Proposed Provision: E3.3. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2023). 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
2016303303
2017293293
2018277277
2019262263
2020246251
2021231240
2022216230
2023200219
2024183209
2025165197
2026149186
2027132175
2028115164
202998153
203081142
203164131
203246119
203327107
2034895
2035-1182
2036-3069
2037-5056
2038-7142
2039-9128
2040-11214
2041-1330
2042-154-14
2043-176-28
2044-197-43
2045-218-57
2046-240-71
2047-262-85
2048-283-100
2049-305-114
2050-327-129
2051-349-144
2052-371-158
2053-393-173
2054-415-188
2055-437-204
2056-460-219
2057-482-235
2058-506-251
2059-529-268
2060-553-285
2061-578-303
2062-603-321
2063-628-339
2064-654-358
2065-680-377
2066-706-396
2067-733-416
2068-760-436
2069-788-457
2070-816-478
2071-845-500
2072-874-522
2073-905-545
2074-935-568
2075-967-592
2076-1000-617
2077-1033-642
2078-1068-668
2079-1102-694
2080-1138-720
2081-1173-747
2082-1208-773
2083-1243-800
2084-1279-827
2085-1314-853
2086-1349-880
2087-1384-907
2088-1419-934
2089-1455-962
2090-1491-990
2091-1528-1018
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