Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2012-2021). Provide benefit credit for earnings up to the revised taxable maximum levels.

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

Year Present Law Provision
2011353353
2012347347
2013341342
2014334337
2015328333
2016321330
2017314327
2018306324
2019296319
2020284313
2021272307
2022259300
2023245292
2024230284
2025214275
2026198265
2027181254
2028164242
2029145230
2030127218
2031107205
203287191
203367177
203446163
203525149
20364134
2037-18120
2038-40105
2039-6290
2040-8575
2041-10860
2042-13045
2043-15330
2044-17615
2045-2000
2046-223-15
2047-247-31
2048-271-46
2049-295-62
2050-319-78
2051-343-94
2052-368-110
2053-393-127
2054-418-143
2055-443-160
2056-468-177
2057-494-194
2058-521-212
2059-548-230
2060-575-249
2061-602-268
2062-630-287
2063-659-306
2064-687-325
2065-716-345
2066-746-365
2067-775-386
2068-805-406
2069-835-427
2070-866-448
2071-897-470
2072-928-492
2073-960-514
2074-992-537
2075-1025-560
2076-1058-584
2077-1092-608
2078-1126-632
2079-1161-657
2080-1196-682
2081-1232-708
2082-1268-734
2083-1305-761
2084-1342-788
2085-1380-815
2086-1419-843
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