Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2025-2034). Provide benefit credit for earnings up to the revised 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 | 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 | 47 |
| 2036 | -9 | 38 |
| 2037 | -26 | 28 |
| 2038 | -43 | 18 |
| 2039 | -60 | 8 |
| 2040 | -78 | -4 |
| 2041 | -96 | -15 |
| 2042 | -115 | -27 |
| 2043 | -135 | -39 |
| 2044 | -154 | -52 |
| 2045 | -174 | -64 |
| 2046 | -194 | -78 |
| 2047 | -215 | -91 |
| 2048 | -235 | -104 |
| 2049 | -256 | -118 |
| 2050 | -277 | -132 |
| 2051 | -299 | -146 |
| 2052 | -320 | -161 |
| 2053 | -342 | -176 |
| 2054 | -364 | -191 |
| 2055 | -386 | -207 |
| 2056 | -409 | -223 |
| 2057 | -431 | -239 |
| 2058 | -455 | -256 |
| 2059 | -478 | -273 |
| 2060 | -502 | -291 |
| 2061 | -527 | -309 |
| 2062 | -553 | -328 |
| 2063 | -579 | -347 |
| 2064 | -605 | -367 |
| 2065 | -632 | -388 |
| 2066 | -660 | -408 |
| 2067 | -688 | -430 |
| 2068 | -716 | -451 |
| 2069 | -745 | -474 |
| 2070 | -774 | -496 |
| 2071 | -803 | -519 |
| 2072 | -834 | -542 |
| 2073 | -864 | -566 |
| 2074 | -895 | -591 |
| 2075 | -927 | -616 |
| 2076 | -960 | -642 |
| 2077 | -993 | -668 |
| 2078 | -1027 | -695 |
| 2079 | -1062 | -723 |
| 2080 | -1098 | -751 |
| 2081 | -1134 | -780 |
| 2082 | -1172 | -809 |
| 2083 | -1209 | -839 |
| 2084 | -1248 | -869 |
| 2085 | -1287 | -900 |
| 2086 | -1327 | -931 |
| 2087 | -1368 | -963 |
| 2088 | -1409 | -995 |
| 2089 | -1450 | -1028 |
| 2090 | -1491 | -1060 |
| 2091 | -1532 | -1092 |
| 2092 | -1573 | -1123 |
| 2093 | -1612 | -1154 |
| 2094 | -1651 | -1184 |
| 2095 | -1689 | -1215 |
| 2096 | -1727 | -1244 |
| 2097 | -1764 | -1274 |
| 2098 | -1801 | -1303 |
| 2099 | -1838 | -1332 |
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