Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2024-2033). 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 |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 169 |
| 2026 | 149 | 152 |
| 2027 | 131 | 137 |
| 2028 | 114 | 122 |
| 2029 | 96 | 108 |
| 2030 | 78 | 95 |
| 2031 | 60 | 82 |
| 2032 | 43 | 70 |
| 2033 | 25 | 57 |
| 2034 | 7 | 45 |
| 2035 | -12 | 33 |
| 2036 | -31 | 21 |
| 2037 | -51 | 8 |
| 2038 | -70 | -6 |
| 2039 | -91 | -19 |
| 2040 | -112 | -33 |
| 2041 | -133 | -48 |
| 2042 | -154 | -62 |
| 2043 | -176 | -77 |
| 2044 | -198 | -92 |
| 2045 | -220 | -108 |
| 2046 | -243 | -123 |
| 2047 | -265 | -139 |
| 2048 | -288 | -155 |
| 2049 | -311 | -171 |
| 2050 | -333 | -187 |
| 2051 | -357 | -203 |
| 2052 | -380 | -220 |
| 2053 | -403 | -237 |
| 2054 | -427 | -254 |
| 2055 | -450 | -271 |
| 2056 | -474 | -289 |
| 2057 | -498 | -307 |
| 2058 | -522 | -325 |
| 2059 | -547 | -344 |
| 2060 | -572 | -363 |
| 2061 | -597 | -383 |
| 2062 | -623 | -403 |
| 2063 | -650 | -424 |
| 2064 | -677 | -446 |
| 2065 | -705 | -468 |
| 2066 | -733 | -490 |
| 2067 | -762 | -513 |
| 2068 | -791 | -536 |
| 2069 | -820 | -560 |
| 2070 | -850 | -584 |
| 2071 | -880 | -608 |
| 2072 | -911 | -633 |
| 2073 | -942 | -659 |
| 2074 | -974 | -685 |
| 2075 | -1006 | -711 |
| 2076 | -1039 | -739 |
| 2077 | -1074 | -767 |
| 2078 | -1108 | -795 |
| 2079 | -1144 | -825 |
| 2080 | -1181 | -855 |
| 2081 | -1218 | -886 |
| 2082 | -1256 | -917 |
| 2083 | -1294 | -948 |
| 2084 | -1333 | -981 |
| 2085 | -1373 | -1013 |
| 2086 | -1413 | -1046 |
| 2087 | -1453 | -1079 |
| 2088 | -1494 | -1112 |
| 2089 | -1534 | -1145 |
| 2090 | -1574 | -1177 |
| 2091 | -1613 | -1210 |
| 2092 | -1651 | -1241 |
| 2093 | -1689 | -1272 |
| 2094 | -1726 | -1303 |
| 2095 | -1762 | -1333 |
| 2096 | -1798 | -1362 |
| 2097 | -1833 | -1391 |
| 2098 | -1868 | -1420 |
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