Proposed Provision: Apply a 6 percent payroll tax on earnings above the current-law taxable maximum starting in 2015. 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 |
Present Law |
Provision |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 300 |
| 2017 | 277 | 293 |
| 2018 | 262 | 286 |
| 2019 | 248 | 280 |
| 2020 | 233 | 272 |
| 2021 | 219 | 265 |
| 2022 | 203 | 257 |
| 2023 | 187 | 247 |
| 2024 | 171 | 237 |
| 2025 | 154 | 227 |
| 2026 | 137 | 216 |
| 2027 | 119 | 205 |
| 2028 | 101 | 194 |
| 2029 | 83 | 183 |
| 2030 | 64 | 171 |
| 2031 | 44 | 158 |
| 2032 | 23 | 145 |
| 2033 | 2 | 132 |
| 2034 | -20 | 118 |
| 2035 | -42 | 104 |
| 2036 | -65 | 89 |
| 2037 | -88 | 75 |
| 2038 | -112 | 60 |
| 2039 | -136 | 45 |
| 2040 | -160 | 30 |
| 2041 | -185 | 15 |
| 2042 | -210 | 0 |
| 2043 | -235 | -15 |
| 2044 | -260 | -30 |
| 2045 | -285 | -46 |
| 2046 | -310 | -61 |
| 2047 | -336 | -76 |
| 2048 | -362 | -92 |
| 2049 | -388 | -108 |
| 2050 | -415 | -123 |
| 2051 | -442 | -139 |
| 2052 | -468 | -156 |
| 2053 | -495 | -172 |
| 2054 | -523 | -188 |
| 2055 | -550 | -205 |
| 2056 | -578 | -222 |
| 2057 | -606 | -240 |
| 2058 | -635 | -258 |
| 2059 | -664 | -276 |
| 2060 | -694 | -295 |
| 2061 | -725 | -314 |
| 2062 | -756 | -333 |
| 2063 | -787 | -353 |
| 2064 | -819 | -373 |
| 2065 | -852 | -394 |
| 2066 | -885 | -415 |
| 2067 | -918 | -437 |
| 2068 | -952 | -459 |
| 2069 | -987 | -481 |
| 2070 | -1022 | -504 |
| 2071 | -1057 | -528 |
| 2072 | -1094 | -552 |
| 2073 | -1132 | -576 |
| 2074 | -1171 | -601 |
| 2075 | -1210 | -627 |
| 2076 | -1251 | -654 |
| 2077 | -1293 | -681 |
| 2078 | -1335 | -708 |
| 2079 | -1378 | -736 |
| 2080 | -1421 | -764 |
| 2081 | -1464 | -792 |
| 2082 | -1507 | -820 |
| 2083 | -1550 | -848 |
| 2084 | -1593 | -877 |
| 2085 | -1636 | -905 |
| 2086 | -1680 | -934 |
| 2087 | -1724 | -964 |
| 2088 | -1769 | -993 |
| 2089 | -1814 | -1024 |
back