Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2025-2034). Do not provide benefit credit for additional earnings taxed.
  
    OASDI Trust Fund Ratio
    (assets as a percentage of annual expenditures)
    
    
    
    
    
      
        | Year | Current Law | Provision | 
    
    
      | 2024 | 188 | 188 | 
| 2025 | 171 | 171 | 
| 2026 | 152 | 153 | 
| 2027 | 134 | 137 | 
| 2028 | 117 | 123 | 
| 2029 | 101 | 109 | 
| 2030 | 84 | 97 | 
| 2031 | 68 | 86 | 
| 2032 | 53 | 75 | 
| 2033 | 37 | 65 | 
| 2034 | 22 | 56 | 
| 2035 | 7 | 48 | 
| 2036 | -9 | 39 | 
| 2037 | -26 | 29 | 
| 2038 | -43 | 19 | 
| 2039 | -60 | 8 | 
| 2040 | -78 | -3 | 
| 2041 | -96 | -14 | 
| 2042 | -115 | -25 | 
| 2043 | -135 | -37 | 
| 2044 | -154 | -49 | 
| 2045 | -174 | -62 | 
| 2046 | -194 | -75 | 
| 2047 | -215 | -87 | 
| 2048 | -235 | -100 | 
| 2049 | -256 | -114 | 
| 2050 | -277 | -127 | 
| 2051 | -299 | -141 | 
| 2052 | -320 | -155 | 
| 2053 | -342 | -169 | 
| 2054 | -364 | -184 | 
| 2055 | -386 | -198 | 
| 2056 | -409 | -214 | 
| 2057 | -431 | -229 | 
| 2058 | -455 | -245 | 
| 2059 | -478 | -261 | 
| 2060 | -502 | -278 | 
| 2061 | -527 | -295 | 
| 2062 | -553 | -313 | 
| 2063 | -579 | -331 | 
| 2064 | -605 | -350 | 
| 2065 | -632 | -369 | 
| 2066 | -660 | -389 | 
| 2067 | -688 | -409 | 
| 2068 | -716 | -429 | 
| 2069 | -745 | -450 | 
| 2070 | -774 | -471 | 
| 2071 | -803 | -493 | 
| 2072 | -834 | -515 | 
| 2073 | -864 | -537 | 
| 2074 | -895 | -560 | 
| 2075 | -927 | -584 | 
| 2076 | -960 | -608 | 
| 2077 | -993 | -632 | 
| 2078 | -1027 | -657 | 
| 2079 | -1062 | -683 | 
| 2080 | -1098 | -710 | 
| 2081 | -1134 | -736 | 
| 2082 | -1172 | -764 | 
| 2083 | -1209 | -791 | 
| 2084 | -1248 | -819 | 
| 2085 | -1287 | -848 | 
| 2086 | -1327 | -877 | 
| 2087 | -1368 | -906 | 
| 2088 | -1409 | -936 | 
| 2089 | -1450 | -966 | 
| 2090 | -1491 | -995 | 
| 2091 | -1532 | -1025 | 
| 2092 | -1573 | -1053 | 
| 2093 | -1612 | -1082 | 
| 2094 | -1651 | -1109 | 
| 2095 | -1689 | -1137 | 
| 2096 | -1727 | -1164 | 
| 2097 | -1764 | -1191 | 
| 2098 | -1801 | -1217 | 
| 2099 | -1838 | -1244 | 
    
  
  back