Proposed Provision: Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2016. 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
2015308308
2016298298
2017280284
2018264272
2019248261
2020233250
2021219239
2022204228
2023189216
2024173204
2025157192
2026142179
2027126167
2028110155
202994142
203077129
203160116
203242101
20332387
2034472
2035-1656
2036-3640
2037-5724
2038-787
2039-100-10
2040-122-27
2041-144-45
2042-166-62
2043-189-79
2044-211-97
2045-234-115
2046-257-133
2047-280-151
2048-303-169
2049-327-187
2050-351-205
2051-375-224
2052-398-242
2053-423-261
2054-447-280
2055-472-299
2056-496-319
2057-522-339
2058-548-359
2059-574-380
2060-601-402
2061-629-423
2062-657-446
2063-685-469
2064-714-492
2065-744-515
2066-774-540
2067-804-564
2068-835-589
2069-867-615
2070-899-641
2071-932-667
2072-965-695
2073-1000-723
2074-1035-752
2075-1072-781
2076-1110-812
2077-1148-843
2078-1188-875
2079-1228-908
2080-1268-940
2081-1309-974
2082-1350-1007
2083-1391-1040
2084-1432-1073
2085-1472-1106
2086-1514-1140
2087-1555-1174
2088-1597-1208
2089-1640-1243
2090-1683-1279
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