Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2015 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.
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 | 302 |
| 2016 | 290 | 290 |
| 2017 | 277 | 278 |
| 2018 | 265 | 267 |
| 2019 | 253 | 256 |
| 2020 | 240 | 244 |
| 2021 | 227 | 232 |
| 2022 | 212 | 219 |
| 2023 | 197 | 206 |
| 2024 | 181 | 192 |
| 2025 | 164 | 177 |
| 2026 | 147 | 162 |
| 2027 | 129 | 147 |
| 2028 | 110 | 131 |
| 2029 | 90 | 114 |
| 2030 | 70 | 96 |
| 2031 | 49 | 79 |
| 2032 | 27 | 60 |
| 2033 | 5 | 42 |
| 2034 | -18 | 23 |
| 2035 | -41 | 3 |
| 2036 | -65 | -16 |
| 2037 | -89 | -36 |
| 2038 | -114 | -55 |
| 2039 | -138 | -75 |
| 2040 | -163 | -95 |
| 2041 | -189 | -115 |
| 2042 | -215 | -135 |
| 2043 | -240 | -155 |
| 2044 | -266 | -175 |
| 2045 | -292 | -194 |
| 2046 | -319 | -214 |
| 2047 | -346 | -234 |
| 2048 | -373 | -254 |
| 2049 | -400 | -274 |
| 2050 | -428 | -295 |
| 2051 | -456 | -315 |
| 2052 | -484 | -335 |
| 2053 | -512 | -355 |
| 2054 | -540 | -375 |
| 2055 | -569 | -396 |
| 2056 | -598 | -417 |
| 2057 | -628 | -438 |
| 2058 | -657 | -459 |
| 2059 | -688 | -481 |
| 2060 | -719 | -503 |
| 2061 | -750 | -526 |
| 2062 | -782 | -548 |
| 2063 | -814 | -571 |
| 2064 | -847 | -595 |
| 2065 | -880 | -618 |
| 2066 | -913 | -642 |
| 2067 | -946 | -666 |
| 2068 | -980 | -690 |
| 2069 | -1014 | -715 |
| 2070 | -1049 | -739 |
| 2071 | -1084 | -765 |
| 2072 | -1120 | -790 |
| 2073 | -1156 | -817 |
| 2074 | -1193 | -843 |
| 2075 | -1230 | -870 |
| 2076 | -1268 | -898 |
| 2077 | -1307 | -926 |
| 2078 | -1346 | -954 |
| 2079 | -1385 | -982 |
| 2080 | -1425 | -1011 |
| 2081 | -1465 | -1040 |
| 2082 | -1505 | -1070 |
| 2083 | -1547 | -1100 |
| 2084 | -1588 | -1130 |
| 2085 | -1631 | -1161 |
| 2086 | -1673 | -1193 |
| 2087 | -1717 | -1225 |
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