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 |
2025 | 169 | 169 |
2026 | 149 | 149 |
2027 | 131 | 146 |
2028 | 113 | 143 |
2029 | 95 | 141 |
2030 | 78 | 138 |
2031 | 60 | 135 |
2032 | 43 | 131 |
2033 | 26 | 130 |
2034 | 9 | 127 |
2035 | -9 | 125 |
2036 | -27 | 122 |
2037 | -45 | 119 |
2038 | -63 | 116 |
2039 | -83 | 113 |
2040 | -102 | 109 |
2041 | -122 | 105 |
2042 | -143 | 102 |
2043 | -164 | 98 |
2044 | -185 | 94 |
2045 | -206 | 89 |
2046 | -228 | 85 |
2047 | -250 | 81 |
2048 | -272 | 76 |
2049 | -295 | 71 |
2050 | -317 | 66 |
2051 | -340 | 60 |
2052 | -363 | 55 |
2053 | -386 | 49 |
2054 | -409 | 42 |
2055 | -433 | 36 |
2056 | -457 | 28 |
2057 | -481 | 21 |
2058 | -505 | 13 |
2059 | -530 | 4 |
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 |
back