Proposed Provision: E2.2. Eliminate the taxable maximum in years 2025 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 167 |
| 2027 | 134 | 165 |
| 2028 | 117 | 163 |
| 2029 | 101 | 161 |
| 2030 | 84 | 159 |
| 2031 | 68 | 158 |
| 2032 | 53 | 156 |
| 2033 | 37 | 155 |
| 2034 | 22 | 153 |
| 2035 | 7 | 152 |
| 2036 | -9 | 151 |
| 2037 | -26 | 149 |
| 2038 | -43 | 147 |
| 2039 | -60 | 144 |
| 2040 | -78 | 141 |
| 2041 | -96 | 138 |
| 2042 | -115 | 134 |
| 2043 | -135 | 130 |
| 2044 | -154 | 125 |
| 2045 | -174 | 121 |
| 2046 | -194 | 116 |
| 2047 | -215 | 110 |
| 2048 | -235 | 104 |
| 2049 | -256 | 98 |
| 2050 | -277 | 92 |
| 2051 | -299 | 85 |
| 2052 | -320 | 77 |
| 2053 | -342 | 69 |
| 2054 | -364 | 61 |
| 2055 | -386 | 52 |
| 2056 | -409 | 42 |
| 2057 | -431 | 32 |
| 2058 | -455 | 22 |
| 2059 | -478 | 11 |
| 2060 | -502 | -1 |
| 2061 | -527 | -13 |
| 2062 | -553 | -26 |
| 2063 | -579 | -39 |
| 2064 | -605 | -52 |
| 2065 | -632 | -67 |
| 2066 | -660 | -81 |
| 2067 | -688 | -96 |
| 2068 | -716 | -111 |
| 2069 | -745 | -127 |
| 2070 | -774 | -144 |
| 2071 | -803 | -160 |
| 2072 | -834 | -178 |
| 2073 | -864 | -195 |
| 2074 | -895 | -213 |
| 2075 | -927 | -232 |
| 2076 | -960 | -251 |
| 2077 | -993 | -270 |
| 2078 | -1027 | -290 |
| 2079 | -1062 | -310 |
| 2080 | -1098 | -331 |
| 2081 | -1134 | -352 |
| 2082 | -1172 | -373 |
| 2083 | -1209 | -395 |
| 2084 | -1248 | -417 |
| 2085 | -1287 | -439 |
| 2086 | -1327 | -462 |
| 2087 | -1368 | -484 |
| 2088 | -1409 | -507 |
| 2089 | -1450 | -530 |
| 2090 | -1491 | -552 |
| 2091 | -1532 | -575 |
| 2092 | -1573 | -597 |
| 2093 | -1612 | -619 |
| 2094 | -1651 | -641 |
| 2095 | -1689 | -662 |
| 2096 | -1727 | -683 |
| 2097 | -1764 | -704 |
| 2098 | -1801 | -725 |
| 2099 | -1838 | -746 |
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