Proposed Provision: E3.16. Beginning in 2018, apply 4 percent payroll tax rate on earnings above the wage-indexed equivalent of $400,000 in 2015, with the threshold wage-indexed after 2018. 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 2018); 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 |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 264 |
| 2020 | 246 | 251 |
| 2021 | 231 | 238 |
| 2022 | 216 | 225 |
| 2023 | 200 | 210 |
| 2024 | 183 | 195 |
| 2025 | 165 | 180 |
| 2026 | 149 | 165 |
| 2027 | 132 | 150 |
| 2028 | 115 | 135 |
| 2029 | 98 | 119 |
| 2030 | 81 | 104 |
| 2031 | 64 | 89 |
| 2032 | 46 | 73 |
| 2033 | 27 | 57 |
| 2034 | 8 | 40 |
| 2035 | -11 | 23 |
| 2036 | -30 | 5 |
| 2037 | -50 | -12 |
| 2038 | -71 | -30 |
| 2039 | -91 | -49 |
| 2040 | -112 | -67 |
| 2041 | -133 | -86 |
| 2042 | -154 | -105 |
| 2043 | -176 | -123 |
| 2044 | -197 | -142 |
| 2045 | -218 | -161 |
| 2046 | -240 | -180 |
| 2047 | -262 | -199 |
| 2048 | -283 | -218 |
| 2049 | -305 | -238 |
| 2050 | -327 | -257 |
| 2051 | -349 | -276 |
| 2052 | -371 | -295 |
| 2053 | -393 | -315 |
| 2054 | -415 | -334 |
| 2055 | -437 | -354 |
| 2056 | -460 | -374 |
| 2057 | -482 | -394 |
| 2058 | -506 | -415 |
| 2059 | -529 | -436 |
| 2060 | -553 | -457 |
| 2061 | -578 | -479 |
| 2062 | -603 | -501 |
| 2063 | -628 | -524 |
| 2064 | -654 | -547 |
| 2065 | -680 | -570 |
| 2066 | -706 | -594 |
| 2067 | -733 | -618 |
| 2068 | -760 | -642 |
| 2069 | -788 | -667 |
| 2070 | -816 | -693 |
| 2071 | -845 | -718 |
| 2072 | -874 | -745 |
| 2073 | -905 | -772 |
| 2074 | -935 | -800 |
| 2075 | -967 | -829 |
| 2076 | -1000 | -858 |
| 2077 | -1033 | -888 |
| 2078 | -1068 | -919 |
| 2079 | -1102 | -950 |
| 2080 | -1138 | -982 |
| 2081 | -1173 | -1014 |
| 2082 | -1208 | -1045 |
| 2083 | -1243 | -1077 |
| 2084 | -1279 | -1109 |
| 2085 | -1314 | -1140 |
| 2086 | -1349 | -1172 |
| 2087 | -1384 | -1204 |
| 2088 | -1419 | -1236 |
| 2089 | -1455 | -1268 |
| 2090 | -1491 | -1301 |
| 2091 | -1528 | -1334 |
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