Proposed Provision: E3.18. Increase the taxable maximum linearly over 4 years to $238,200 for 2025. After 2025, 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 218 |
| 2024 | 200 | 204 |
| 2025 | 183 | 190 |
| 2026 | 165 | 176 |
| 2027 | 148 | 162 |
| 2028 | 130 | 148 |
| 2029 | 112 | 134 |
| 2030 | 94 | 119 |
| 2031 | 76 | 104 |
| 2032 | 58 | 90 |
| 2033 | 39 | 75 |
| 2034 | 20 | 60 |
| 2035 | 1 | 45 |
| 2036 | -19 | 29 |
| 2037 | -38 | 14 |
| 2038 | -59 | -2 |
| 2039 | -80 | -19 |
| 2040 | -101 | -36 |
| 2041 | -122 | -52 |
| 2042 | -144 | -70 |
| 2043 | -166 | -87 |
| 2044 | -188 | -104 |
| 2045 | -210 | -122 |
| 2046 | -232 | -139 |
| 2047 | -255 | -157 |
| 2048 | -277 | -174 |
| 2049 | -299 | -192 |
| 2050 | -322 | -209 |
| 2051 | -344 | -227 |
| 2052 | -367 | -245 |
| 2053 | -389 | -262 |
| 2054 | -412 | -280 |
| 2055 | -434 | -298 |
| 2056 | -457 | -316 |
| 2057 | -480 | -335 |
| 2058 | -504 | -353 |
| 2059 | -527 | -372 |
| 2060 | -551 | -391 |
| 2061 | -575 | -410 |
| 2062 | -599 | -430 |
| 2063 | -624 | -450 |
| 2064 | -650 | -471 |
| 2065 | -676 | -492 |
| 2066 | -702 | -513 |
| 2067 | -728 | -535 |
| 2068 | -755 | -557 |
| 2069 | -782 | -579 |
| 2070 | -809 | -602 |
| 2071 | -837 | -625 |
| 2072 | -866 | -649 |
| 2073 | -895 | -673 |
| 2074 | -925 | -698 |
| 2075 | -955 | -723 |
| 2076 | -986 | -749 |
| 2077 | -1018 | -775 |
| 2078 | -1051 | -802 |
| 2079 | -1084 | -830 |
| 2080 | -1119 | -859 |
| 2081 | -1154 | -888 |
| 2082 | -1190 | -917 |
| 2083 | -1226 | -947 |
| 2084 | -1263 | -978 |
| 2085 | -1300 | -1008 |
| 2086 | -1337 | -1039 |
| 2087 | -1374 | -1069 |
| 2088 | -1411 | -1100 |
| 2089 | -1448 | -1130 |
| 2090 | -1484 | -1159 |
| 2091 | -1520 | -1189 |
| 2092 | -1554 | -1217 |
| 2093 | -1589 | -1245 |
| 2094 | -1623 | -1273 |
| 2095 | -1657 | -1301 |
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