Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2017-2026). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 278 |
| 2019 | 262 | 264 |
| 2020 | 246 | 252 |
| 2021 | 231 | 240 |
| 2022 | 216 | 229 |
| 2023 | 200 | 217 |
| 2024 | 183 | 205 |
| 2025 | 165 | 192 |
| 2026 | 149 | 181 |
| 2027 | 132 | 170 |
| 2028 | 115 | 160 |
| 2029 | 98 | 149 |
| 2030 | 81 | 138 |
| 2031 | 64 | 127 |
| 2032 | 46 | 116 |
| 2033 | 27 | 104 |
| 2034 | 8 | 92 |
| 2035 | -11 | 79 |
| 2036 | -30 | 67 |
| 2037 | -50 | 54 |
| 2038 | -71 | 40 |
| 2039 | -91 | 27 |
| 2040 | -112 | 14 |
| 2041 | -133 | 0 |
| 2042 | -154 | -13 |
| 2043 | -176 | -27 |
| 2044 | -197 | -40 |
| 2045 | -218 | -54 |
| 2046 | -240 | -67 |
| 2047 | -262 | -81 |
| 2048 | -283 | -94 |
| 2049 | -305 | -108 |
| 2050 | -327 | -121 |
| 2051 | -349 | -135 |
| 2052 | -371 | -149 |
| 2053 | -393 | -162 |
| 2054 | -415 | -176 |
| 2055 | -437 | -190 |
| 2056 | -460 | -204 |
| 2057 | -482 | -219 |
| 2058 | -506 | -234 |
| 2059 | -529 | -249 |
| 2060 | -553 | -265 |
| 2061 | -578 | -281 |
| 2062 | -603 | -297 |
| 2063 | -628 | -314 |
| 2064 | -654 | -331 |
| 2065 | -680 | -348 |
| 2066 | -706 | -366 |
| 2067 | -733 | -384 |
| 2068 | -760 | -402 |
| 2069 | -788 | -421 |
| 2070 | -816 | -440 |
| 2071 | -845 | -460 |
| 2072 | -874 | -480 |
| 2073 | -905 | -501 |
| 2074 | -935 | -522 |
| 2075 | -967 | -543 |
| 2076 | -1000 | -566 |
| 2077 | -1033 | -589 |
| 2078 | -1068 | -612 |
| 2079 | -1102 | -636 |
| 2080 | -1138 | -659 |
| 2081 | -1173 | -683 |
| 2082 | -1208 | -708 |
| 2083 | -1243 | -732 |
| 2084 | -1279 | -756 |
| 2085 | -1314 | -780 |
| 2086 | -1349 | -804 |
| 2087 | -1384 | -828 |
| 2088 | -1419 | -853 |
| 2089 | -1455 | -877 |
| 2090 | -1491 | -903 |
| 2091 | -1528 | -928 |
back