Proposed Provision: Eliminate the taxable maximum in years 2026 and later. Phase in elimination by taxing all earnings above the current-law taxable maximum at: 1.24 percent in 2017, 2.48 percent in 2018, and so on, up to 11.16 percent in 2025. Provide benefit credit for earnings above the current-law taxable maximum, adding a bend point at the current-law taxable maximum and applying a formula factor of 5 percent for AIME above this new bend point.
  
    OASDI Trust Fund Ratio
    (assets as a percentage of annual expenditures)
    
    
    
    
    
      
        | Year | Present Law | Provision | 
    
    
      | 2015 | 308 | 308 | 
| 2016 | 298 | 298 | 
| 2017 | 280 | 280 | 
| 2018 | 264 | 266 | 
| 2019 | 248 | 254 | 
| 2020 | 233 | 243 | 
| 2021 | 219 | 235 | 
| 2022 | 204 | 228 | 
| 2023 | 189 | 222 | 
| 2024 | 173 | 216 | 
| 2025 | 157 | 212 | 
| 2026 | 142 | 209 | 
| 2027 | 126 | 207 | 
| 2028 | 110 | 205 | 
| 2029 | 94 | 203 | 
| 2030 | 77 | 200 | 
| 2031 | 60 | 197 | 
| 2032 | 42 | 193 | 
| 2033 | 23 | 189 | 
| 2034 | 4 | 184 | 
| 2035 | -16 | 179 | 
| 2036 | -36 | 174 | 
| 2037 | -57 | 168 | 
| 2038 | -78 | 162 | 
| 2039 | -100 | 156 | 
| 2040 | -122 | 151 | 
| 2041 | -144 | 145 | 
| 2042 | -166 | 139 | 
| 2043 | -189 | 133 | 
| 2044 | -211 | 128 | 
| 2045 | -234 | 122 | 
| 2046 | -257 | 116 | 
| 2047 | -280 | 111 | 
| 2048 | -303 | 105 | 
| 2049 | -327 | 99 | 
| 2050 | -351 | 93 | 
| 2051 | -375 | 87 | 
| 2052 | -398 | 81 | 
| 2053 | -423 | 75 | 
| 2054 | -447 | 68 | 
| 2055 | -472 | 61 | 
| 2056 | -496 | 54 | 
| 2057 | -522 | 46 | 
| 2058 | -548 | 38 | 
| 2059 | -574 | 30 | 
| 2060 | -601 | 21 | 
| 2061 | -629 | 12 | 
| 2062 | -657 | 3 | 
| 2063 | -685 | -7 | 
| 2064 | -714 | -17 | 
| 2065 | -744 | -27 | 
| 2066 | -774 | -38 | 
| 2067 | -804 | -49 | 
| 2068 | -835 | -61 | 
| 2069 | -867 | -73 | 
| 2070 | -899 | -85 | 
| 2071 | -932 | -98 | 
| 2072 | -965 | -111 | 
| 2073 | -1000 | -125 | 
| 2074 | -1035 | -139 | 
| 2075 | -1072 | -153 | 
| 2076 | -1110 | -168 | 
| 2077 | -1148 | -182 | 
| 2078 | -1188 | -198 | 
| 2079 | -1228 | -213 | 
| 2080 | -1268 | -229 | 
| 2081 | -1309 | -244 | 
| 2082 | -1350 | -260 | 
| 2083 | -1391 | -276 | 
| 2084 | -1432 | -292 | 
| 2085 | -1472 | -309 | 
| 2086 | -1514 | -325 | 
| 2087 | -1555 | -342 | 
| 2088 | -1597 | -359 | 
| 2089 | -1640 | -377 | 
| 2090 | -1683 | -395 | 
    
  
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