Proposed Provision: E3.18. Increase the taxable maximum linearly over 4 years to $232,200 for 2024. After 2024, 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 |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 231 |
| 2023 | 213 | 217 |
| 2024 | 197 | 204 |
| 2025 | 180 | 191 |
| 2026 | 163 | 178 |
| 2027 | 147 | 166 |
| 2028 | 130 | 152 |
| 2029 | 114 | 139 |
| 2030 | 97 | 126 |
| 2031 | 80 | 113 |
| 2032 | 63 | 100 |
| 2033 | 46 | 86 |
| 2034 | 28 | 73 |
| 2035 | 10 | 59 |
| 2036 | -9 | 44 |
| 2037 | -28 | 29 |
| 2038 | -47 | 14 |
| 2039 | -67 | -1 |
| 2040 | -87 | -17 |
| 2041 | -108 | -33 |
| 2042 | -129 | -49 |
| 2043 | -150 | -65 |
| 2044 | -171 | -81 |
| 2045 | -192 | -97 |
| 2046 | -213 | -113 |
| 2047 | -234 | -129 |
| 2048 | -255 | -145 |
| 2049 | -276 | -161 |
| 2050 | -297 | -177 |
| 2051 | -318 | -192 |
| 2052 | -338 | -208 |
| 2053 | -359 | -224 |
| 2054 | -380 | -240 |
| 2055 | -401 | -256 |
| 2056 | -422 | -272 |
| 2057 | -444 | -288 |
| 2058 | -465 | -305 |
| 2059 | -487 | -321 |
| 2060 | -509 | -338 |
| 2061 | -531 | -356 |
| 2062 | -554 | -374 |
| 2063 | -577 | -392 |
| 2064 | -601 | -410 |
| 2065 | -625 | -429 |
| 2066 | -649 | -448 |
| 2067 | -674 | -468 |
| 2068 | -699 | -488 |
| 2069 | -724 | -508 |
| 2070 | -749 | -528 |
| 2071 | -776 | -549 |
| 2072 | -802 | -571 |
| 2073 | -830 | -593 |
| 2074 | -857 | -615 |
| 2075 | -885 | -638 |
| 2076 | -914 | -661 |
| 2077 | -944 | -685 |
| 2078 | -975 | -710 |
| 2079 | -1007 | -735 |
| 2080 | -1039 | -762 |
| 2081 | -1072 | -788 |
| 2082 | -1106 | -815 |
| 2083 | -1139 | -841 |
| 2084 | -1173 | -869 |
| 2085 | -1207 | -896 |
| 2086 | -1242 | -923 |
| 2087 | -1275 | -950 |
| 2088 | -1309 | -977 |
| 2089 | -1342 | -1003 |
| 2090 | -1375 | -1029 |
| 2091 | -1407 | -1055 |
| 2092 | -1439 | -1080 |
| 2093 | -1471 | -1106 |
| 2094 | -1503 | -1132 |
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