Proposed Provision: E2.2. Eliminate the taxable maximum in years 2027 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 126 |
| 2029 | 92 | 123 |
| 2030 | 74 | 120 |
| 2031 | 57 | 117 |
| 2032 | 40 | 115 |
| 2033 | 23 | 113 |
| 2034 | 7 | 113 |
| 2035 | -9 | 112 |
| 2036 | -25 | 111 |
| 2037 | -41 | 109 |
| 2038 | -58 | 107 |
| 2039 | -76 | 105 |
| 2040 | -94 | 102 |
| 2041 | -112 | 98 |
| 2042 | -132 | 95 |
| 2043 | -151 | 91 |
| 2044 | -171 | 86 |
| 2045 | -192 | 81 |
| 2046 | -213 | 75 |
| 2047 | -234 | 69 |
| 2048 | -256 | 63 |
| 2049 | -279 | 56 |
| 2050 | -301 | 49 |
| 2051 | -324 | 41 |
| 2052 | -347 | 32 |
| 2053 | -371 | 23 |
| 2054 | -395 | 13 |
| 2055 | -420 | 2 |
| 2056 | -445 | -9 |
| 2057 | -470 | -21 |
| 2058 | -496 | -34 |
| 2059 | -522 | -47 |
| 2060 | -550 | -61 |
| 2061 | -578 | -76 |
| 2062 | -607 | -92 |
| 2063 | -636 | -108 |
| 2064 | -666 | -125 |
| 2065 | -697 | -143 |
| 2066 | -729 | -161 |
| 2067 | -761 | -180 |
| 2068 | -794 | -199 |
| 2069 | -827 | -220 |
| 2070 | -861 | -240 |
| 2071 | -896 | -262 |
| 2072 | -931 | -284 |
| 2073 | -967 | -306 |
| 2074 | -1004 | -330 |
| 2075 | -1042 | -354 |
| 2076 | -1081 | -379 |
| 2077 | -1121 | -404 |
| 2078 | -1162 | -431 |
| 2079 | -1204 | -458 |
| 2080 | -1248 | -486 |
| 2081 | -1292 | -514 |
| 2082 | -1337 | -543 |
| 2083 | -1384 | -573 |
| 2084 | -1431 | -603 |
| 2085 | -1480 | -634 |
| 2086 | -1530 | -666 |
| 2087 | -1581 | -698 |
| 2088 | -1633 | -731 |
| 2089 | -1686 | -765 |
| 2090 | -1740 | -799 |
| 2091 | -1795 | -833 |
| 2092 | -1850 | -868 |
| 2093 | -1906 | -903 |
| 2094 | -1962 | -938 |
| 2095 | -2019 | -974 |
| 2096 | -2075 | -1009 |
| 2097 | -2132 | -1045 |
| 2098 | -2189 | -1080 |
| 2099 | -2246 | -1116 |
| 2100 | -2303 | -1152 |
| 2101 | -2359 | -1188 |
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