Proposed Provision: E3.9. Beginning in 2030, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017 (about $331,800 in 2030), with the threshold wage-indexed after 2030. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 177 |
| 2026 | 160 | 160 |
| 2027 | 143 | 143 |
| 2028 | 126 | 126 |
| 2029 | 109 | 109 |
| 2030 | 91 | 91 |
| 2031 | 74 | 76 |
| 2032 | 57 | 60 |
| 2033 | 39 | 44 |
| 2034 | 21 | 28 |
| 2035 | 3 | 12 |
| 2036 | -16 | -5 |
| 2037 | -35 | -23 |
| 2038 | -54 | -40 |
| 2039 | -74 | -59 |
| 2040 | -95 | -77 |
| 2041 | -116 | -96 |
| 2042 | -137 | -115 |
| 2043 | -158 | -135 |
| 2044 | -180 | -155 |
| 2045 | -202 | -174 |
| 2046 | -224 | -195 |
| 2047 | -246 | -215 |
| 2048 | -268 | -235 |
| 2049 | -291 | -256 |
| 2050 | -313 | -277 |
| 2051 | -336 | -297 |
| 2052 | -359 | -319 |
| 2053 | -383 | -340 |
| 2054 | -406 | -361 |
| 2055 | -430 | -383 |
| 2056 | -453 | -405 |
| 2057 | -477 | -426 |
| 2058 | -501 | -449 |
| 2059 | -525 | -471 |
| 2060 | -550 | -494 |
| 2061 | -575 | -517 |
| 2062 | -601 | -541 |
| 2063 | -627 | -565 |
| 2064 | -654 | -590 |
| 2065 | -681 | -615 |
| 2066 | -708 | -640 |
| 2067 | -736 | -666 |
| 2068 | -764 | -692 |
| 2069 | -792 | -718 |
| 2070 | -821 | -745 |
| 2071 | -850 | -772 |
| 2072 | -880 | -800 |
| 2073 | -910 | -828 |
| 2074 | -940 | -856 |
| 2075 | -971 | -885 |
| 2076 | -1003 | -915 |
| 2077 | -1036 | -945 |
| 2078 | -1069 | -977 |
| 2079 | -1104 | -1009 |
| 2080 | -1139 | -1042 |
| 2081 | -1175 | -1075 |
| 2082 | -1212 | -1109 |
| 2083 | -1249 | -1144 |
| 2084 | -1286 | -1179 |
| 2085 | -1324 | -1214 |
| 2086 | -1363 | -1250 |
| 2087 | -1402 | -1287 |
| 2088 | -1442 | -1323 |
| 2089 | -1481 | -1359 |
| 2090 | -1520 | -1395 |
| 2091 | -1558 | -1431 |
| 2092 | -1595 | -1465 |
| 2093 | -1632 | -1499 |
| 2094 | -1668 | -1533 |
| 2095 | -1703 | -1566 |
| 2096 | -1738 | -1598 |
| 2097 | -1773 | -1630 |
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