Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2027-2036). 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 |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 112 |
| 2029 | 92 | 95 |
| 2030 | 74 | 80 |
| 2031 | 57 | 65 |
| 2032 | 40 | 53 |
| 2033 | 23 | 41 |
| 2034 | 7 | 30 |
| 2035 | -9 | 20 |
| 2036 | -25 | 10 |
| 2037 | -41 | 0 |
| 2038 | -58 | -10 |
| 2039 | -76 | -21 |
| 2040 | -94 | -32 |
| 2041 | -112 | -44 |
| 2042 | -132 | -56 |
| 2043 | -151 | -69 |
| 2044 | -171 | -82 |
| 2045 | -192 | -96 |
| 2046 | -213 | -110 |
| 2047 | -234 | -124 |
| 2048 | -256 | -139 |
| 2049 | -279 | -154 |
| 2050 | -301 | -170 |
| 2051 | -324 | -186 |
| 2052 | -347 | -202 |
| 2053 | -371 | -219 |
| 2054 | -395 | -237 |
| 2055 | -420 | -255 |
| 2056 | -445 | -273 |
| 2057 | -470 | -292 |
| 2058 | -496 | -312 |
| 2059 | -522 | -332 |
| 2060 | -550 | -353 |
| 2061 | -578 | -375 |
| 2062 | -607 | -397 |
| 2063 | -636 | -420 |
| 2064 | -666 | -444 |
| 2065 | -697 | -469 |
| 2066 | -729 | -494 |
| 2067 | -761 | -520 |
| 2068 | -794 | -546 |
| 2069 | -827 | -573 |
| 2070 | -861 | -601 |
| 2071 | -896 | -629 |
| 2072 | -931 | -658 |
| 2073 | -967 | -687 |
| 2074 | -1004 | -718 |
| 2075 | -1042 | -749 |
| 2076 | -1081 | -782 |
| 2077 | -1121 | -815 |
| 2078 | -1162 | -849 |
| 2079 | -1204 | -884 |
| 2080 | -1248 | -920 |
| 2081 | -1292 | -957 |
| 2082 | -1337 | -995 |
| 2083 | -1384 | -1033 |
| 2084 | -1431 | -1073 |
| 2085 | -1480 | -1114 |
| 2086 | -1530 | -1155 |
| 2087 | -1581 | -1198 |
| 2088 | -1633 | -1241 |
| 2089 | -1686 | -1285 |
| 2090 | -1740 | -1331 |
| 2091 | -1795 | -1376 |
| 2092 | -1850 | -1422 |
| 2093 | -1906 | -1468 |
| 2094 | -1962 | -1515 |
| 2095 | -2019 | -1562 |
| 2096 | -2075 | -1609 |
| 2097 | -2132 | -1657 |
| 2098 | -2189 | -1704 |
| 2099 | -2246 | -1751 |
| 2100 | -2303 | -1799 |
| 2101 | -2359 | -1846 |
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