Proposed Provision: E2.1. Eliminate the taxable maximum in years 2026 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
2025169169
2026149149
2027131146
2028113143
202995141
203078138
203160135
203243131
203326130
20349127
2035-9125
2036-27122
2037-45119
2038-63116
2039-83113
2040-102109
2041-122105
2042-143102
2043-16498
2044-18594
2045-20689
2046-22885
2047-25081
2048-27276
2049-29571
2050-31766
2051-34060
2052-36355
2053-38649
2054-40942
2055-43336
2056-45728
2057-48121
2058-50513
2059-5304
2060-556-5
2061-582-14
2062-609-24
2063-636-34
2064-664-45
2065-692-56
2066-721-67
2067-750-79
2068-780-91
2069-810-103
2070-840-116
2071-871-129
2072-903-142
2073-935-156
2074-967-171
2075-1000-185
2076-1035-201
2077-1070-216
2078-1106-232
2079-1142-249
2080-1180-265
2081-1219-282
2082-1258-299
2083-1298-317
2084-1338-334
2085-1380-352
2086-1423-370
2087-1466-389
2088-1510-407
2089-1554-425
2090-1599-443
2091-1643-461
2092-1687-479
2093-1731-496
2094-1774-513
2095-1816-530
2096-1858-547
2097-1900-563
2098-1941-580
2099-1982-596
2100-2022-613
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