Proposed Provision: Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2014. 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
2013330330
2014315315
2015301305
2016286293
2017271283
2018257273
2019244264
2020231254
2021218245
2022204234
2023189223
2024173211
2025158199
2026142186
2027125173
2028108159
202990145
203071130
203152115
20323198
20331182
2034-1165
2035-3247
2036-5529
2037-7811
2038-101-8
2039-124-27
2040-148-46
2041-172-65
2042-196-84
2043-220-103
2044-245-122
2045-269-142
2046-294-161
2047-319-181
2048-345-201
2049-371-221
2050-397-242
2051-423-262
2052-449-283
2053-476-304
2054-502-325
2055-530-347
2056-557-369
2057-585-391
2058-613-413
2059-642-437
2060-671-460
2061-701-484
2062-732-509
2063-763-534
2064-794-559
2065-826-585
2066-859-611
2067-892-638
2068-925-665
2069-959-692
2070-993-720
2071-1028-749
2072-1064-778
2073-1101-808
2074-1139-839
2075-1178-871
2076-1217-903
2077-1258-936
2078-1299-969
2079-1340-1003
2080-1382-1037
2081-1424-1071
2082-1466-1106
2083-1508-1140
2084-1550-1174
2085-1592-1209
2086-1635-1244
2087-1678-1280
2088-1722-1316
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