Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2017-2022). Provide benefit credit for earnings up to the revised taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 280 |
| 2018 | 264 | 266 |
| 2019 | 248 | 253 |
| 2020 | 233 | 242 |
| 2021 | 219 | 233 |
| 2022 | 204 | 224 |
| 2023 | 189 | 215 |
| 2024 | 173 | 206 |
| 2025 | 157 | 196 |
| 2026 | 142 | 187 |
| 2027 | 126 | 177 |
| 2028 | 110 | 167 |
| 2029 | 94 | 157 |
| 2030 | 77 | 146 |
| 2031 | 60 | 135 |
| 2032 | 42 | 123 |
| 2033 | 23 | 111 |
| 2034 | 4 | 98 |
| 2035 | -16 | 85 |
| 2036 | -36 | 71 |
| 2037 | -57 | 57 |
| 2038 | -78 | 43 |
| 2039 | -100 | 29 |
| 2040 | -122 | 14 |
| 2041 | -144 | -1 |
| 2042 | -166 | -16 |
| 2043 | -189 | -31 |
| 2044 | -211 | -46 |
| 2045 | -234 | -61 |
| 2046 | -257 | -77 |
| 2047 | -280 | -92 |
| 2048 | -303 | -108 |
| 2049 | -327 | -124 |
| 2050 | -351 | -139 |
| 2051 | -375 | -156 |
| 2052 | -398 | -172 |
| 2053 | -423 | -188 |
| 2054 | -447 | -205 |
| 2055 | -472 | -222 |
| 2056 | -496 | -240 |
| 2057 | -522 | -257 |
| 2058 | -548 | -276 |
| 2059 | -574 | -295 |
| 2060 | -601 | -314 |
| 2061 | -629 | -334 |
| 2062 | -657 | -354 |
| 2063 | -685 | -375 |
| 2064 | -714 | -396 |
| 2065 | -744 | -418 |
| 2066 | -774 | -440 |
| 2067 | -804 | -462 |
| 2068 | -835 | -485 |
| 2069 | -867 | -509 |
| 2070 | -899 | -533 |
| 2071 | -932 | -558 |
| 2072 | -965 | -583 |
| 2073 | -1000 | -609 |
| 2074 | -1035 | -636 |
| 2075 | -1072 | -663 |
| 2076 | -1110 | -692 |
| 2077 | -1148 | -721 |
| 2078 | -1188 | -750 |
| 2079 | -1228 | -780 |
| 2080 | -1268 | -811 |
| 2081 | -1309 | -842 |
| 2082 | -1350 | -872 |
| 2083 | -1391 | -903 |
| 2084 | -1432 | -934 |
| 2085 | -1472 | -965 |
| 2086 | -1514 | -997 |
| 2087 | -1555 | -1028 |
| 2088 | -1597 | -1060 |
| 2089 | -1640 | -1093 |
| 2090 | -1683 | -1126 |
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