Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2023). 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 |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 302 |
| 2016 | 286 | 288 |
| 2017 | 271 | 277 |
| 2018 | 257 | 267 |
| 2019 | 244 | 257 |
| 2020 | 231 | 249 |
| 2021 | 218 | 241 |
| 2022 | 204 | 232 |
| 2023 | 189 | 223 |
| 2024 | 173 | 213 |
| 2025 | 158 | 203 |
| 2026 | 142 | 193 |
| 2027 | 125 | 183 |
| 2028 | 108 | 172 |
| 2029 | 90 | 160 |
| 2030 | 71 | 147 |
| 2031 | 52 | 134 |
| 2032 | 31 | 120 |
| 2033 | 11 | 105 |
| 2034 | -11 | 90 |
| 2035 | -32 | 75 |
| 2036 | -55 | 59 |
| 2037 | -78 | 43 |
| 2038 | -101 | 27 |
| 2039 | -124 | 11 |
| 2040 | -148 | -6 |
| 2041 | -172 | -22 |
| 2042 | -196 | -39 |
| 2043 | -220 | -56 |
| 2044 | -245 | -73 |
| 2045 | -269 | -90 |
| 2046 | -294 | -107 |
| 2047 | -319 | -124 |
| 2048 | -345 | -142 |
| 2049 | -371 | -160 |
| 2050 | -397 | -178 |
| 2051 | -423 | -196 |
| 2052 | -449 | -215 |
| 2053 | -476 | -233 |
| 2054 | -502 | -252 |
| 2055 | -530 | -271 |
| 2056 | -557 | -291 |
| 2057 | -585 | -311 |
| 2058 | -613 | -332 |
| 2059 | -642 | -353 |
| 2060 | -671 | -374 |
| 2061 | -701 | -396 |
| 2062 | -732 | -418 |
| 2063 | -763 | -441 |
| 2064 | -794 | -464 |
| 2065 | -826 | -488 |
| 2066 | -859 | -512 |
| 2067 | -892 | -537 |
| 2068 | -925 | -562 |
| 2069 | -959 | -588 |
| 2070 | -993 | -614 |
| 2071 | -1028 | -640 |
| 2072 | -1064 | -667 |
| 2073 | -1101 | -695 |
| 2074 | -1139 | -724 |
| 2075 | -1178 | -753 |
| 2076 | -1217 | -784 |
| 2077 | -1258 | -814 |
| 2078 | -1299 | -845 |
| 2079 | -1340 | -877 |
| 2080 | -1382 | -909 |
| 2081 | -1424 | -940 |
| 2082 | -1466 | -972 |
| 2083 | -1508 | -1005 |
| 2084 | -1550 | -1037 |
| 2085 | -1592 | -1069 |
| 2086 | -1635 | -1102 |
| 2087 | -1678 | -1136 |
| 2088 | -1722 | -1169 |
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