Proposed Provision: E2.9. Apply the following payroll tax rates above the current-law taxable maximum: 2.0 percent in 2019, 3.0 percent in 2032, 3.5 percent in 2047, 4.5 percent in 2057, and 5.5 percent in 2067 and later. 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 |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 262 |
| 2020 | 246 | 249 |
| 2021 | 231 | 237 |
| 2022 | 216 | 224 |
| 2023 | 200 | 210 |
| 2024 | 183 | 196 |
| 2025 | 165 | 181 |
| 2026 | 149 | 166 |
| 2027 | 132 | 152 |
| 2028 | 115 | 137 |
| 2029 | 98 | 122 |
| 2030 | 81 | 108 |
| 2031 | 64 | 93 |
| 2032 | 46 | 78 |
| 2033 | 27 | 63 |
| 2034 | 8 | 48 |
| 2035 | -11 | 33 |
| 2036 | -30 | 17 |
| 2037 | -50 | 1 |
| 2038 | -71 | -15 |
| 2039 | -91 | -32 |
| 2040 | -112 | -48 |
| 2041 | -133 | -65 |
| 2042 | -154 | -82 |
| 2043 | -176 | -99 |
| 2044 | -197 | -116 |
| 2045 | -218 | -133 |
| 2046 | -240 | -150 |
| 2047 | -262 | -167 |
| 2048 | -283 | -183 |
| 2049 | -305 | -200 |
| 2050 | -327 | -216 |
| 2051 | -349 | -233 |
| 2052 | -371 | -250 |
| 2053 | -393 | -266 |
| 2054 | -415 | -283 |
| 2055 | -437 | -300 |
| 2056 | -460 | -317 |
| 2057 | -482 | -335 |
| 2058 | -506 | -351 |
| 2059 | -529 | -368 |
| 2060 | -553 | -386 |
| 2061 | -578 | -404 |
| 2062 | -603 | -422 |
| 2063 | -628 | -441 |
| 2064 | -654 | -460 |
| 2065 | -680 | -479 |
| 2066 | -706 | -498 |
| 2067 | -733 | -518 |
| 2068 | -760 | -538 |
| 2069 | -788 | -557 |
| 2070 | -816 | -578 |
| 2071 | -845 | -598 |
| 2072 | -874 | -619 |
| 2073 | -905 | -641 |
| 2074 | -935 | -663 |
| 2075 | -967 | -686 |
| 2076 | -1000 | -710 |
| 2077 | -1033 | -734 |
| 2078 | -1068 | -758 |
| 2079 | -1102 | -784 |
| 2080 | -1138 | -809 |
| 2081 | -1173 | -834 |
| 2082 | -1208 | -860 |
| 2083 | -1243 | -885 |
| 2084 | -1279 | -911 |
| 2085 | -1314 | -936 |
| 2086 | -1349 | -961 |
| 2087 | -1384 | -987 |
| 2088 | -1419 | -1013 |
| 2089 | -1455 | -1039 |
| 2090 | -1491 | -1065 |
| 2091 | -1528 | -1092 |
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