Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2016-2021). Provide benefit credit for earnings up to the revised taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 279 |
| 2018 | 262 | 267 |
| 2019 | 248 | 257 |
| 2020 | 233 | 247 |
| 2021 | 219 | 239 |
| 2022 | 203 | 230 |
| 2023 | 187 | 220 |
| 2024 | 171 | 210 |
| 2025 | 154 | 198 |
| 2026 | 137 | 187 |
| 2027 | 119 | 175 |
| 2028 | 101 | 163 |
| 2029 | 83 | 150 |
| 2030 | 64 | 137 |
| 2031 | 44 | 123 |
| 2032 | 23 | 109 |
| 2033 | 2 | 94 |
| 2034 | -20 | 78 |
| 2035 | -42 | 63 |
| 2036 | -65 | 46 |
| 2037 | -88 | 30 |
| 2038 | -112 | 13 |
| 2039 | -136 | -4 |
| 2040 | -160 | -21 |
| 2041 | -185 | -38 |
| 2042 | -210 | -56 |
| 2043 | -235 | -73 |
| 2044 | -260 | -91 |
| 2045 | -285 | -108 |
| 2046 | -310 | -126 |
| 2047 | -336 | -144 |
| 2048 | -362 | -162 |
| 2049 | -388 | -181 |
| 2050 | -415 | -200 |
| 2051 | -442 | -218 |
| 2052 | -468 | -237 |
| 2053 | -495 | -257 |
| 2054 | -523 | -276 |
| 2055 | -550 | -296 |
| 2056 | -578 | -316 |
| 2057 | -606 | -337 |
| 2058 | -635 | -358 |
| 2059 | -664 | -379 |
| 2060 | -694 | -401 |
| 2061 | -725 | -424 |
| 2062 | -756 | -447 |
| 2063 | -787 | -470 |
| 2064 | -819 | -494 |
| 2065 | -852 | -519 |
| 2066 | -885 | -544 |
| 2067 | -918 | -569 |
| 2068 | -952 | -595 |
| 2069 | -987 | -621 |
| 2070 | -1022 | -648 |
| 2071 | -1057 | -675 |
| 2072 | -1094 | -703 |
| 2073 | -1132 | -732 |
| 2074 | -1171 | -762 |
| 2075 | -1210 | -792 |
| 2076 | -1251 | -824 |
| 2077 | -1293 | -855 |
| 2078 | -1335 | -888 |
| 2079 | -1378 | -921 |
| 2080 | -1421 | -954 |
| 2081 | -1464 | -987 |
| 2082 | -1507 | -1020 |
| 2083 | -1550 | -1053 |
| 2084 | -1593 | -1086 |
| 2085 | -1636 | -1120 |
| 2086 | -1680 | -1154 |
| 2087 | -1724 | -1188 |
| 2088 | -1769 | -1223 |
| 2089 | -1814 | -1259 |
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