Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2017-2026). Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2016303303
2017293293
2018277277
2019262263
2020246251
2021231239
2022216228
2023200216
2024183204
2025165192
2026149180
2027132170
2028115159
202998148
203081137
203164126
203246115
203327103
2034891
2035-1179
2036-3066
2037-5053
2038-7140
2039-9126
2040-11213
2041-133-1
2042-154-14
2043-176-28
2044-197-41
2045-218-55
2046-240-68
2047-262-82
2048-283-95
2049-305-109
2050-327-122
2051-349-136
2052-371-150
2053-393-163
2054-415-177
2055-437-191
2056-460-206
2057-482-220
2058-506-235
2059-529-250
2060-553-266
2061-578-282
2062-603-298
2063-628-315
2064-654-332
2065-680-349
2066-706-367
2067-733-385
2068-760-403
2069-788-422
2070-816-441
2071-845-461
2072-874-481
2073-905-502
2074-935-523
2075-967-545
2076-1000-567
2077-1033-590
2078-1068-613
2079-1102-637
2080-1138-661
2081-1173-685
2082-1208-709
2083-1243-733
2084-1279-757
2085-1314-781
2086-1349-805
2087-1384-829
2088-1419-854
2089-1455-879
2090-1491-904
2091-1528-930
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