Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2023). Provide benefit credit for earnings up to the revised taxable maximum.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262263
2020246251
2021231240
2022216230
2023200219
2024183209
2025165197
2026149186
2027132175
2028115164
202998153
203081142
203164131
203246119
203327107
2034895
2035-1182
2036-3069
2037-5055
2038-7142
2039-9128
2040-11214
2041-1330
2042-154-15
2043-176-29
2044-197-43
2045-218-57
2046-240-72
2047-262-86
2048-283-101
2049-305-115
2050-327-130
2051-349-145
2052-371-160
2053-393-175
2054-415-190
2055-437-205
2056-460-221
2057-482-237
2058-506-253
2059-529-270
2060-553-287
2061-578-305
2062-603-323
2063-628-342
2064-654-361
2065-680-380
2066-706-400
2067-733-420
2068-760-440
2069-788-461
2070-816-482
2071-845-504
2072-874-526
2073-905-549
2074-935-573
2075-967-597
2076-1000-622
2077-1033-647
2078-1068-673
2079-1102-700
2080-1138-726
2081-1173-753
2082-1208-780
2083-1243-807
2084-1279-834
2085-1314-861
2086-1349-888
2087-1384-915
2088-1419-942
2089-1455-970
2090-1491-998
2091-1528-1027
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