Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2027). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 274 |
| 2020 | 259 | 261 |
| 2021 | 245 | 250 |
| 2022 | 230 | 239 |
| 2023 | 215 | 228 |
| 2024 | 199 | 216 |
| 2025 | 182 | 204 |
| 2026 | 165 | 192 |
| 2027 | 148 | 180 |
| 2028 | 130 | 168 |
| 2029 | 112 | 156 |
| 2030 | 94 | 143 |
| 2031 | 75 | 131 |
| 2032 | 56 | 118 |
| 2033 | 37 | 105 |
| 2034 | 16 | 91 |
| 2035 | -4 | 76 |
| 2036 | -26 | 62 |
| 2037 | -47 | 47 |
| 2038 | -70 | 31 |
| 2039 | -92 | 16 |
| 2040 | -115 | 0 |
| 2041 | -138 | -15 |
| 2042 | -161 | -30 |
| 2043 | -184 | -46 |
| 2044 | -207 | -61 |
| 2045 | -230 | -76 |
| 2046 | -253 | -91 |
| 2047 | -276 | -107 |
| 2048 | -300 | -122 |
| 2049 | -323 | -137 |
| 2050 | -346 | -152 |
| 2051 | -370 | -167 |
| 2052 | -393 | -182 |
| 2053 | -417 | -197 |
| 2054 | -440 | -213 |
| 2055 | -464 | -228 |
| 2056 | -487 | -243 |
| 2057 | -511 | -259 |
| 2058 | -536 | -275 |
| 2059 | -560 | -292 |
| 2060 | -585 | -308 |
| 2061 | -611 | -326 |
| 2062 | -637 | -343 |
| 2063 | -663 | -361 |
| 2064 | -690 | -379 |
| 2065 | -717 | -397 |
| 2066 | -745 | -416 |
| 2067 | -772 | -435 |
| 2068 | -801 | -455 |
| 2069 | -829 | -475 |
| 2070 | -858 | -495 |
| 2071 | -888 | -515 |
| 2072 | -918 | -537 |
| 2073 | -949 | -558 |
| 2074 | -981 | -580 |
| 2075 | -1014 | -603 |
| 2076 | -1047 | -627 |
| 2077 | -1082 | -651 |
| 2078 | -1117 | -675 |
| 2079 | -1153 | -700 |
| 2080 | -1190 | -726 |
| 2081 | -1227 | -751 |
| 2082 | -1264 | -777 |
| 2083 | -1300 | -803 |
| 2084 | -1337 | -828 |
| 2085 | -1374 | -854 |
| 2086 | -1410 | -879 |
| 2087 | -1446 | -905 |
| 2088 | -1483 | -930 |
| 2089 | -1520 | -956 |
| 2090 | -1557 | -983 |
| 2091 | -1595 | -1009 |
| 2092 | -1633 | -1037 |
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