Proposed Provision: E2.2. Eliminate the taxable maximum in years 2026 and later, and apply full 12.4 percent payroll tax rate to all earnings. 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 | 134 |
| 2032 | 43 | 131 |
| 2033 | 26 | 128 |
| 2034 | 9 | 126 |
| 2035 | -9 | 123 |
| 2036 | -27 | 119 |
| 2037 | -45 | 116 |
| 2038 | -63 | 111 |
| 2039 | -83 | 107 |
| 2040 | -102 | 102 |
| 2041 | -122 | 97 |
| 2042 | -143 | 92 |
| 2043 | -164 | 87 |
| 2044 | -185 | 81 |
| 2045 | -206 | 75 |
| 2046 | -228 | 68 |
| 2047 | -250 | 62 |
| 2048 | -272 | 55 |
| 2049 | -295 | 47 |
| 2050 | -317 | 39 |
| 2051 | -340 | 31 |
| 2052 | -363 | 23 |
| 2053 | -386 | 14 |
| 2054 | -409 | 4 |
| 2055 | -433 | -6 |
| 2056 | -457 | -17 |
| 2057 | -481 | -28 |
| 2058 | -505 | -39 |
| 2059 | -530 | -52 |
| 2060 | -556 | -64 |
| 2061 | -582 | -78 |
| 2062 | -609 | -92 |
| 2063 | -636 | -106 |
| 2064 | -664 | -121 |
| 2065 | -692 | -136 |
| 2066 | -721 | -152 |
| 2067 | -750 | -168 |
| 2068 | -780 | -185 |
| 2069 | -810 | -202 |
| 2070 | -840 | -220 |
| 2071 | -871 | -238 |
| 2072 | -903 | -256 |
| 2073 | -935 | -275 |
| 2074 | -967 | -295 |
| 2075 | -1000 | -315 |
| 2076 | -1035 | -336 |
| 2077 | -1070 | -357 |
| 2078 | -1106 | -379 |
| 2079 | -1142 | -401 |
| 2080 | -1180 | -424 |
| 2081 | -1219 | -447 |
| 2082 | -1258 | -471 |
| 2083 | -1298 | -495 |
| 2084 | -1338 | -519 |
| 2085 | -1380 | -544 |
| 2086 | -1423 | -569 |
| 2087 | -1466 | -594 |
| 2088 | -1510 | -620 |
| 2089 | -1554 | -646 |
| 2090 | -1599 | -672 |
| 2091 | -1643 | -697 |
| 2092 | -1687 | -723 |
| 2093 | -1731 | -748 |
| 2094 | -1774 | -773 |
| 2095 | -1816 | -798 |
| 2096 | -1858 | -822 |
| 2097 | -1900 | -846 |
| 2098 | -1941 | -871 |
| 2099 | -1982 | -894 |
| 2100 | -2022 | -918 |
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