Proposed Provision: E3.9. Beginning in 2027, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $288,600 in 2027), with the threshold wage-indexed after 2027. Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130132
2029114117
203097102
20318087
20326371
20334656
20342840
20351023
2036-96
2037-28-11
2038-47-29
2039-67-47
2040-87-65
2041-108-84
2042-129-103
2043-150-122
2044-171-141
2045-192-160
2046-213-179
2047-234-198
2048-255-217
2049-276-236
2050-297-255
2051-318-274
2052-338-293
2053-359-312
2054-380-331
2055-401-350
2056-422-369
2057-444-388
2058-465-407
2059-487-427
2060-509-447
2061-531-467
2062-554-488
2063-577-509
2064-601-531
2065-625-553
2066-649-575
2067-674-598
2068-699-621
2069-724-644
2070-749-667
2071-776-691
2072-802-716
2073-830-741
2074-857-767
2075-885-793
2076-914-820
2077-944-847
2078-975-875
2079-1007-905
2080-1039-935
2081-1072-965
2082-1106-996
2083-1139-1027
2084-1173-1058
2085-1207-1089
2086-1242-1121
2087-1275-1152
2088-1309-1183
2089-1342-1213
2090-1375-1243
2091-1407-1273
2092-1439-1302
2093-1471-1332
2094-1503-1361
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