Proposed Provision: E3.14. Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning in 2026. For the employee payroll tax (6.2 percent) and for benefit credit purposes, beginning in 2026, increase the taxable maximum by an additional 2 percent per year until taxable earnings equal 90 percent of covered earnings.

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

Year Current Law Provision
2025169169
2026149149
2027131139
2028113129
202995119
203078109
203160100
20324390
20332681
2034973
2035-964
2036-2755
2037-4546
2038-6336
2039-8327
2040-10217
2041-1227
2042-143-3
2043-164-14
2044-185-24
2045-206-35
2046-228-45
2047-250-56
2048-272-67
2049-295-78
2050-317-89
2051-340-101
2052-363-112
2053-386-124
2054-409-136
2055-433-148
2056-457-161
2057-481-174
2058-505-187
2059-530-201
2060-556-215
2061-582-230
2062-609-245
2063-636-261
2064-664-277
2065-692-293
2066-721-310
2067-750-327
2068-780-345
2069-810-363
2070-840-382
2071-871-401
2072-903-420
2073-935-440
2074-967-461
2075-1000-482
2076-1035-504
2077-1070-526
2078-1106-549
2079-1142-572
2080-1180-596
2081-1219-621
2082-1258-646
2083-1298-671
2084-1338-697
2085-1380-724
2086-1423-751
2087-1466-778
2088-1510-806
2089-1554-833
2090-1599-861
2091-1643-889
2092-1687-916
2093-1731-943
2094-1774-970
2095-1816-996
2096-1858-1023
2097-1900-1049
2098-1941-1075
2099-1982-1100
2100-2022-1126
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