Proposed Provision: Beginning in 2020, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2020. Provide proportional 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 | 315 |
| 2015 | 302 | 302 |
| 2016 | 290 | 290 |
| 2017 | 277 | 277 |
| 2018 | 265 | 265 |
| 2019 | 253 | 253 |
| 2020 | 240 | 240 |
| 2021 | 227 | 228 |
| 2022 | 212 | 215 |
| 2023 | 197 | 201 |
| 2024 | 181 | 185 |
| 2025 | 164 | 170 |
| 2026 | 147 | 154 |
| 2027 | 129 | 137 |
| 2028 | 110 | 119 |
| 2029 | 90 | 100 |
| 2030 | 70 | 81 |
| 2031 | 49 | 61 |
| 2032 | 27 | 40 |
| 2033 | 5 | 19 |
| 2034 | -18 | -3 |
| 2035 | -41 | -25 |
| 2036 | -65 | -48 |
| 2037 | -89 | -70 |
| 2038 | -114 | -94 |
| 2039 | -138 | -117 |
| 2040 | -163 | -141 |
| 2041 | -189 | -165 |
| 2042 | -215 | -190 |
| 2043 | -240 | -214 |
| 2044 | -266 | -239 |
| 2045 | -292 | -264 |
| 2046 | -319 | -289 |
| 2047 | -346 | -314 |
| 2048 | -373 | -340 |
| 2049 | -400 | -366 |
| 2050 | -428 | -392 |
| 2051 | -456 | -418 |
| 2052 | -484 | -445 |
| 2053 | -512 | -472 |
| 2054 | -540 | -499 |
| 2055 | -569 | -526 |
| 2056 | -598 | -554 |
| 2057 | -628 | -582 |
| 2058 | -657 | -610 |
| 2059 | -688 | -639 |
| 2060 | -719 | -668 |
| 2061 | -750 | -698 |
| 2062 | -782 | -729 |
| 2063 | -814 | -759 |
| 2064 | -847 | -790 |
| 2065 | -880 | -822 |
| 2066 | -913 | -853 |
| 2067 | -946 | -885 |
| 2068 | -980 | -917 |
| 2069 | -1014 | -950 |
| 2070 | -1049 | -983 |
| 2071 | -1084 | -1016 |
| 2072 | -1120 | -1050 |
| 2073 | -1156 | -1085 |
| 2074 | -1193 | -1120 |
| 2075 | -1230 | -1156 |
| 2076 | -1268 | -1192 |
| 2077 | -1307 | -1229 |
| 2078 | -1346 | -1266 |
| 2079 | -1385 | -1304 |
| 2080 | -1425 | -1342 |
| 2081 | -1465 | -1380 |
| 2082 | -1505 | -1419 |
| 2083 | -1547 | -1459 |
| 2084 | -1588 | -1499 |
| 2085 | -1631 | -1539 |
| 2086 | -1673 | -1580 |
| 2087 | -1717 | -1622 |
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