Proposed Provision: Apply OASDI payroll tax rate on earnings above $400,000 starting in 2015, and tax all earnings once the current-law taxable maximum exceeds $400,000. Credit the additional earnings for benefit purposes by: (a) calculating a second average indexed monthly earnings (AIME+) reflecting only earnings taxed above the current law taxable maximum, (b) applying a 2 percent factor on this newly computed AIME+ to develop a second component of the PIA, and (c) adding this second component to the current-law PIA.

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

Year Present Law Provision
2013330330
2014315315
2015301301
2016286292
2017271283
2018257276
2019244270
2020231264
2021218257
2022204250
2023189242
2024173234
2025158225
2026142217
2027125208
2028108199
202990189
203071179
203152169
203231159
203311148
2034-11137
2035-32126
2036-55115
2037-78104
2038-10194
2039-12483
2040-14874
2041-17264
2042-19655
2043-22047
2044-24539
2045-26931
2046-29424
2047-31916
2048-3459
2049-3711
2050-397-6
2051-423-14
2052-449-21
2053-476-29
2054-502-37
2055-530-45
2056-557-54
2057-585-63
2058-613-72
2059-642-81
2060-671-91
2061-701-101
2062-732-112
2063-763-123
2064-794-134
2065-826-145
2066-859-157
2067-892-169
2068-925-181
2069-959-194
2070-993-207
2071-1028-221
2072-1064-235
2073-1101-249
2074-1139-263
2075-1178-278
2076-1217-294
2077-1258-309
2078-1299-325
2079-1340-341
2080-1382-357
2081-1424-374
2082-1466-390
2083-1508-407
2084-1550-424
2085-1592-441
2086-1635-458
2087-1678-476
2088-1722-494
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