Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2019-2028). 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
2018288288
2019272272
2020256257
2021239242
2022223228
2023206214
2024188201
2025171188
2026154175
2027137163
2028120152
2029104141
203086129
203169118
203251106
20333394
20341481
2035-568
2036-2554
2037-4640
2038-6726
2039-8811
2040-110-4
2041-132-19
2042-154-34
2043-176-49
2044-199-65
2045-221-80
2046-244-95
2047-267-110
2048-289-126
2049-312-141
2050-335-157
2051-358-172
2052-381-188
2053-403-203
2054-426-219
2055-450-235
2056-473-251
2057-496-268
2058-520-284
2059-544-301
2060-569-319
2061-594-337
2062-619-355
2063-645-374
2064-671-393
2065-698-412
2066-725-432
2067-752-453
2068-780-473
2069-808-495
2070-837-516
2071-866-538
2072-896-561
2073-927-584
2074-958-608
2075-990-632
2076-1023-657
2077-1057-683
2078-1092-710
2079-1128-737
2080-1165-765
2081-1202-793
2082-1240-821
2083-1278-850
2084-1316-879
2085-1354-908
2086-1392-937
2087-1430-966
2088-1468-994
2089-1505-1023
2090-1543-1052
2091-1580-1080
2092-1618-1109
2093-1655-1138
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