Proposed Provision: Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2021. Provide proportional benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 286 |
| 2017 | 271 | 271 |
| 2018 | 257 | 257 |
| 2019 | 244 | 244 |
| 2020 | 231 | 231 |
| 2021 | 218 | 218 |
| 2022 | 204 | 205 |
| 2023 | 189 | 191 |
| 2024 | 173 | 177 |
| 2025 | 158 | 162 |
| 2026 | 142 | 147 |
| 2027 | 125 | 131 |
| 2028 | 108 | 115 |
| 2029 | 90 | 98 |
| 2030 | 71 | 81 |
| 2031 | 52 | 62 |
| 2032 | 31 | 43 |
| 2033 | 11 | 24 |
| 2034 | -11 | 3 |
| 2035 | -32 | -17 |
| 2036 | -55 | -39 |
| 2037 | -78 | -60 |
| 2038 | -101 | -82 |
| 2039 | -124 | -104 |
| 2040 | -148 | -127 |
| 2041 | -172 | -150 |
| 2042 | -196 | -173 |
| 2043 | -220 | -196 |
| 2044 | -245 | -219 |
| 2045 | -269 | -242 |
| 2046 | -294 | -266 |
| 2047 | -319 | -290 |
| 2048 | -345 | -314 |
| 2049 | -371 | -338 |
| 2050 | -397 | -363 |
| 2051 | -423 | -387 |
| 2052 | -449 | -412 |
| 2053 | -476 | -438 |
| 2054 | -502 | -463 |
| 2055 | -530 | -489 |
| 2056 | -557 | -515 |
| 2057 | -585 | -541 |
| 2058 | -613 | -568 |
| 2059 | -642 | -596 |
| 2060 | -671 | -624 |
| 2061 | -701 | -652 |
| 2062 | -732 | -681 |
| 2063 | -763 | -711 |
| 2064 | -794 | -741 |
| 2065 | -826 | -772 |
| 2066 | -859 | -803 |
| 2067 | -892 | -834 |
| 2068 | -925 | -866 |
| 2069 | -959 | -898 |
| 2070 | -993 | -931 |
| 2071 | -1028 | -965 |
| 2072 | -1064 | -1000 |
| 2073 | -1101 | -1035 |
| 2074 | -1139 | -1071 |
| 2075 | -1178 | -1108 |
| 2076 | -1217 | -1146 |
| 2077 | -1258 | -1185 |
| 2078 | -1299 | -1225 |
| 2079 | -1340 | -1264 |
| 2080 | -1382 | -1304 |
| 2081 | -1424 | -1345 |
| 2082 | -1466 | -1385 |
| 2083 | -1508 | -1425 |
| 2084 | -1550 | -1466 |
| 2085 | -1592 | -1506 |
| 2086 | -1635 | -1547 |
| 2087 | -1678 | -1589 |
| 2088 | -1722 | -1631 |
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