Proposed Provision: Impose a 3 percent payroll tax on OASDI covered earnings above the current taxable maximum starting in 2010. Benefit computations would not reflect any earnings above the taxable maximum amount.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2009 | 354 | 354 |
| 2010 | 360 | 360 |
| 2011 | 366 | 370 |
| 2012 | 369 | 377 |
| 2013 | 367 | 379 |
| 2014 | 364 | 380 |
| 2015 | 359 | 379 |
| 2016 | 354 | 377 |
| 2017 | 347 | 373 |
| 2018 | 338 | 368 |
| 2019 | 327 | 361 |
| 2020 | 315 | 352 |
| 2021 | 302 | 343 |
| 2022 | 289 | 333 |
| 2023 | 275 | 322 |
| 2024 | 260 | 310 |
| 2025 | 244 | 298 |
| 2026 | 227 | 285 |
| 2027 | 209 | 271 |
| 2028 | 191 | 256 |
| 2029 | 173 | 241 |
| 2030 | 153 | 226 |
| 2031 | 133 | 210 |
| 2032 | 113 | 193 |
| 2033 | 92 | 177 |
| 2034 | 71 | 160 |
| 2035 | 50 | 143 |
| 2036 | 29 | 126 |
| 2037 | 7 | 108 |
| 2038 | -16 | 91 |
| 2039 | -38 | 73 |
| 2040 | -61 | 56 |
| 2041 | -83 | 38 |
| 2042 | -106 | 21 |
| 2043 | -129 | 3 |
| 2044 | -152 | -14 |
| 2045 | -175 | -32 |
| 2046 | -199 | -50 |
| 2047 | -222 | -68 |
| 2048 | -246 | -86 |
| 2049 | -270 | -104 |
| 2050 | -294 | -122 |
| 2051 | -318 | -140 |
| 2052 | -342 | -158 |
| 2053 | -366 | -177 |
| 2054 | -391 | -195 |
| 2055 | -415 | -214 |
| 2056 | -440 | -233 |
| 2057 | -466 | -252 |
| 2058 | -491 | -272 |
| 2059 | -517 | -292 |
| 2060 | -544 | -312 |
| 2061 | -570 | -333 |
| 2062 | -598 | -354 |
| 2063 | -625 | -375 |
| 2064 | -653 | -396 |
| 2065 | -681 | -418 |
| 2066 | -710 | -440 |
| 2067 | -739 | -463 |
| 2068 | -768 | -486 |
| 2069 | -798 | -509 |
| 2070 | -828 | -533 |
| 2071 | -859 | -557 |
| 2072 | -890 | -581 |
| 2073 | -922 | -606 |
| 2074 | -954 | -631 |
| 2075 | -987 | -657 |
| 2076 | -1020 | -684 |
| 2077 | -1054 | -710 |
| 2078 | -1089 | -738 |
| 2079 | -1124 | -765 |
| 2080 | -1159 | -794 |
| 2081 | -1195 | -823 |
| 2082 | -1232 | -852 |
| 2083 | -1270 | -882 |
| 2084 | -1308 | -912 |
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