Proposed Provision: E3.13. Beginning in 2026, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $558,900 in 2026), with the threshold wage-indexed after 2026. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 239 |
| 2022 | 223 | 223 |
| 2023 | 206 | 206 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 154 | 154 |
| 2027 | 137 | 138 |
| 2028 | 120 | 122 |
| 2029 | 104 | 107 |
| 2030 | 86 | 90 |
| 2031 | 69 | 74 |
| 2032 | 51 | 57 |
| 2033 | 33 | 40 |
| 2034 | 14 | 22 |
| 2035 | -5 | 4 |
| 2036 | -25 | -15 |
| 2037 | -46 | -35 |
| 2038 | -67 | -55 |
| 2039 | -88 | -75 |
| 2040 | -110 | -96 |
| 2041 | -132 | -116 |
| 2042 | -154 | -138 |
| 2043 | -176 | -159 |
| 2044 | -199 | -180 |
| 2045 | -221 | -201 |
| 2046 | -244 | -223 |
| 2047 | -267 | -244 |
| 2048 | -289 | -266 |
| 2049 | -312 | -287 |
| 2050 | -335 | -309 |
| 2051 | -358 | -330 |
| 2052 | -381 | -352 |
| 2053 | -403 | -373 |
| 2054 | -426 | -395 |
| 2055 | -450 | -417 |
| 2056 | -473 | -439 |
| 2057 | -496 | -461 |
| 2058 | -520 | -484 |
| 2059 | -544 | -506 |
| 2060 | -569 | -530 |
| 2061 | -594 | -553 |
| 2062 | -619 | -577 |
| 2063 | -645 | -602 |
| 2064 | -671 | -627 |
| 2065 | -698 | -652 |
| 2066 | -725 | -678 |
| 2067 | -752 | -704 |
| 2068 | -780 | -731 |
| 2069 | -808 | -758 |
| 2070 | -837 | -785 |
| 2071 | -866 | -813 |
| 2072 | -896 | -841 |
| 2073 | -927 | -871 |
| 2074 | -958 | -900 |
| 2075 | -990 | -931 |
| 2076 | -1023 | -962 |
| 2077 | -1057 | -995 |
| 2078 | -1092 | -1028 |
| 2079 | -1128 | -1062 |
| 2080 | -1165 | -1097 |
| 2081 | -1202 | -1133 |
| 2082 | -1240 | -1169 |
| 2083 | -1278 | -1205 |
| 2084 | -1316 | -1241 |
| 2085 | -1354 | -1278 |
| 2086 | -1392 | -1314 |
| 2087 | -1430 | -1350 |
| 2088 | -1468 | -1386 |
| 2089 | -1505 | -1422 |
| 2090 | -1543 | -1458 |
| 2091 | -1580 | -1493 |
| 2092 | -1618 | -1529 |
| 2093 | -1655 | -1565 |
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