Proposed Provision: E2.8. Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2021-2068, and a 3 percent rate for years 2069 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 |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 239 |
| 2022 | 223 | 225 |
| 2023 | 206 | 211 |
| 2024 | 188 | 196 |
| 2025 | 171 | 181 |
| 2026 | 154 | 166 |
| 2027 | 137 | 152 |
| 2028 | 120 | 137 |
| 2029 | 104 | 123 |
| 2030 | 86 | 108 |
| 2031 | 69 | 93 |
| 2032 | 51 | 77 |
| 2033 | 33 | 61 |
| 2034 | 14 | 45 |
| 2035 | -5 | 28 |
| 2036 | -25 | 11 |
| 2037 | -46 | -7 |
| 2038 | -67 | -25 |
| 2039 | -88 | -44 |
| 2040 | -110 | -62 |
| 2041 | -132 | -82 |
| 2042 | -154 | -101 |
| 2043 | -176 | -120 |
| 2044 | -199 | -140 |
| 2045 | -221 | -159 |
| 2046 | -244 | -178 |
| 2047 | -267 | -198 |
| 2048 | -289 | -217 |
| 2049 | -312 | -237 |
| 2050 | -335 | -257 |
| 2051 | -358 | -276 |
| 2052 | -381 | -296 |
| 2053 | -403 | -315 |
| 2054 | -426 | -335 |
| 2055 | -450 | -355 |
| 2056 | -473 | -375 |
| 2057 | -496 | -395 |
| 2058 | -520 | -416 |
| 2059 | -544 | -437 |
| 2060 | -569 | -458 |
| 2061 | -594 | -480 |
| 2062 | -619 | -502 |
| 2063 | -645 | -524 |
| 2064 | -671 | -547 |
| 2065 | -698 | -570 |
| 2066 | -725 | -594 |
| 2067 | -752 | -618 |
| 2068 | -780 | -643 |
| 2069 | -808 | -667 |
| 2070 | -837 | -692 |
| 2071 | -866 | -716 |
| 2072 | -896 | -742 |
| 2073 | -927 | -767 |
| 2074 | -958 | -794 |
| 2075 | -990 | -821 |
| 2076 | -1023 | -849 |
| 2077 | -1057 | -878 |
| 2078 | -1092 | -907 |
| 2079 | -1128 | -938 |
| 2080 | -1165 | -969 |
| 2081 | -1202 | -1000 |
| 2082 | -1240 | -1032 |
| 2083 | -1278 | -1064 |
| 2084 | -1316 | -1096 |
| 2085 | -1354 | -1129 |
| 2086 | -1392 | -1161 |
| 2087 | -1430 | -1193 |
| 2088 | -1468 | -1225 |
| 2089 | -1505 | -1256 |
| 2090 | -1543 | -1288 |
| 2091 | -1580 | -1320 |
| 2092 | -1618 | -1351 |
| 2093 | -1655 | -1383 |
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