Proposed Provision: E3.19. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in linearly from 2027-2032). Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from additional annual earnings taxed over the current-law taxable maximum; and (2) a formula factor of 2.5 percent on this newly computed "AIME+".
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 113 | 114 |
| 2029 | 95 | 100 |
| 2030 | 78 | 86 |
| 2031 | 60 | 74 |
| 2032 | 43 | 62 |
| 2033 | 26 | 51 |
| 2034 | 9 | 40 |
| 2035 | -9 | 29 |
| 2036 | -27 | 18 |
| 2037 | -45 | 7 |
| 2038 | -63 | -5 |
| 2039 | -83 | -18 |
| 2040 | -102 | -30 |
| 2041 | -122 | -43 |
| 2042 | -143 | -57 |
| 2043 | -164 | -70 |
| 2044 | -185 | -84 |
| 2045 | -206 | -98 |
| 2046 | -228 | -113 |
| 2047 | -250 | -127 |
| 2048 | -272 | -142 |
| 2049 | -295 | -157 |
| 2050 | -317 | -172 |
| 2051 | -340 | -187 |
| 2052 | -363 | -203 |
| 2053 | -386 | -218 |
| 2054 | -409 | -235 |
| 2055 | -433 | -251 |
| 2056 | -457 | -267 |
| 2057 | -481 | -284 |
| 2058 | -505 | -302 |
| 2059 | -530 | -320 |
| 2060 | -556 | -338 |
| 2061 | -582 | -357 |
| 2062 | -609 | -377 |
| 2063 | -636 | -397 |
| 2064 | -664 | -417 |
| 2065 | -692 | -438 |
| 2066 | -721 | -459 |
| 2067 | -750 | -481 |
| 2068 | -780 | -503 |
| 2069 | -810 | -525 |
| 2070 | -840 | -548 |
| 2071 | -871 | -571 |
| 2072 | -903 | -595 |
| 2073 | -935 | -619 |
| 2074 | -967 | -644 |
| 2075 | -1000 | -669 |
| 2076 | -1035 | -696 |
| 2077 | -1070 | -722 |
| 2078 | -1106 | -750 |
| 2079 | -1142 | -778 |
| 2080 | -1180 | -807 |
| 2081 | -1219 | -836 |
| 2082 | -1258 | -866 |
| 2083 | -1298 | -896 |
| 2084 | -1338 | -927 |
| 2085 | -1380 | -959 |
| 2086 | -1423 | -991 |
| 2087 | -1466 | -1024 |
| 2088 | -1510 | -1057 |
| 2089 | -1554 | -1090 |
| 2090 | -1599 | -1124 |
| 2091 | -1643 | -1157 |
| 2092 | -1687 | -1190 |
| 2093 | -1731 | -1222 |
| 2094 | -1774 | -1254 |
| 2095 | -1816 | -1286 |
| 2096 | -1858 | -1317 |
| 2097 | -1900 | -1349 |
| 2098 | -1941 | -1379 |
| 2099 | -1982 | -1410 |
| 2100 | -2022 | -1440 |
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