Proposed Provision: Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning in 2015. For the employee payroll tax (6.2 percent) and for benefit credit purposes, beginning in 2015, increase the taxable maximum by an additional 2 percent per year until taxable earnings equal 90 percent of covered earnings.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2014320320
2015306306
2016292300
2017277294
2018262287
2019248281
2020233274
2021219267
2022203260
2023187251
2024171242
2025154233
2026137223
2027119213
2028101203
202983193
203064183
203144172
203223161
20332149
2034-20137
2035-42124
2036-65112
2037-8899
2038-11286
2039-13674
2040-16061
2041-18548
2042-21036
2043-23523
2044-26011
2045-285-2
2046-310-14
2047-336-27
2048-362-39
2049-388-52
2050-415-65
2051-442-77
2052-468-90
2053-495-104
2054-523-117
2055-550-130
2056-578-144
2057-606-159
2058-635-174
2059-664-189
2060-694-204
2061-725-220
2062-756-237
2063-787-253
2064-819-271
2065-852-288
2066-885-306
2067-918-325
2068-952-344
2069-987-363
2070-1022-383
2071-1057-403
2072-1094-424
2073-1132-445
2074-1171-467
2075-1210-490
2076-1251-513
2077-1293-536
2078-1335-560
2079-1378-585
2080-1421-609
2081-1464-634
2082-1507-658
2083-1550-683
2084-1593-708
2085-1636-734
2086-1680-759
2087-1724-785
2088-1769-812
2089-1814-839
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