Proposed Provision: E2.1. Eliminate the taxable maximum in years 2018 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 288 |
| 2020 | 259 | 290 |
| 2021 | 245 | 291 |
| 2022 | 230 | 291 |
| 2023 | 215 | 290 |
| 2024 | 199 | 287 |
| 2025 | 182 | 283 |
| 2026 | 165 | 278 |
| 2027 | 148 | 273 |
| 2028 | 130 | 268 |
| 2029 | 112 | 262 |
| 2030 | 94 | 257 |
| 2031 | 75 | 252 |
| 2032 | 56 | 247 |
| 2033 | 37 | 241 |
| 2034 | 16 | 236 |
| 2035 | -4 | 230 |
| 2036 | -26 | 224 |
| 2037 | -47 | 218 |
| 2038 | -70 | 212 |
| 2039 | -92 | 206 |
| 2040 | -115 | 200 |
| 2041 | -138 | 195 |
| 2042 | -161 | 190 |
| 2043 | -184 | 185 |
| 2044 | -207 | 180 |
| 2045 | -230 | 176 |
| 2046 | -253 | 171 |
| 2047 | -276 | 167 |
| 2048 | -300 | 163 |
| 2049 | -323 | 159 |
| 2050 | -346 | 155 |
| 2051 | -370 | 151 |
| 2052 | -393 | 147 |
| 2053 | -417 | 143 |
| 2054 | -440 | 139 |
| 2055 | -464 | 134 |
| 2056 | -487 | 130 |
| 2057 | -511 | 125 |
| 2058 | -536 | 120 |
| 2059 | -560 | 114 |
| 2060 | -585 | 109 |
| 2061 | -611 | 103 |
| 2062 | -637 | 97 |
| 2063 | -663 | 90 |
| 2064 | -690 | 84 |
| 2065 | -717 | 77 |
| 2066 | -745 | 70 |
| 2067 | -772 | 62 |
| 2068 | -801 | 54 |
| 2069 | -829 | 46 |
| 2070 | -858 | 38 |
| 2071 | -888 | 29 |
| 2072 | -918 | 20 |
| 2073 | -949 | 10 |
| 2074 | -981 | 1 |
| 2075 | -1014 | -9 |
| 2076 | -1047 | -19 |
| 2077 | -1082 | -29 |
| 2078 | -1117 | -39 |
| 2079 | -1153 | -50 |
| 2080 | -1190 | -60 |
| 2081 | -1227 | -71 |
| 2082 | -1264 | -81 |
| 2083 | -1300 | -92 |
| 2084 | -1337 | -103 |
| 2085 | -1374 | -114 |
| 2086 | -1410 | -125 |
| 2087 | -1446 | -136 |
| 2088 | -1483 | -147 |
| 2089 | -1520 | -159 |
| 2090 | -1557 | -171 |
| 2091 | -1595 | -183 |
| 2092 | -1633 | -196 |
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