Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2019). 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 |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 315 |
| 2015 | 302 | 304 |
| 2016 | 290 | 294 |
| 2017 | 277 | 287 |
| 2018 | 265 | 280 |
| 2019 | 253 | 274 |
| 2020 | 240 | 268 |
| 2021 | 227 | 261 |
| 2022 | 212 | 252 |
| 2023 | 197 | 243 |
| 2024 | 181 | 233 |
| 2025 | 164 | 222 |
| 2026 | 147 | 210 |
| 2027 | 129 | 198 |
| 2028 | 110 | 185 |
| 2029 | 90 | 171 |
| 2030 | 70 | 156 |
| 2031 | 49 | 141 |
| 2032 | 27 | 125 |
| 2033 | 5 | 109 |
| 2034 | -18 | 93 |
| 2035 | -41 | 76 |
| 2036 | -65 | 59 |
| 2037 | -89 | 42 |
| 2038 | -114 | 24 |
| 2039 | -138 | 6 |
| 2040 | -163 | -11 |
| 2041 | -189 | -29 |
| 2042 | -215 | -48 |
| 2043 | -240 | -66 |
| 2044 | -266 | -84 |
| 2045 | -292 | -103 |
| 2046 | -319 | -121 |
| 2047 | -346 | -140 |
| 2048 | -373 | -159 |
| 2049 | -400 | -178 |
| 2050 | -428 | -198 |
| 2051 | -456 | -217 |
| 2052 | -484 | -237 |
| 2053 | -512 | -257 |
| 2054 | -540 | -277 |
| 2055 | -569 | -298 |
| 2056 | -598 | -319 |
| 2057 | -628 | -340 |
| 2058 | -657 | -361 |
| 2059 | -688 | -383 |
| 2060 | -719 | -405 |
| 2061 | -750 | -428 |
| 2062 | -782 | -451 |
| 2063 | -814 | -474 |
| 2064 | -847 | -498 |
| 2065 | -880 | -522 |
| 2066 | -913 | -546 |
| 2067 | -946 | -570 |
| 2068 | -980 | -595 |
| 2069 | -1014 | -620 |
| 2070 | -1049 | -645 |
| 2071 | -1084 | -671 |
| 2072 | -1120 | -697 |
| 2073 | -1156 | -724 |
| 2074 | -1193 | -751 |
| 2075 | -1230 | -779 |
| 2076 | -1268 | -807 |
| 2077 | -1307 | -836 |
| 2078 | -1346 | -865 |
| 2079 | -1385 | -894 |
| 2080 | -1425 | -924 |
| 2081 | -1465 | -954 |
| 2082 | -1505 | -984 |
| 2083 | -1547 | -1015 |
| 2084 | -1588 | -1046 |
| 2085 | -1631 | -1078 |
| 2086 | -1673 | -1111 |
| 2087 | -1717 | -1143 |
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