Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2019-2028). Provide benefit credit for earnings up to the revised taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 257 |
| 2021 | 239 | 242 |
| 2022 | 223 | 228 |
| 2023 | 206 | 214 |
| 2024 | 188 | 201 |
| 2025 | 171 | 188 |
| 2026 | 154 | 175 |
| 2027 | 137 | 163 |
| 2028 | 120 | 152 |
| 2029 | 104 | 141 |
| 2030 | 86 | 129 |
| 2031 | 69 | 118 |
| 2032 | 51 | 106 |
| 2033 | 33 | 94 |
| 2034 | 14 | 81 |
| 2035 | -5 | 68 |
| 2036 | -25 | 54 |
| 2037 | -46 | 40 |
| 2038 | -67 | 26 |
| 2039 | -88 | 11 |
| 2040 | -110 | -4 |
| 2041 | -132 | -19 |
| 2042 | -154 | -34 |
| 2043 | -176 | -49 |
| 2044 | -199 | -65 |
| 2045 | -221 | -80 |
| 2046 | -244 | -95 |
| 2047 | -267 | -110 |
| 2048 | -289 | -126 |
| 2049 | -312 | -141 |
| 2050 | -335 | -157 |
| 2051 | -358 | -172 |
| 2052 | -381 | -188 |
| 2053 | -403 | -203 |
| 2054 | -426 | -219 |
| 2055 | -450 | -235 |
| 2056 | -473 | -251 |
| 2057 | -496 | -268 |
| 2058 | -520 | -284 |
| 2059 | -544 | -301 |
| 2060 | -569 | -319 |
| 2061 | -594 | -337 |
| 2062 | -619 | -355 |
| 2063 | -645 | -374 |
| 2064 | -671 | -393 |
| 2065 | -698 | -412 |
| 2066 | -725 | -432 |
| 2067 | -752 | -453 |
| 2068 | -780 | -473 |
| 2069 | -808 | -495 |
| 2070 | -837 | -516 |
| 2071 | -866 | -538 |
| 2072 | -896 | -561 |
| 2073 | -927 | -584 |
| 2074 | -958 | -608 |
| 2075 | -990 | -632 |
| 2076 | -1023 | -657 |
| 2077 | -1057 | -683 |
| 2078 | -1092 | -710 |
| 2079 | -1128 | -737 |
| 2080 | -1165 | -765 |
| 2081 | -1202 | -793 |
| 2082 | -1240 | -821 |
| 2083 | -1278 | -850 |
| 2084 | -1316 | -879 |
| 2085 | -1354 | -908 |
| 2086 | -1392 | -937 |
| 2087 | -1430 | -966 |
| 2088 | -1468 | -994 |
| 2089 | -1505 | -1023 |
| 2090 | -1543 | -1052 |
| 2091 | -1580 | -1080 |
| 2092 | -1618 | -1109 |
| 2093 | -1655 | -1138 |
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