Proposed Provision: Beginning in 2020, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2020. Do not provide benefit credit for additional earnings taxed.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277277
2018265265
2019253253
2020240240
2021227229
2022212216
2023197203
2024181188
2025164173
2026147158
2027129142
2028110124
202990107
20307088
20314969
20322749
2033528
2034-187
2035-41-14
2036-65-36
2037-89-58
2038-114-80
2039-138-103
2040-163-126
2041-189-149
2042-215-173
2043-240-196
2044-266-220
2045-292-243
2046-319-268
2047-346-292
2048-373-317
2049-400-341
2050-428-366
2051-456-392
2052-484-417
2053-512-443
2054-540-468
2055-569-494
2056-598-521
2057-628-548
2058-657-575
2059-688-602
2060-719-631
2061-750-659
2062-782-688
2063-814-717
2064-847-747
2065-880-777
2066-913-807
2067-946-837
2068-980-868
2069-1014-899
2070-1049-930
2071-1084-962
2072-1120-995
2073-1156-1028
2074-1193-1061
2075-1230-1095
2076-1268-1130
2077-1307-1165
2078-1346-1201
2079-1385-1237
2080-1425-1273
2081-1465-1310
2082-1505-1347
2083-1547-1384
2084-1588-1423
2085-1631-1461
2086-1673-1501
2087-1717-1540
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