Proposed Provision: F2. Starting in 2017, exempt individuals with more than 180 quarters of coverage from the OASDI payroll tax. Earnings exempted from OASDI payroll tax would not be used in computing benefits.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 275 |
2019 | 262 | 257 |
2020 | 246 | 240 |
2021 | 231 | 223 |
2022 | 216 | 205 |
2023 | 200 | 187 |
2024 | 183 | 168 |
2025 | 165 | 149 |
2026 | 149 | 130 |
2027 | 132 | 111 |
2028 | 115 | 92 |
2029 | 98 | 72 |
2030 | 81 | 53 |
2031 | 64 | 33 |
2032 | 46 | 12 |
2033 | 27 | -9 |
2034 | 8 | -30 |
2035 | -11 | -52 |
2036 | -30 | -75 |
2037 | -50 | -97 |
2038 | -71 | -121 |
2039 | -91 | -145 |
2040 | -112 | -169 |
2041 | -133 | -193 |
2042 | -154 | -218 |
2043 | -176 | -242 |
2044 | -197 | -267 |
2045 | -218 | -292 |
2046 | -240 | -317 |
2047 | -262 | -343 |
2048 | -283 | -368 |
2049 | -305 | -394 |
2050 | -327 | -420 |
2051 | -349 | -446 |
2052 | -371 | -472 |
2053 | -393 | -498 |
2054 | -415 | -524 |
2055 | -437 | -550 |
2056 | -460 | -576 |
2057 | -482 | -603 |
2058 | -506 | -631 |
2059 | -529 | -658 |
2060 | -553 | -687 |
2061 | -578 | -715 |
2062 | -603 | -745 |
2063 | -628 | -774 |
2064 | -654 | -805 |
2065 | -680 | -835 |
2066 | -706 | -866 |
2067 | -733 | -898 |
2068 | -760 | -930 |
2069 | -788 | -962 |
2070 | -816 | -995 |
2071 | -845 | -1029 |
2072 | -874 | -1063 |
2073 | -905 | -1098 |
2074 | -935 | -1134 |
2075 | -967 | -1171 |
2076 | -1000 | -1210 |
2077 | -1033 | -1249 |
2078 | -1068 | -1289 |
2079 | -1102 | -1330 |
2080 | -1138 | -1371 |
2081 | -1173 | -1412 |
2082 | -1208 | -1454 |
2083 | -1243 | -1495 |
2084 | -1279 | -1537 |
2085 | -1314 | -1578 |
2086 | -1349 | -1619 |
2087 | -1384 | -1660 |
2088 | -1419 | -1701 |
2089 | -1455 | -1743 |
2090 | -1491 | -1786 |
2091 | -1528 | -1829 |
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