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
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284285
2021272274
2022259262
2023245249
2024230235
2025214220
2026198205
2027181189
2028164172
2029145155
2030127137
2031107119
203287100
20336780
20344660
20352540
2036420
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
back