Proposed Provision: E3.3. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2019-2024). Provide benefit credit for earnings up to the revised 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 | 273 |
| 2020 | 259 | 260 |
| 2021 | 245 | 249 |
| 2022 | 230 | 239 |
| 2023 | 215 | 228 |
| 2024 | 199 | 218 |
| 2025 | 182 | 207 |
| 2026 | 165 | 196 |
| 2027 | 148 | 184 |
| 2028 | 130 | 172 |
| 2029 | 112 | 160 |
| 2030 | 94 | 147 |
| 2031 | 75 | 134 |
| 2032 | 56 | 121 |
| 2033 | 37 | 108 |
| 2034 | 16 | 93 |
| 2035 | -4 | 79 |
| 2036 | -26 | 64 |
| 2037 | -47 | 48 |
| 2038 | -70 | 33 |
| 2039 | -92 | 17 |
| 2040 | -115 | 1 |
| 2041 | -138 | -15 |
| 2042 | -161 | -31 |
| 2043 | -184 | -47 |
| 2044 | -207 | -63 |
| 2045 | -230 | -79 |
| 2046 | -253 | -95 |
| 2047 | -276 | -111 |
| 2048 | -300 | -127 |
| 2049 | -323 | -143 |
| 2050 | -346 | -159 |
| 2051 | -370 | -175 |
| 2052 | -393 | -191 |
| 2053 | -417 | -207 |
| 2054 | -440 | -224 |
| 2055 | -464 | -240 |
| 2056 | -487 | -257 |
| 2057 | -511 | -274 |
| 2058 | -536 | -291 |
| 2059 | -560 | -309 |
| 2060 | -585 | -327 |
| 2061 | -611 | -346 |
| 2062 | -637 | -365 |
| 2063 | -663 | -384 |
| 2064 | -690 | -404 |
| 2065 | -717 | -424 |
| 2066 | -745 | -444 |
| 2067 | -772 | -465 |
| 2068 | -801 | -486 |
| 2069 | -829 | -508 |
| 2070 | -858 | -530 |
| 2071 | -888 | -553 |
| 2072 | -918 | -576 |
| 2073 | -949 | -600 |
| 2074 | -981 | -624 |
| 2075 | -1014 | -649 |
| 2076 | -1047 | -674 |
| 2077 | -1082 | -701 |
| 2078 | -1117 | -728 |
| 2079 | -1153 | -755 |
| 2080 | -1190 | -783 |
| 2081 | -1227 | -811 |
| 2082 | -1264 | -839 |
| 2083 | -1300 | -867 |
| 2084 | -1337 | -896 |
| 2085 | -1374 | -924 |
| 2086 | -1410 | -952 |
| 2087 | -1446 | -980 |
| 2088 | -1483 | -1008 |
| 2089 | -1520 | -1037 |
| 2090 | -1557 | -1066 |
| 2091 | -1595 | -1095 |
| 2092 | -1633 | -1125 |
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