Proposed Provision: E3.18. Increase the taxable maximum linearly over 4 years to $222,600 for 2023. After 2023, index the taxable maximum to AWI plus 0.5 percentage point. Apply benefit credit on additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 241 |
| 2022 | 223 | 227 |
| 2023 | 206 | 213 |
| 2024 | 188 | 199 |
| 2025 | 171 | 186 |
| 2026 | 154 | 172 |
| 2027 | 137 | 159 |
| 2028 | 120 | 146 |
| 2029 | 104 | 133 |
| 2030 | 86 | 119 |
| 2031 | 69 | 105 |
| 2032 | 51 | 91 |
| 2033 | 33 | 77 |
| 2034 | 14 | 62 |
| 2035 | -5 | 47 |
| 2036 | -25 | 31 |
| 2037 | -46 | 15 |
| 2038 | -67 | -1 |
| 2039 | -88 | -18 |
| 2040 | -110 | -35 |
| 2041 | -132 | -52 |
| 2042 | -154 | -69 |
| 2043 | -176 | -87 |
| 2044 | -199 | -104 |
| 2045 | -221 | -121 |
| 2046 | -244 | -138 |
| 2047 | -267 | -156 |
| 2048 | -289 | -173 |
| 2049 | -312 | -190 |
| 2050 | -335 | -208 |
| 2051 | -358 | -225 |
| 2052 | -381 | -242 |
| 2053 | -403 | -260 |
| 2054 | -426 | -277 |
| 2055 | -450 | -295 |
| 2056 | -473 | -312 |
| 2057 | -496 | -330 |
| 2058 | -520 | -348 |
| 2059 | -544 | -367 |
| 2060 | -569 | -386 |
| 2061 | -594 | -405 |
| 2062 | -619 | -425 |
| 2063 | -645 | -445 |
| 2064 | -671 | -465 |
| 2065 | -698 | -486 |
| 2066 | -725 | -507 |
| 2067 | -752 | -529 |
| 2068 | -780 | -551 |
| 2069 | -808 | -573 |
| 2070 | -837 | -595 |
| 2071 | -866 | -619 |
| 2072 | -896 | -642 |
| 2073 | -927 | -667 |
| 2074 | -958 | -692 |
| 2075 | -990 | -717 |
| 2076 | -1023 | -743 |
| 2077 | -1057 | -770 |
| 2078 | -1092 | -798 |
| 2079 | -1128 | -826 |
| 2080 | -1165 | -855 |
| 2081 | -1202 | -885 |
| 2082 | -1240 | -914 |
| 2083 | -1278 | -944 |
| 2084 | -1316 | -974 |
| 2085 | -1354 | -1004 |
| 2086 | -1392 | -1034 |
| 2087 | -1430 | -1064 |
| 2088 | -1468 | -1094 |
| 2089 | -1505 | -1123 |
| 2090 | -1543 | -1153 |
| 2091 | -1580 | -1182 |
| 2092 | -1618 | -1212 |
| 2093 | -1655 | -1242 |
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