Proposed Provision: E3.11. Beginning in 2027, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017 (about $432,600 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 |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 229 |
| 2023 | 213 | 213 |
| 2024 | 197 | 197 |
| 2025 | 180 | 180 |
| 2026 | 163 | 163 |
| 2027 | 147 | 147 |
| 2028 | 130 | 131 |
| 2029 | 114 | 116 |
| 2030 | 97 | 101 |
| 2031 | 80 | 85 |
| 2032 | 63 | 69 |
| 2033 | 46 | 53 |
| 2034 | 28 | 37 |
| 2035 | 10 | 20 |
| 2036 | -9 | 2 |
| 2037 | -28 | -16 |
| 2038 | -47 | -34 |
| 2039 | -67 | -52 |
| 2040 | -87 | -71 |
| 2041 | -108 | -90 |
| 2042 | -129 | -110 |
| 2043 | -150 | -129 |
| 2044 | -171 | -149 |
| 2045 | -192 | -168 |
| 2046 | -213 | -188 |
| 2047 | -234 | -207 |
| 2048 | -255 | -227 |
| 2049 | -276 | -246 |
| 2050 | -297 | -266 |
| 2051 | -318 | -285 |
| 2052 | -338 | -305 |
| 2053 | -359 | -324 |
| 2054 | -380 | -344 |
| 2055 | -401 | -363 |
| 2056 | -422 | -383 |
| 2057 | -444 | -403 |
| 2058 | -465 | -423 |
| 2059 | -487 | -443 |
| 2060 | -509 | -463 |
| 2061 | -531 | -484 |
| 2062 | -554 | -506 |
| 2063 | -577 | -527 |
| 2064 | -601 | -549 |
| 2065 | -625 | -572 |
| 2066 | -649 | -595 |
| 2067 | -674 | -618 |
| 2068 | -699 | -641 |
| 2069 | -724 | -665 |
| 2070 | -749 | -689 |
| 2071 | -776 | -714 |
| 2072 | -802 | -739 |
| 2073 | -830 | -764 |
| 2074 | -857 | -791 |
| 2075 | -885 | -817 |
| 2076 | -914 | -845 |
| 2077 | -944 | -873 |
| 2078 | -975 | -902 |
| 2079 | -1007 | -932 |
| 2080 | -1039 | -962 |
| 2081 | -1072 | -993 |
| 2082 | -1106 | -1025 |
| 2083 | -1139 | -1056 |
| 2084 | -1173 | -1088 |
| 2085 | -1207 | -1120 |
| 2086 | -1242 | -1152 |
| 2087 | -1275 | -1184 |
| 2088 | -1309 | -1216 |
| 2089 | -1342 | -1247 |
| 2090 | -1375 | -1278 |
| 2091 | -1407 | -1308 |
| 2092 | -1439 | -1338 |
| 2093 | -1471 | -1368 |
| 2094 | -1503 | -1399 |
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