Proposed Provision: E3.6. Increase the taxable maximum each year by an additional 2 percent beginning in 2024 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 160 |
| 2027 | 141 | 143 |
| 2028 | 122 | 125 |
| 2029 | 104 | 107 |
| 2030 | 85 | 90 |
| 2031 | 66 | 72 |
| 2032 | 46 | 55 |
| 2033 | 27 | 37 |
| 2034 | 7 | 19 |
| 2035 | -13 | 2 |
| 2036 | -33 | -16 |
| 2037 | -54 | -34 |
| 2038 | -76 | -52 |
| 2039 | -97 | -71 |
| 2040 | -119 | -90 |
| 2041 | -142 | -108 |
| 2042 | -165 | -127 |
| 2043 | -188 | -146 |
| 2044 | -211 | -165 |
| 2045 | -235 | -184 |
| 2046 | -258 | -203 |
| 2047 | -282 | -222 |
| 2048 | -306 | -241 |
| 2049 | -330 | -260 |
| 2050 | -354 | -279 |
| 2051 | -378 | -298 |
| 2052 | -403 | -317 |
| 2053 | -427 | -336 |
| 2054 | -452 | -355 |
| 2055 | -477 | -374 |
| 2056 | -502 | -392 |
| 2057 | -527 | -411 |
| 2058 | -552 | -430 |
| 2059 | -578 | -450 |
| 2060 | -604 | -469 |
| 2061 | -630 | -488 |
| 2062 | -657 | -508 |
| 2063 | -684 | -529 |
| 2064 | -712 | -550 |
| 2065 | -740 | -571 |
| 2066 | -768 | -592 |
| 2067 | -796 | -614 |
| 2068 | -825 | -636 |
| 2069 | -855 | -658 |
| 2070 | -884 | -680 |
| 2071 | -914 | -703 |
| 2072 | -945 | -726 |
| 2073 | -976 | -750 |
| 2074 | -1007 | -774 |
| 2075 | -1039 | -799 |
| 2076 | -1071 | -824 |
| 2077 | -1105 | -850 |
| 2078 | -1139 | -876 |
| 2079 | -1175 | -904 |
| 2080 | -1211 | -932 |
| 2081 | -1248 | -960 |
| 2082 | -1286 | -989 |
| 2083 | -1324 | -1018 |
| 2084 | -1363 | -1048 |
| 2085 | -1403 | -1078 |
| 2086 | -1443 | -1109 |
| 2087 | -1483 | -1139 |
| 2088 | -1524 | -1170 |
| 2089 | -1564 | -1201 |
| 2090 | -1604 | -1231 |
| 2091 | -1643 | -1260 |
| 2092 | -1681 | -1288 |
| 2093 | -1718 | -1316 |
| 2094 | -1754 | -1342 |
| 2095 | -1789 | -1369 |
| 2096 | -1825 | -1395 |
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