Proposed Provision: Starting in 2013, 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 |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 314 |
2015 | 302 | 299 |
2016 | 290 | 285 |
2017 | 277 | 271 |
2018 | 265 | 258 |
2019 | 253 | 245 |
2020 | 240 | 230 |
2021 | 227 | 215 |
2022 | 212 | 199 |
2023 | 197 | 183 |
2024 | 181 | 165 |
2025 | 164 | 147 |
2026 | 147 | 129 |
2027 | 129 | 109 |
2028 | 110 | 89 |
2029 | 90 | 68 |
2030 | 70 | 46 |
2031 | 49 | 23 |
2032 | 27 | 0 |
2033 | 5 | -24 |
2034 | -18 | -48 |
2035 | -41 | -73 |
2036 | -65 | -99 |
2037 | -89 | -125 |
2038 | -114 | -151 |
2039 | -138 | -178 |
2040 | -163 | -205 |
2041 | -189 | -233 |
2042 | -215 | -260 |
2043 | -240 | -288 |
2044 | -266 | -316 |
2045 | -292 | -345 |
2046 | -319 | -374 |
2047 | -346 | -403 |
2048 | -373 | -432 |
2049 | -400 | -462 |
2050 | -428 | -492 |
2051 | -456 | -523 |
2052 | -484 | -553 |
2053 | -512 | -584 |
2054 | -540 | -615 |
2055 | -569 | -646 |
2056 | -598 | -678 |
2057 | -628 | -710 |
2058 | -657 | -743 |
2059 | -688 | -777 |
2060 | -719 | -811 |
2061 | -750 | -845 |
2062 | -782 | -880 |
2063 | -814 | -915 |
2064 | -847 | -951 |
2065 | -880 | -987 |
2066 | -913 | -1023 |
2067 | -946 | -1060 |
2068 | -980 | -1097 |
2069 | -1014 | -1135 |
2070 | -1049 | -1172 |
2071 | -1084 | -1211 |
2072 | -1120 | -1250 |
2073 | -1156 | -1290 |
2074 | -1193 | -1330 |
2075 | -1230 | -1371 |
2076 | -1268 | -1413 |
2077 | -1307 | -1456 |
2078 | -1346 | -1498 |
2079 | -1385 | -1542 |
2080 | -1425 | -1585 |
2081 | -1465 | -1629 |
2082 | -1505 | -1674 |
2083 | -1547 | -1719 |
2084 | -1588 | -1765 |
2085 | -1631 | -1811 |
2086 | -1673 | -1859 |
2087 | -1717 | -1906 |
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