Proposed Provision: E2.1. Eliminate the taxable maximum in years 2027 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not 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 |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 126 |
| 2029 | 92 | 123 |
| 2030 | 74 | 120 |
| 2031 | 57 | 118 |
| 2032 | 40 | 116 |
| 2033 | 23 | 114 |
| 2034 | 7 | 113 |
| 2035 | -9 | 113 |
| 2036 | -25 | 112 |
| 2037 | -41 | 111 |
| 2038 | -58 | 110 |
| 2039 | -76 | 108 |
| 2040 | -94 | 106 |
| 2041 | -112 | 104 |
| 2042 | -132 | 101 |
| 2043 | -151 | 98 |
| 2044 | -171 | 95 |
| 2045 | -192 | 91 |
| 2046 | -213 | 87 |
| 2047 | -234 | 83 |
| 2048 | -256 | 78 |
| 2049 | -279 | 73 |
| 2050 | -301 | 68 |
| 2051 | -324 | 62 |
| 2052 | -347 | 56 |
| 2053 | -371 | 49 |
| 2054 | -395 | 41 |
| 2055 | -420 | 33 |
| 2056 | -445 | 24 |
| 2057 | -470 | 15 |
| 2058 | -496 | 5 |
| 2059 | -522 | -6 |
| 2060 | -550 | -17 |
| 2061 | -578 | -29 |
| 2062 | -607 | -41 |
| 2063 | -636 | -55 |
| 2064 | -666 | -68 |
| 2065 | -697 | -83 |
| 2066 | -729 | -97 |
| 2067 | -761 | -113 |
| 2068 | -794 | -129 |
| 2069 | -827 | -145 |
| 2070 | -861 | -162 |
| 2071 | -896 | -180 |
| 2072 | -931 | -198 |
| 2073 | -967 | -217 |
| 2074 | -1004 | -237 |
| 2075 | -1042 | -257 |
| 2076 | -1081 | -277 |
| 2077 | -1121 | -299 |
| 2078 | -1162 | -321 |
| 2079 | -1204 | -344 |
| 2080 | -1248 | -367 |
| 2081 | -1292 | -391 |
| 2082 | -1337 | -415 |
| 2083 | -1384 | -440 |
| 2084 | -1431 | -465 |
| 2085 | -1480 | -491 |
| 2086 | -1530 | -517 |
| 2087 | -1581 | -544 |
| 2088 | -1633 | -572 |
| 2089 | -1686 | -600 |
| 2090 | -1740 | -628 |
| 2091 | -1795 | -656 |
| 2092 | -1850 | -685 |
| 2093 | -1906 | -714 |
| 2094 | -1962 | -743 |
| 2095 | -2019 | -772 |
| 2096 | -2075 | -801 |
| 2097 | -2132 | -830 |
| 2098 | -2189 | -859 |
| 2099 | -2246 | -888 |
| 2100 | -2303 | -918 |
| 2101 | -2359 | -947 |
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