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
2034972
2035-963
2036-2754
2037-4545
2038-6336
2039-8326
2040-10216
2041-1226
2042-143-4
2043-164-15
2044-185-25
2045-206-36
2046-228-46
2047-250-57
2048-272-68
2049-295-79
2050-317-90
2051-340-102
2052-363-113
2053-386-125
2054-409-137
2055-433-149
2056-457-162
2057-481-175
2058-505-188
2059-530-202
2060-556-216
2061-582-231
2062-609-246
2063-636-261
2064-664-278
2065-692-294
2066-721-311
2067-750-328
2068-780-346
2069-810-364
2070-840-383
2071-871-402
2072-903-421
2073-935-441
2074-967-462
2075-1000-483
2076-1035-505
2077-1070-527
2078-1106-550
2079-1142-573
2080-1180-597
2081-1219-622
2082-1258-647
2083-1298-672
2084-1338-698
2085-1380-725
2086-1423-752
2087-1466-779
2088-1510-807
2089-1554-834
2090-1599-862
2091-1643-890
2092-1687-917
2093-1731-944
2094-1774-971
2095-1816-997
2096-1858-1024
2097-1900-1050
2098-1941-1076
2099-1982-1101
2100-2022-1127
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