Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2026-2035). 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 |
2025 | 169 | 169 |
2026 | 149 | 149 |
2027 | 131 | 132 |
2028 | 113 | 116 |
2029 | 95 | 101 |
2030 | 78 | 86 |
2031 | 60 | 73 |
2032 | 43 | 60 |
2033 | 26 | 48 |
2034 | 9 | 36 |
2035 | -9 | 25 |
2036 | -27 | 14 |
2037 | -45 | 2 |
2038 | -63 | -10 |
2039 | -83 | -22 |
2040 | -102 | -35 |
2041 | -122 | -49 |
2042 | -143 | -62 |
2043 | -164 | -76 |
2044 | -185 | -90 |
2045 | -206 | -105 |
2046 | -228 | -119 |
2047 | -250 | -134 |
2048 | -272 | -149 |
2049 | -295 | -164 |
2050 | -317 | -180 |
2051 | -340 | -196 |
2052 | -363 | -212 |
2053 | -386 | -228 |
2054 | -409 | -245 |
2055 | -433 | -261 |
2056 | -457 | -279 |
2057 | -481 | -296 |
2058 | -505 | -314 |
2059 | -530 | -333 |
2060 | -556 | -352 |
2061 | -582 | -372 |
2062 | -609 | -392 |
2063 | -636 | -413 |
2064 | -664 | -434 |
2065 | -692 | -456 |
2066 | -721 | -478 |
2067 | -750 | -501 |
2068 | -780 | -524 |
2069 | -810 | -547 |
2070 | -840 | -571 |
2071 | -871 | -595 |
2072 | -903 | -620 |
2073 | -935 | -646 |
2074 | -967 | -672 |
2075 | -1000 | -698 |
2076 | -1035 | -726 |
2077 | -1070 | -754 |
2078 | -1106 | -783 |
2079 | -1142 | -812 |
2080 | -1180 | -843 |
2081 | -1219 | -873 |
2082 | -1258 | -905 |
2083 | -1298 | -937 |
2084 | -1338 | -970 |
2085 | -1380 | -1003 |
2086 | -1423 | -1038 |
2087 | -1466 | -1072 |
2088 | -1510 | -1107 |
2089 | -1554 | -1143 |
2090 | -1599 | -1178 |
2091 | -1643 | -1213 |
2092 | -1687 | -1249 |
2093 | -1731 | -1283 |
2094 | -1774 | -1318 |
2095 | -1816 | -1351 |
2096 | -1858 | -1385 |
2097 | -1900 | -1418 |
2098 | -1941 | -1451 |
2099 | -1982 | -1484 |
2100 | -2022 | -1516 |
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