Proposed Provision: E2.6. Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2021. 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 237 |
| 2023 | 217 | 225 |
| 2024 | 200 | 212 |
| 2025 | 183 | 198 |
| 2026 | 165 | 184 |
| 2027 | 148 | 169 |
| 2028 | 130 | 155 |
| 2029 | 112 | 140 |
| 2030 | 94 | 125 |
| 2031 | 76 | 110 |
| 2032 | 58 | 95 |
| 2033 | 39 | 80 |
| 2034 | 20 | 65 |
| 2035 | 1 | 49 |
| 2036 | -19 | 33 |
| 2037 | -38 | 17 |
| 2038 | -59 | 1 |
| 2039 | -80 | -16 |
| 2040 | -101 | -33 |
| 2041 | -122 | -50 |
| 2042 | -144 | -68 |
| 2043 | -166 | -85 |
| 2044 | -188 | -103 |
| 2045 | -210 | -121 |
| 2046 | -232 | -139 |
| 2047 | -255 | -157 |
| 2048 | -277 | -175 |
| 2049 | -299 | -193 |
| 2050 | -322 | -211 |
| 2051 | -344 | -229 |
| 2052 | -367 | -247 |
| 2053 | -389 | -265 |
| 2054 | -412 | -284 |
| 2055 | -434 | -302 |
| 2056 | -457 | -321 |
| 2057 | -480 | -340 |
| 2058 | -504 | -359 |
| 2059 | -527 | -378 |
| 2060 | -551 | -397 |
| 2061 | -575 | -417 |
| 2062 | -599 | -437 |
| 2063 | -624 | -458 |
| 2064 | -650 | -479 |
| 2065 | -676 | -501 |
| 2066 | -702 | -522 |
| 2067 | -728 | -544 |
| 2068 | -755 | -567 |
| 2069 | -782 | -590 |
| 2070 | -809 | -613 |
| 2071 | -837 | -636 |
| 2072 | -866 | -661 |
| 2073 | -895 | -685 |
| 2074 | -925 | -710 |
| 2075 | -955 | -736 |
| 2076 | -986 | -762 |
| 2077 | -1018 | -789 |
| 2078 | -1051 | -817 |
| 2079 | -1084 | -845 |
| 2080 | -1119 | -874 |
| 2081 | -1154 | -904 |
| 2082 | -1190 | -934 |
| 2083 | -1226 | -964 |
| 2084 | -1263 | -995 |
| 2085 | -1300 | -1026 |
| 2086 | -1337 | -1058 |
| 2087 | -1374 | -1089 |
| 2088 | -1411 | -1120 |
| 2089 | -1448 | -1150 |
| 2090 | -1484 | -1181 |
| 2091 | -1520 | -1210 |
| 2092 | -1554 | -1240 |
| 2093 | -1589 | -1268 |
| 2094 | -1623 | -1297 |
| 2095 | -1657 | -1325 |
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