Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2024-2033). 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
2023204204
2024187187
2025168169
2026149152
2027131137
2028114122
202996108
20307895
20316082
20324370
20332557
2034745
2035-1233
2036-3121
2037-518
2038-70-6
2039-91-19
2040-112-33
2041-133-48
2042-154-62
2043-176-77
2044-198-92
2045-220-108
2046-243-123
2047-265-139
2048-288-155
2049-311-171
2050-333-187
2051-357-203
2052-380-220
2053-403-237
2054-427-254
2055-450-271
2056-474-289
2057-498-307
2058-522-325
2059-547-344
2060-572-363
2061-597-383
2062-623-403
2063-650-424
2064-677-446
2065-705-468
2066-733-490
2067-762-513
2068-791-536
2069-820-560
2070-850-584
2071-880-608
2072-911-633
2073-942-659
2074-974-685
2075-1006-711
2076-1039-739
2077-1074-767
2078-1108-795
2079-1144-825
2080-1181-855
2081-1218-886
2082-1256-917
2083-1294-948
2084-1333-981
2085-1373-1013
2086-1413-1046
2087-1453-1079
2088-1494-1112
2089-1534-1145
2090-1574-1177
2091-1613-1210
2092-1651-1241
2093-1689-1272
2094-1726-1303
2095-1762-1333
2096-1798-1362
2097-1833-1391
2098-1868-1420
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