Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2023). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 302 |
| 2016 | 286 | 288 |
| 2017 | 271 | 277 |
| 2018 | 257 | 267 |
| 2019 | 244 | 258 |
| 2020 | 231 | 249 |
| 2021 | 218 | 241 |
| 2022 | 204 | 232 |
| 2023 | 189 | 223 |
| 2024 | 173 | 214 |
| 2025 | 158 | 204 |
| 2026 | 142 | 194 |
| 2027 | 125 | 184 |
| 2028 | 108 | 173 |
| 2029 | 90 | 161 |
| 2030 | 71 | 149 |
| 2031 | 52 | 136 |
| 2032 | 31 | 123 |
| 2033 | 11 | 109 |
| 2034 | -11 | 94 |
| 2035 | -32 | 79 |
| 2036 | -55 | 64 |
| 2037 | -78 | 49 |
| 2038 | -101 | 33 |
| 2039 | -124 | 17 |
| 2040 | -148 | 2 |
| 2041 | -172 | -14 |
| 2042 | -196 | -30 |
| 2043 | -220 | -46 |
| 2044 | -245 | -62 |
| 2045 | -269 | -78 |
| 2046 | -294 | -94 |
| 2047 | -319 | -111 |
| 2048 | -345 | -127 |
| 2049 | -371 | -144 |
| 2050 | -397 | -161 |
| 2051 | -423 | -178 |
| 2052 | -449 | -195 |
| 2053 | -476 | -212 |
| 2054 | -502 | -230 |
| 2055 | -530 | -247 |
| 2056 | -557 | -265 |
| 2057 | -585 | -284 |
| 2058 | -613 | -303 |
| 2059 | -642 | -322 |
| 2060 | -671 | -342 |
| 2061 | -701 | -362 |
| 2062 | -732 | -383 |
| 2063 | -763 | -404 |
| 2064 | -794 | -425 |
| 2065 | -826 | -447 |
| 2066 | -859 | -469 |
| 2067 | -892 | -492 |
| 2068 | -925 | -515 |
| 2069 | -959 | -538 |
| 2070 | -993 | -562 |
| 2071 | -1028 | -586 |
| 2072 | -1064 | -611 |
| 2073 | -1101 | -637 |
| 2074 | -1139 | -663 |
| 2075 | -1178 | -690 |
| 2076 | -1217 | -717 |
| 2077 | -1258 | -745 |
| 2078 | -1299 | -774 |
| 2079 | -1340 | -802 |
| 2080 | -1382 | -831 |
| 2081 | -1424 | -860 |
| 2082 | -1466 | -890 |
| 2083 | -1508 | -919 |
| 2084 | -1550 | -948 |
| 2085 | -1592 | -978 |
| 2086 | -1635 | -1008 |
| 2087 | -1678 | -1038 |
| 2088 | -1722 | -1069 |
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