Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2013-2018). Provide benefit credit for earnings up to the revised taxable maximum levels.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334336
2015328332
2016321330
2017314328
2018306326
2019296323
2020284318
2021272312
2022259305
2023245298
2024230289
2025214280
2026198270
2027181259
2028164247
2029145235
2030127223
2031107209
203287196
203367182
203446168
203525154
20364139
2037-18125
2038-40110
2039-6295
2040-8580
2041-10865
2042-13050
2043-15335
2044-17620
2045-2005
2046-223-10
2047-247-26
2048-271-41
2049-295-57
2050-319-73
2051-343-89
2052-368-105
2053-393-121
2054-418-138
2055-443-154
2056-468-171
2057-494-189
2058-521-207
2059-548-225
2060-575-243
2061-602-262
2062-630-281
2063-659-300
2064-687-320
2065-716-339
2066-746-359
2067-775-380
2068-805-400
2069-835-421
2070-866-442
2071-897-464
2072-928-486
2073-960-508
2074-992-531
2075-1025-554
2076-1058-578
2077-1092-602
2078-1126-626
2079-1161-651
2080-1196-676
2081-1232-701
2082-1268-727
2083-1305-754
2084-1342-781
2085-1380-808
2086-1419-836
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