Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2017 until taxable earnings equal 90 percent of covered earnings. 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
2020246249
2021231235
2022216221
2023200206
2024183191
2025165176
2026149161
2027132147
2028115132
202998118
203081104
20316489
20324675
20332760
2034845
2035-1129
2036-3014
2037-50-2
2038-71-18
2039-91-34
2040-112-50
2041-133-66
2042-154-82
2043-176-97
2044-197-113
2045-218-129
2046-240-144
2047-262-160
2048-283-175
2049-305-191
2050-327-206
2051-349-221
2052-371-237
2053-393-252
2054-415-267
2055-437-282
2056-460-298
2057-482-314
2058-506-331
2059-529-347
2060-553-365
2061-578-382
2062-603-400
2063-628-419
2064-654-438
2065-680-457
2066-706-477
2067-733-497
2068-760-517
2069-788-538
2070-816-560
2071-845-581
2072-874-604
2073-905-627
2074-935-650
2075-967-675
2076-1000-700
2077-1033-726
2078-1068-752
2079-1102-779
2080-1138-806
2081-1173-833
2082-1208-860
2083-1243-887
2084-1279-915
2085-1314-942
2086-1349-969
2087-1384-996
2088-1419-1024
2089-1455-1052
2090-1491-1081
2091-1528-1110
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