Proposed Provision: Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2013, and tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 323 |
| 2015 | 302 | 319 |
| 2016 | 290 | 315 |
| 2017 | 277 | 313 |
| 2018 | 265 | 310 |
| 2019 | 253 | 308 |
| 2020 | 240 | 304 |
| 2021 | 227 | 300 |
| 2022 | 212 | 295 |
| 2023 | 197 | 289 |
| 2024 | 181 | 283 |
| 2025 | 164 | 276 |
| 2026 | 147 | 270 |
| 2027 | 129 | 263 |
| 2028 | 110 | 256 |
| 2029 | 90 | 248 |
| 2030 | 70 | 240 |
| 2031 | 49 | 232 |
| 2032 | 27 | 225 |
| 2033 | 5 | 217 |
| 2034 | -18 | 209 |
| 2035 | -41 | 202 |
| 2036 | -65 | 194 |
| 2037 | -89 | 186 |
| 2038 | -114 | 179 |
| 2039 | -138 | 171 |
| 2040 | -163 | 164 |
| 2041 | -189 | 157 |
| 2042 | -215 | 150 |
| 2043 | -240 | 143 |
| 2044 | -266 | 136 |
| 2045 | -292 | 129 |
| 2046 | -319 | 122 |
| 2047 | -346 | 115 |
| 2048 | -373 | 108 |
| 2049 | -400 | 102 |
| 2050 | -428 | 95 |
| 2051 | -456 | 88 |
| 2052 | -484 | 82 |
| 2053 | -512 | 75 |
| 2054 | -540 | 68 |
| 2055 | -569 | 61 |
| 2056 | -598 | 54 |
| 2057 | -628 | 46 |
| 2058 | -657 | 39 |
| 2059 | -688 | 31 |
| 2060 | -719 | 23 |
| 2061 | -750 | 16 |
| 2062 | -782 | 8 |
| 2063 | -814 | -1 |
| 2064 | -847 | -9 |
| 2065 | -880 | -17 |
| 2066 | -913 | -26 |
| 2067 | -946 | -34 |
| 2068 | -980 | -43 |
| 2069 | -1014 | -52 |
| 2070 | -1049 | -62 |
| 2071 | -1084 | -71 |
| 2072 | -1120 | -81 |
| 2073 | -1156 | -91 |
| 2074 | -1193 | -101 |
| 2075 | -1230 | -112 |
| 2076 | -1268 | -123 |
| 2077 | -1307 | -134 |
| 2078 | -1346 | -145 |
| 2079 | -1385 | -156 |
| 2080 | -1425 | -168 |
| 2081 | -1465 | -180 |
| 2082 | -1505 | -192 |
| 2083 | -1547 | -205 |
| 2084 | -1588 | -218 |
| 2085 | -1631 | -231 |
| 2086 | -1673 | -245 |
| 2087 | -1717 | -258 |
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