Proposed Provision: Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2015-2062, and a 3 percent rate for years 2063 and later. Do not provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 315 |
| 2015 | 302 | 302 |
| 2016 | 290 | 292 |
| 2017 | 277 | 283 |
| 2018 | 265 | 274 |
| 2019 | 253 | 264 |
| 2020 | 240 | 254 |
| 2021 | 227 | 243 |
| 2022 | 212 | 231 |
| 2023 | 197 | 218 |
| 2024 | 181 | 204 |
| 2025 | 164 | 190 |
| 2026 | 147 | 175 |
| 2027 | 129 | 159 |
| 2028 | 110 | 142 |
| 2029 | 90 | 125 |
| 2030 | 70 | 107 |
| 2031 | 49 | 89 |
| 2032 | 27 | 70 |
| 2033 | 5 | 50 |
| 2034 | -18 | 30 |
| 2035 | -41 | 9 |
| 2036 | -65 | -12 |
| 2037 | -89 | -33 |
| 2038 | -114 | -54 |
| 2039 | -138 | -76 |
| 2040 | -163 | -98 |
| 2041 | -189 | -120 |
| 2042 | -215 | -142 |
| 2043 | -240 | -165 |
| 2044 | -266 | -187 |
| 2045 | -292 | -210 |
| 2046 | -319 | -233 |
| 2047 | -346 | -256 |
| 2048 | -373 | -280 |
| 2049 | -400 | -303 |
| 2050 | -428 | -327 |
| 2051 | -456 | -351 |
| 2052 | -484 | -375 |
| 2053 | -512 | -400 |
| 2054 | -540 | -424 |
| 2055 | -569 | -449 |
| 2056 | -598 | -474 |
| 2057 | -628 | -500 |
| 2058 | -657 | -526 |
| 2059 | -688 | -552 |
| 2060 | -719 | -579 |
| 2061 | -750 | -606 |
| 2062 | -782 | -634 |
| 2063 | -814 | -662 |
| 2064 | -847 | -689 |
| 2065 | -880 | -716 |
| 2066 | -913 | -744 |
| 2067 | -946 | -771 |
| 2068 | -980 | -800 |
| 2069 | -1014 | -828 |
| 2070 | -1049 | -857 |
| 2071 | -1084 | -886 |
| 2072 | -1120 | -916 |
| 2073 | -1156 | -946 |
| 2074 | -1193 | -977 |
| 2075 | -1230 | -1008 |
| 2076 | -1268 | -1040 |
| 2077 | -1307 | -1072 |
| 2078 | -1346 | -1105 |
| 2079 | -1385 | -1138 |
| 2080 | -1425 | -1171 |
| 2081 | -1465 | -1205 |
| 2082 | -1505 | -1239 |
| 2083 | -1547 | -1274 |
| 2084 | -1588 | -1309 |
| 2085 | -1631 | -1345 |
| 2086 | -1673 | -1381 |
| 2087 | -1717 | -1418 |
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