Proposed Provision: E3.13. Beginning in 2027, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017 (about $576,900 in 2027), with the threshold wage-indexed after 2027. Do not provide benefit credit for additional earnings taxed.

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

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130131
2029114116
203097100
20318084
20326368
20334652
20342835
20351018
2036-90
2037-28-18
2038-47-36
2039-67-55
2040-87-74
2041-108-94
2042-129-113
2043-150-133
2044-171-153
2045-192-173
2046-213-193
2047-234-213
2048-255-232
2049-276-252
2050-297-272
2051-318-292
2052-338-311
2053-359-331
2054-380-351
2055-401-371
2056-422-390
2057-444-411
2058-465-431
2059-487-451
2060-509-472
2061-531-493
2062-554-515
2063-577-537
2064-601-559
2065-625-582
2066-649-605
2067-674-628
2068-699-652
2069-724-676
2070-749-701
2071-776-726
2072-802-751
2073-830-777
2074-857-803
2075-885-830
2076-914-858
2077-944-886
2078-975-916
2079-1007-946
2080-1039-977
2081-1072-1008
2082-1106-1040
2083-1139-1072
2084-1173-1104
2085-1207-1137
2086-1242-1170
2087-1275-1202
2088-1309-1234
2089-1342-1265
2090-1375-1296
2091-1407-1327
2092-1439-1358
2093-1471-1388
2094-1503-1419
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