Proposed Provision: Beginning in 2022, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2022. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 277 |
| 2018 | 262 | 262 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 203 | 203 |
| 2023 | 187 | 189 |
| 2024 | 171 | 174 |
| 2025 | 154 | 158 |
| 2026 | 137 | 142 |
| 2027 | 119 | 126 |
| 2028 | 101 | 109 |
| 2029 | 83 | 92 |
| 2030 | 64 | 74 |
| 2031 | 44 | 55 |
| 2032 | 23 | 36 |
| 2033 | 2 | 16 |
| 2034 | -20 | -4 |
| 2035 | -42 | -25 |
| 2036 | -65 | -47 |
| 2037 | -88 | -68 |
| 2038 | -112 | -91 |
| 2039 | -136 | -113 |
| 2040 | -160 | -136 |
| 2041 | -185 | -159 |
| 2042 | -210 | -182 |
| 2043 | -235 | -205 |
| 2044 | -260 | -229 |
| 2045 | -285 | -252 |
| 2046 | -310 | -276 |
| 2047 | -336 | -300 |
| 2048 | -362 | -324 |
| 2049 | -388 | -349 |
| 2050 | -415 | -374 |
| 2051 | -442 | -398 |
| 2052 | -468 | -423 |
| 2053 | -495 | -449 |
| 2054 | -523 | -474 |
| 2055 | -550 | -500 |
| 2056 | -578 | -526 |
| 2057 | -606 | -552 |
| 2058 | -635 | -579 |
| 2059 | -664 | -607 |
| 2060 | -694 | -635 |
| 2061 | -725 | -663 |
| 2062 | -756 | -692 |
| 2063 | -787 | -722 |
| 2064 | -819 | -752 |
| 2065 | -852 | -782 |
| 2066 | -885 | -813 |
| 2067 | -918 | -845 |
| 2068 | -952 | -877 |
| 2069 | -987 | -909 |
| 2070 | -1022 | -942 |
| 2071 | -1057 | -976 |
| 2072 | -1094 | -1011 |
| 2073 | -1132 | -1046 |
| 2074 | -1171 | -1083 |
| 2075 | -1210 | -1120 |
| 2076 | -1251 | -1158 |
| 2077 | -1293 | -1197 |
| 2078 | -1335 | -1237 |
| 2079 | -1378 | -1277 |
| 2080 | -1421 | -1318 |
| 2081 | -1464 | -1358 |
| 2082 | -1507 | -1399 |
| 2083 | -1550 | -1440 |
| 2084 | -1593 | -1480 |
| 2085 | -1636 | -1521 |
| 2086 | -1680 | -1562 |
| 2087 | -1724 | -1604 |
| 2088 | -1769 | -1646 |
| 2089 | -1814 | -1689 |
back