Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2017, and tax all earnings once the current-law taxable maximum exceeds $250,000. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 286 |
| 2019 | 262 | 281 |
| 2020 | 246 | 275 |
| 2021 | 231 | 270 |
| 2022 | 216 | 264 |
| 2023 | 200 | 257 |
| 2024 | 183 | 249 |
| 2025 | 165 | 241 |
| 2026 | 149 | 234 |
| 2027 | 132 | 227 |
| 2028 | 115 | 221 |
| 2029 | 98 | 215 |
| 2030 | 81 | 209 |
| 2031 | 64 | 205 |
| 2032 | 46 | 200 |
| 2033 | 27 | 195 |
| 2034 | 8 | 191 |
| 2035 | -11 | 187 |
| 2036 | -30 | 183 |
| 2037 | -50 | 179 |
| 2038 | -71 | 174 |
| 2039 | -91 | 170 |
| 2040 | -112 | 166 |
| 2041 | -133 | 162 |
| 2042 | -154 | 158 |
| 2043 | -176 | 154 |
| 2044 | -197 | 150 |
| 2045 | -218 | 147 |
| 2046 | -240 | 143 |
| 2047 | -262 | 140 |
| 2048 | -283 | 137 |
| 2049 | -305 | 133 |
| 2050 | -327 | 130 |
| 2051 | -349 | 127 |
| 2052 | -371 | 124 |
| 2053 | -393 | 121 |
| 2054 | -415 | 117 |
| 2055 | -437 | 113 |
| 2056 | -460 | 109 |
| 2057 | -482 | 105 |
| 2058 | -506 | 101 |
| 2059 | -529 | 96 |
| 2060 | -553 | 91 |
| 2061 | -578 | 85 |
| 2062 | -603 | 80 |
| 2063 | -628 | 74 |
| 2064 | -654 | 68 |
| 2065 | -680 | 61 |
| 2066 | -706 | 54 |
| 2067 | -733 | 47 |
| 2068 | -760 | 40 |
| 2069 | -788 | 32 |
| 2070 | -816 | 24 |
| 2071 | -845 | 16 |
| 2072 | -874 | 7 |
| 2073 | -905 | -1 |
| 2074 | -935 | -10 |
| 2075 | -967 | -20 |
| 2076 | -1000 | -29 |
| 2077 | -1033 | -39 |
| 2078 | -1068 | -49 |
| 2079 | -1102 | -58 |
| 2080 | -1138 | -68 |
| 2081 | -1173 | -78 |
| 2082 | -1208 | -88 |
| 2083 | -1243 | -99 |
| 2084 | -1279 | -109 |
| 2085 | -1314 | -119 |
| 2086 | -1349 | -130 |
| 2087 | -1384 | -141 |
| 2088 | -1419 | -152 |
| 2089 | -1455 | -163 |
| 2090 | -1491 | -175 |
| 2091 | -1528 | -187 |
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