Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2017-2026). 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 |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 278 |
| 2019 | 262 | 264 |
| 2020 | 246 | 252 |
| 2021 | 231 | 240 |
| 2022 | 216 | 229 |
| 2023 | 200 | 217 |
| 2024 | 183 | 204 |
| 2025 | 165 | 192 |
| 2026 | 149 | 181 |
| 2027 | 132 | 170 |
| 2028 | 115 | 159 |
| 2029 | 98 | 148 |
| 2030 | 81 | 137 |
| 2031 | 64 | 126 |
| 2032 | 46 | 114 |
| 2033 | 27 | 102 |
| 2034 | 8 | 90 |
| 2035 | -11 | 77 |
| 2036 | -30 | 64 |
| 2037 | -50 | 50 |
| 2038 | -71 | 37 |
| 2039 | -91 | 23 |
| 2040 | -112 | 9 |
| 2041 | -133 | -5 |
| 2042 | -154 | -20 |
| 2043 | -176 | -34 |
| 2044 | -197 | -48 |
| 2045 | -218 | -62 |
| 2046 | -240 | -77 |
| 2047 | -262 | -91 |
| 2048 | -283 | -105 |
| 2049 | -305 | -120 |
| 2050 | -327 | -135 |
| 2051 | -349 | -149 |
| 2052 | -371 | -164 |
| 2053 | -393 | -179 |
| 2054 | -415 | -194 |
| 2055 | -437 | -209 |
| 2056 | -460 | -225 |
| 2057 | -482 | -241 |
| 2058 | -506 | -257 |
| 2059 | -529 | -274 |
| 2060 | -553 | -291 |
| 2061 | -578 | -308 |
| 2062 | -603 | -326 |
| 2063 | -628 | -345 |
| 2064 | -654 | -363 |
| 2065 | -680 | -382 |
| 2066 | -706 | -402 |
| 2067 | -733 | -422 |
| 2068 | -760 | -442 |
| 2069 | -788 | -463 |
| 2070 | -816 | -484 |
| 2071 | -845 | -506 |
| 2072 | -874 | -528 |
| 2073 | -905 | -550 |
| 2074 | -935 | -574 |
| 2075 | -967 | -598 |
| 2076 | -1000 | -622 |
| 2077 | -1033 | -648 |
| 2078 | -1068 | -673 |
| 2079 | -1102 | -700 |
| 2080 | -1138 | -726 |
| 2081 | -1173 | -753 |
| 2082 | -1208 | -779 |
| 2083 | -1243 | -806 |
| 2084 | -1279 | -833 |
| 2085 | -1314 | -859 |
| 2086 | -1349 | -886 |
| 2087 | -1384 | -913 |
| 2088 | -1419 | -940 |
| 2089 | -1455 | -968 |
| 2090 | -1491 | -996 |
| 2091 | -1528 | -1024 |
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