Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2016-2025). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 281 |
| 2018 | 264 | 267 |
| 2019 | 248 | 254 |
| 2020 | 233 | 242 |
| 2021 | 219 | 232 |
| 2022 | 204 | 221 |
| 2023 | 189 | 211 |
| 2024 | 173 | 201 |
| 2025 | 157 | 191 |
| 2026 | 142 | 182 |
| 2027 | 126 | 172 |
| 2028 | 110 | 162 |
| 2029 | 94 | 152 |
| 2030 | 77 | 142 |
| 2031 | 60 | 131 |
| 2032 | 42 | 120 |
| 2033 | 23 | 108 |
| 2034 | 4 | 95 |
| 2035 | -16 | 82 |
| 2036 | -36 | 69 |
| 2037 | -57 | 56 |
| 2038 | -78 | 42 |
| 2039 | -100 | 28 |
| 2040 | -122 | 14 |
| 2041 | -144 | 0 |
| 2042 | -166 | -15 |
| 2043 | -189 | -29 |
| 2044 | -211 | -43 |
| 2045 | -234 | -58 |
| 2046 | -257 | -72 |
| 2047 | -280 | -87 |
| 2048 | -303 | -101 |
| 2049 | -327 | -116 |
| 2050 | -351 | -131 |
| 2051 | -375 | -146 |
| 2052 | -398 | -161 |
| 2053 | -423 | -176 |
| 2054 | -447 | -192 |
| 2055 | -472 | -207 |
| 2056 | -496 | -223 |
| 2057 | -522 | -240 |
| 2058 | -548 | -257 |
| 2059 | -574 | -274 |
| 2060 | -601 | -292 |
| 2061 | -629 | -310 |
| 2062 | -657 | -329 |
| 2063 | -685 | -348 |
| 2064 | -714 | -367 |
| 2065 | -744 | -387 |
| 2066 | -774 | -407 |
| 2067 | -804 | -428 |
| 2068 | -835 | -449 |
| 2069 | -867 | -470 |
| 2070 | -899 | -492 |
| 2071 | -932 | -515 |
| 2072 | -965 | -538 |
| 2073 | -1000 | -562 |
| 2074 | -1035 | -586 |
| 2075 | -1072 | -611 |
| 2076 | -1110 | -637 |
| 2077 | -1148 | -664 |
| 2078 | -1188 | -691 |
| 2079 | -1228 | -718 |
| 2080 | -1268 | -746 |
| 2081 | -1309 | -774 |
| 2082 | -1350 | -802 |
| 2083 | -1391 | -830 |
| 2084 | -1432 | -858 |
| 2085 | -1472 | -887 |
| 2086 | -1514 | -915 |
| 2087 | -1555 | -944 |
| 2088 | -1597 | -974 |
| 2089 | -1640 | -1003 |
| 2090 | -1683 | -1034 |
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