Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2021-2030). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 234 |
| 2023 | 217 | 220 |
| 2024 | 200 | 205 |
| 2025 | 183 | 191 |
| 2026 | 165 | 177 |
| 2027 | 148 | 164 |
| 2028 | 130 | 151 |
| 2029 | 112 | 138 |
| 2030 | 94 | 125 |
| 2031 | 76 | 113 |
| 2032 | 58 | 100 |
| 2033 | 39 | 88 |
| 2034 | 20 | 75 |
| 2035 | 1 | 62 |
| 2036 | -19 | 49 |
| 2037 | -38 | 36 |
| 2038 | -59 | 22 |
| 2039 | -80 | 8 |
| 2040 | -101 | -7 |
| 2041 | -122 | -21 |
| 2042 | -144 | -36 |
| 2043 | -166 | -51 |
| 2044 | -188 | -65 |
| 2045 | -210 | -80 |
| 2046 | -232 | -95 |
| 2047 | -255 | -110 |
| 2048 | -277 | -125 |
| 2049 | -299 | -140 |
| 2050 | -322 | -155 |
| 2051 | -344 | -170 |
| 2052 | -367 | -186 |
| 2053 | -389 | -201 |
| 2054 | -412 | -216 |
| 2055 | -434 | -232 |
| 2056 | -457 | -247 |
| 2057 | -480 | -263 |
| 2058 | -504 | -279 |
| 2059 | -527 | -295 |
| 2060 | -551 | -312 |
| 2061 | -575 | -329 |
| 2062 | -599 | -346 |
| 2063 | -624 | -364 |
| 2064 | -650 | -382 |
| 2065 | -676 | -400 |
| 2066 | -702 | -419 |
| 2067 | -728 | -438 |
| 2068 | -755 | -457 |
| 2069 | -782 | -477 |
| 2070 | -809 | -497 |
| 2071 | -837 | -518 |
| 2072 | -866 | -539 |
| 2073 | -895 | -560 |
| 2074 | -925 | -582 |
| 2075 | -955 | -604 |
| 2076 | -986 | -627 |
| 2077 | -1018 | -651 |
| 2078 | -1051 | -675 |
| 2079 | -1084 | -700 |
| 2080 | -1119 | -725 |
| 2081 | -1154 | -751 |
| 2082 | -1190 | -777 |
| 2083 | -1226 | -803 |
| 2084 | -1263 | -830 |
| 2085 | -1300 | -857 |
| 2086 | -1337 | -884 |
| 2087 | -1374 | -911 |
| 2088 | -1411 | -938 |
| 2089 | -1448 | -964 |
| 2090 | -1484 | -990 |
| 2091 | -1520 | -1016 |
| 2092 | -1554 | -1041 |
| 2093 | -1589 | -1066 |
| 2094 | -1623 | -1091 |
| 2095 | -1657 | -1116 |
back