Proposed Provision: E2.1. Eliminate the taxable maximum in years 2026 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not 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 |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 146 |
| 2028 | 113 | 143 |
| 2029 | 95 | 141 |
| 2030 | 78 | 138 |
| 2031 | 60 | 135 |
| 2032 | 43 | 132 |
| 2033 | 26 | 128 |
| 2034 | 9 | 126 |
| 2035 | -9 | 124 |
| 2036 | -27 | 121 |
| 2037 | -45 | 118 |
| 2038 | -63 | 115 |
| 2039 | -83 | 111 |
| 2040 | -102 | 108 |
| 2041 | -122 | 104 |
| 2042 | -143 | 100 |
| 2043 | -164 | 96 |
| 2044 | -185 | 92 |
| 2045 | -206 | 88 |
| 2046 | -228 | 84 |
| 2047 | -250 | 79 |
| 2048 | -272 | 75 |
| 2049 | -295 | 70 |
| 2050 | -317 | 65 |
| 2051 | -340 | 59 |
| 2052 | -363 | 53 |
| 2053 | -386 | 47 |
| 2054 | -409 | 41 |
| 2055 | -433 | 34 |
| 2056 | -457 | 27 |
| 2057 | -481 | 19 |
| 2058 | -505 | 11 |
| 2059 | -530 | 3 |
| 2060 | -556 | -6 |
| 2061 | -582 | -16 |
| 2062 | -609 | -25 |
| 2063 | -636 | -36 |
| 2064 | -664 | -46 |
| 2065 | -692 | -57 |
| 2066 | -721 | -68 |
| 2067 | -750 | -80 |
| 2068 | -780 | -92 |
| 2069 | -810 | -104 |
| 2070 | -840 | -117 |
| 2071 | -871 | -130 |
| 2072 | -903 | -144 |
| 2073 | -935 | -158 |
| 2074 | -967 | -172 |
| 2075 | -1000 | -187 |
| 2076 | -1035 | -202 |
| 2077 | -1070 | -218 |
| 2078 | -1106 | -234 |
| 2079 | -1142 | -250 |
| 2080 | -1180 | -267 |
| 2081 | -1219 | -284 |
| 2082 | -1258 | -301 |
| 2083 | -1298 | -318 |
| 2084 | -1338 | -336 |
| 2085 | -1380 | -354 |
| 2086 | -1423 | -372 |
| 2087 | -1466 | -390 |
| 2088 | -1510 | -408 |
| 2089 | -1554 | -427 |
| 2090 | -1599 | -445 |
| 2091 | -1643 | -463 |
| 2092 | -1687 | -480 |
| 2093 | -1731 | -498 |
| 2094 | -1774 | -515 |
| 2095 | -1816 | -532 |
| 2096 | -1858 | -549 |
| 2097 | -1900 | -565 |
| 2098 | -1941 | -582 |
| 2099 | -1982 | -598 |
| 2100 | -2022 | -614 |
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