Proposed Provision: Starting in 2012, exempt individuals with more than 180 quarters of coverage from the OASDI payroll tax.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 339 |
2014 | 334 | 331 |
2015 | 328 | 323 |
2016 | 321 | 315 |
2017 | 314 | 307 |
2018 | 306 | 297 |
2019 | 296 | 286 |
2020 | 284 | 274 |
2021 | 272 | 260 |
2022 | 259 | 246 |
2023 | 245 | 230 |
2024 | 230 | 214 |
2025 | 214 | 198 |
2026 | 198 | 181 |
2027 | 181 | 162 |
2028 | 164 | 143 |
2029 | 145 | 124 |
2030 | 127 | 103 |
2031 | 107 | 83 |
2032 | 87 | 61 |
2033 | 67 | 39 |
2034 | 46 | 17 |
2035 | 25 | -5 |
2036 | 4 | -28 |
2037 | -18 | -52 |
2038 | -40 | -76 |
2039 | -62 | -100 |
2040 | -85 | -124 |
2041 | -108 | -148 |
2042 | -130 | -173 |
2043 | -153 | -198 |
2044 | -176 | -223 |
2045 | -200 | -248 |
2046 | -223 | -274 |
2047 | -247 | -300 |
2048 | -271 | -326 |
2049 | -295 | -352 |
2050 | -319 | -379 |
2051 | -343 | -405 |
2052 | -368 | -432 |
2053 | -393 | -459 |
2054 | -418 | -487 |
2055 | -443 | -514 |
2056 | -468 | -542 |
2057 | -494 | -571 |
2058 | -521 | -599 |
2059 | -548 | -629 |
2060 | -575 | -659 |
2061 | -602 | -689 |
2062 | -630 | -720 |
2063 | -659 | -751 |
2064 | -687 | -782 |
2065 | -716 | -814 |
2066 | -746 | -846 |
2067 | -775 | -879 |
2068 | -805 | -912 |
2069 | -835 | -945 |
2070 | -866 | -978 |
2071 | -897 | -1012 |
2072 | -928 | -1047 |
2073 | -960 | -1082 |
2074 | -992 | -1117 |
2075 | -1025 | -1153 |
2076 | -1058 | -1190 |
2077 | -1092 | -1227 |
2078 | -1126 | -1264 |
2079 | -1161 | -1303 |
2080 | -1196 | -1341 |
2081 | -1232 | -1381 |
2082 | -1268 | -1420 |
2083 | -1305 | -1461 |
2084 | -1342 | -1502 |
2085 | -1380 | -1543 |
2086 | -1419 | -1586 |
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