Proposed Provision: E2.5. Apply 12.4 percent payroll tax rate on earnings above $250,000 starting in 2018, 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 Current Law Provision
2017298298
2018287287
2019273282
2020259277
2021245272
2022230267
2023215261
2024199254
2025182247
2026165239
2027148231
2028130223
2029112215
203094208
203175201
203256194
203337188
203416181
2035-4174
2036-26168
2037-47161
2038-70155
2039-92148
2040-115142
2041-138136
2042-161130
2043-184124
2044-207119
2045-230114
2046-253108
2047-276103
2048-30098
2049-32394
2050-34689
2051-37084
2052-39379
2053-41775
2054-44070
2055-46465
2056-48759
2057-51154
2058-53648
2059-56042
2060-58536
2061-61129
2062-63723
2063-66316
2064-6908
2065-7171
2066-745-7
2067-772-15
2068-801-24
2069-829-33
2070-858-42
2071-888-51
2072-918-61
2073-949-71
2074-981-81
2075-1014-92
2076-1047-103
2077-1082-114
2078-1117-125
2079-1153-136
2080-1190-148
2081-1227-159
2082-1264-171
2083-1300-182
2084-1337-194
2085-1374-206
2086-1410-218
2087-1446-230
2088-1483-242
2089-1520-255
2090-1557-267
2091-1595-281
2092-1633-294
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