Proposed Provision: Beginning in 2017, apply 4 percent payroll tax rate on earnings above the wage-indexed equivalent of $400,000 in 2015, with the threshold wage-indexed after 2017. Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings taxed only between 2015 wage-indexed equivalents of $400,000 and $500,000 (with thresholds wage-indexed after 2017); and (2) a formula factor of 2 percent on this newly computed "AIME+".
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 280 |
| 2018 | 264 | 266 |
| 2019 | 248 | 253 |
| 2020 | 233 | 240 |
| 2021 | 219 | 227 |
| 2022 | 204 | 214 |
| 2023 | 189 | 201 |
| 2024 | 173 | 187 |
| 2025 | 157 | 174 |
| 2026 | 142 | 160 |
| 2027 | 126 | 146 |
| 2028 | 110 | 132 |
| 2029 | 94 | 118 |
| 2030 | 77 | 103 |
| 2031 | 60 | 88 |
| 2032 | 42 | 72 |
| 2033 | 23 | 55 |
| 2034 | 4 | 38 |
| 2035 | -16 | 20 |
| 2036 | -36 | 2 |
| 2037 | -57 | -16 |
| 2038 | -78 | -35 |
| 2039 | -100 | -54 |
| 2040 | -122 | -74 |
| 2041 | -144 | -93 |
| 2042 | -166 | -113 |
| 2043 | -189 | -133 |
| 2044 | -211 | -153 |
| 2045 | -234 | -173 |
| 2046 | -257 | -193 |
| 2047 | -280 | -213 |
| 2048 | -303 | -234 |
| 2049 | -327 | -255 |
| 2050 | -351 | -276 |
| 2051 | -375 | -297 |
| 2052 | -398 | -318 |
| 2053 | -423 | -339 |
| 2054 | -447 | -361 |
| 2055 | -472 | -382 |
| 2056 | -496 | -405 |
| 2057 | -522 | -427 |
| 2058 | -548 | -450 |
| 2059 | -574 | -474 |
| 2060 | -601 | -498 |
| 2061 | -629 | -522 |
| 2062 | -657 | -547 |
| 2063 | -685 | -573 |
| 2064 | -714 | -599 |
| 2065 | -744 | -625 |
| 2066 | -774 | -652 |
| 2067 | -804 | -679 |
| 2068 | -835 | -707 |
| 2069 | -867 | -736 |
| 2070 | -899 | -765 |
| 2071 | -932 | -794 |
| 2072 | -965 | -824 |
| 2073 | -1000 | -856 |
| 2074 | -1035 | -888 |
| 2075 | -1072 | -921 |
| 2076 | -1110 | -955 |
| 2077 | -1148 | -989 |
| 2078 | -1188 | -1025 |
| 2079 | -1228 | -1061 |
| 2080 | -1268 | -1097 |
| 2081 | -1309 | -1134 |
| 2082 | -1350 | -1171 |
| 2083 | -1391 | -1208 |
| 2084 | -1432 | -1244 |
| 2085 | -1472 | -1281 |
| 2086 | -1514 | -1318 |
| 2087 | -1555 | -1356 |
| 2088 | -1597 | -1394 |
| 2089 | -1640 | -1432 |
| 2090 | -1683 | -1472 |
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