Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2018 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 277 |
2019 | 262 | 262 |
2020 | 246 | 247 |
2021 | 231 | 233 |
2022 | 216 | 218 |
2023 | 200 | 203 |
2024 | 183 | 188 |
2025 | 165 | 172 |
2026 | 149 | 157 |
2027 | 132 | 142 |
2028 | 115 | 128 |
2029 | 98 | 113 |
2030 | 81 | 98 |
2031 | 64 | 84 |
2032 | 46 | 69 |
2033 | 27 | 54 |
2034 | 8 | 38 |
2035 | -11 | 23 |
2036 | -30 | 7 |
2037 | -50 | -9 |
2038 | -71 | -25 |
2039 | -91 | -42 |
2040 | -112 | -58 |
2041 | -133 | -74 |
2042 | -154 | -91 |
2043 | -176 | -107 |
2044 | -197 | -123 |
2045 | -218 | -139 |
2046 | -240 | -154 |
2047 | -262 | -170 |
2048 | -283 | -186 |
2049 | -305 | -202 |
2050 | -327 | -217 |
2051 | -349 | -233 |
2052 | -371 | -248 |
2053 | -393 | -263 |
2054 | -415 | -279 |
2055 | -437 | -294 |
2056 | -460 | -310 |
2057 | -482 | -326 |
2058 | -506 | -342 |
2059 | -529 | -359 |
2060 | -553 | -376 |
2061 | -578 | -393 |
2062 | -603 | -411 |
2063 | -628 | -430 |
2064 | -654 | -448 |
2065 | -680 | -468 |
2066 | -706 | -487 |
2067 | -733 | -507 |
2068 | -760 | -527 |
2069 | -788 | -548 |
2070 | -816 | -569 |
2071 | -845 | -590 |
2072 | -874 | -613 |
2073 | -905 | -635 |
2074 | -935 | -659 |
2075 | -967 | -683 |
2076 | -1000 | -708 |
2077 | -1033 | -733 |
2078 | -1068 | -759 |
2079 | -1102 | -786 |
2080 | -1138 | -812 |
2081 | -1173 | -839 |
2082 | -1208 | -866 |
2083 | -1243 | -893 |
2084 | -1279 | -920 |
2085 | -1314 | -946 |
2086 | -1349 | -973 |
2087 | -1384 | -1000 |
2088 | -1419 | -1028 |
2089 | -1455 | -1055 |
2090 | -1491 | -1083 |
2091 | -1528 | -1112 |
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