Proposed Provision: Beginning in 2020, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2020. Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277277
2018265265
2019253253
2020240240
2021227228
2022212215
2023197201
2024181187
2025164171
2026147155
2027129138
2028110121
202990103
20307083
20314964
20322743
2033522
2034-181
2035-41-21
2036-65-43
2037-89-66
2038-114-89
2039-138-112
2040-163-135
2041-189-159
2042-215-183
2043-240-207
2044-266-231
2045-292-256
2046-319-280
2047-346-305
2048-373-331
2049-400-356
2050-428-382
2051-456-408
2052-484-434
2053-512-460
2054-540-486
2055-569-513
2056-598-540
2057-628-568
2058-657-595
2059-688-624
2060-719-653
2061-750-682
2062-782-712
2063-814-742
2064-847-772
2065-880-803
2066-913-833
2067-946-865
2068-980-896
2069-1014-928
2070-1049-960
2071-1084-993
2072-1120-1026
2073-1156-1060
2074-1193-1094
2075-1230-1129
2076-1268-1165
2077-1307-1201
2078-1346-1237
2079-1385-1274
2080-1425-1311
2081-1465-1349
2082-1505-1386
2083-1547-1425
2084-1588-1464
2085-1631-1504
2086-1673-1544
2087-1717-1585
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