -151 |
2045 | -200 | -173 |
2046 | -223 | -195 |
2047 | -247 | -218 |
2048 | -271 | -240 |
2049 | -295 | -263 |
2050 | -319 | -286 |
2051 | -343 | -309 |
2052 | -368 | -333 |
2053 | -393 | -356 |
2054 | -418 | -380 |
2055 | -443 | -404 |
2056 | -468 | -428 |
2057 | -494 | -453 |
2058 | -521 | -478 |
2059 | -548 | -504 |
2060 | -575 | -530 |
2061 | -602 | -556 |
2062 | -630 | -583 |
2063 | -659 | -610 |
2064 | -687 | -637 |
2065 | -716 | -665 |
2066 | -746 | -692 |
2067 | -775 | -721 |
2068 | -805 | -749 |
2069 | -835 | -778 |
2070 | -866 | -807 |
2071 | -897 | -837 |
2072 | -928 | -867 |
2073 | -960 | -897 |
2074 | -992 | -928 |
2075 | -1025 | -959 |
2076 | -1058 | -991 |
2077 | -1092 | -1024 |
2078 | -1126 | -1057 |
2079 | -1161 | -1090 |
2080 | -1196 | -1124 |
2081 | -1232 | -1158 |
2082 | -1268 | -1193 |
2083 | -1305 | -1228 |
2084 | -1342 | -1264 |
2085 | -1380 | -1301 |
2086 | -1419 | -1338 |
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