Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2017-2026). 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
2018277278
2019262264
2020246252
2021231240
2022216229
2023200217
2024183204
2025165192
2026149181
2027132170
2028115159
202998148
203081137
203164126
203246114
203327102
2034889
2035-1177
2036-3064
2037-5050
2038-7136
2039-9122
2040-1128
2041-133-6
2042-154-20
2043-176-34
2044-197-49
2045-218-63
2046-240-77
2047-262-92
2048-283-106
2049-305-121
2050-327-136
2051-349-150
2052-371-165
2053-393-180
2054-415-195
2055-437-211
2056-460-226
2057-482-242
2058-506-259
2059-529-276
2060-553-293
2061-578-311
2062-603-329
2063-628-347
2064-654-366
2065-680-385
2066-706-405
2067-733-425
2068-760-446
2069-788-466
2070-816-488
2071-845-509
2072-874-532
2073-905-555
2074-935-578
2075-967-603
2076-1000-627
2077-1033-653
2078-1068-679
2079-1102-705
2080-1138-732
2081-1173-759
2082-1208-786
2083-1243-813
2084-1279-840
2085-1314-866
2086-1349-893
2087-1384-921
2088-1419-948
2089-1455-976
2090-1491-1004
2091-1528-1033
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