Proposed Provision: E2.8. Apply a 2 percent payroll tax on earnings above the current-law taxable maximum for years 2019-2066, and a 3 percent rate for years 2067 and later. 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 |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 262 |
| 2020 | 246 | 249 |
| 2021 | 231 | 237 |
| 2022 | 216 | 224 |
| 2023 | 200 | 210 |
| 2024 | 183 | 196 |
| 2025 | 165 | 181 |
| 2026 | 149 | 166 |
| 2027 | 132 | 152 |
| 2028 | 115 | 137 |
| 2029 | 98 | 122 |
| 2030 | 81 | 108 |
| 2031 | 64 | 93 |
| 2032 | 46 | 78 |
| 2033 | 27 | 62 |
| 2034 | 8 | 46 |
| 2035 | -11 | 29 |
| 2036 | -30 | 12 |
| 2037 | -50 | -5 |
| 2038 | -71 | -22 |
| 2039 | -91 | -40 |
| 2040 | -112 | -58 |
| 2041 | -133 | -76 |
| 2042 | -154 | -94 |
| 2043 | -176 | -112 |
| 2044 | -197 | -131 |
| 2045 | -218 | -149 |
| 2046 | -240 | -167 |
| 2047 | -262 | -186 |
| 2048 | -283 | -204 |
| 2049 | -305 | -223 |
| 2050 | -327 | -241 |
| 2051 | -349 | -260 |
| 2052 | -371 | -278 |
| 2053 | -393 | -297 |
| 2054 | -415 | -316 |
| 2055 | -437 | -335 |
| 2056 | -460 | -354 |
| 2057 | -482 | -374 |
| 2058 | -506 | -394 |
| 2059 | -529 | -414 |
| 2060 | -553 | -435 |
| 2061 | -578 | -456 |
| 2062 | -603 | -477 |
| 2063 | -628 | -499 |
| 2064 | -654 | -522 |
| 2065 | -680 | -544 |
| 2066 | -706 | -567 |
| 2067 | -733 | -591 |
| 2068 | -760 | -613 |
| 2069 | -788 | -636 |
| 2070 | -816 | -660 |
| 2071 | -845 | -684 |
| 2072 | -874 | -709 |
| 2073 | -905 | -734 |
| 2074 | -935 | -760 |
| 2075 | -967 | -786 |
| 2076 | -1000 | -814 |
| 2077 | -1033 | -842 |
| 2078 | -1068 | -870 |
| 2079 | -1102 | -899 |
| 2080 | -1138 | -929 |
| 2081 | -1173 | -958 |
| 2082 | -1208 | -988 |
| 2083 | -1243 | -1018 |
| 2084 | -1279 | -1047 |
| 2085 | -1314 | -1076 |
| 2086 | -1349 | -1106 |
| 2087 | -1384 | -1135 |
| 2088 | -1419 | -1165 |
| 2089 | -1455 | -1195 |
| 2090 | -1491 | -1226 |
| 2091 | -1528 | -1257 |
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