Proposed Provision: E3.3. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2023). 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 |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 263 |
| 2020 | 246 | 251 |
| 2021 | 231 | 240 |
| 2022 | 216 | 230 |
| 2023 | 200 | 219 |
| 2024 | 183 | 209 |
| 2025 | 165 | 197 |
| 2026 | 149 | 186 |
| 2027 | 132 | 175 |
| 2028 | 115 | 164 |
| 2029 | 98 | 153 |
| 2030 | 81 | 142 |
| 2031 | 64 | 131 |
| 2032 | 46 | 119 |
| 2033 | 27 | 107 |
| 2034 | 8 | 95 |
| 2035 | -11 | 82 |
| 2036 | -30 | 69 |
| 2037 | -50 | 56 |
| 2038 | -71 | 42 |
| 2039 | -91 | 28 |
| 2040 | -112 | 14 |
| 2041 | -133 | 0 |
| 2042 | -154 | -14 |
| 2043 | -176 | -28 |
| 2044 | -197 | -43 |
| 2045 | -218 | -57 |
| 2046 | -240 | -71 |
| 2047 | -262 | -85 |
| 2048 | -283 | -100 |
| 2049 | -305 | -114 |
| 2050 | -327 | -129 |
| 2051 | -349 | -144 |
| 2052 | -371 | -158 |
| 2053 | -393 | -173 |
| 2054 | -415 | -188 |
| 2055 | -437 | -204 |
| 2056 | -460 | -219 |
| 2057 | -482 | -235 |
| 2058 | -506 | -251 |
| 2059 | -529 | -268 |
| 2060 | -553 | -285 |
| 2061 | -578 | -303 |
| 2062 | -603 | -321 |
| 2063 | -628 | -339 |
| 2064 | -654 | -358 |
| 2065 | -680 | -377 |
| 2066 | -706 | -396 |
| 2067 | -733 | -416 |
| 2068 | -760 | -436 |
| 2069 | -788 | -457 |
| 2070 | -816 | -478 |
| 2071 | -845 | -500 |
| 2072 | -874 | -522 |
| 2073 | -905 | -545 |
| 2074 | -935 | -568 |
| 2075 | -967 | -592 |
| 2076 | -1000 | -617 |
| 2077 | -1033 | -642 |
| 2078 | -1068 | -668 |
| 2079 | -1102 | -694 |
| 2080 | -1138 | -720 |
| 2081 | -1173 | -747 |
| 2082 | -1208 | -773 |
| 2083 | -1243 | -800 |
| 2084 | -1279 | -827 |
| 2085 | -1314 | -853 |
| 2086 | -1349 | -880 |
| 2087 | -1384 | -907 |
| 2088 | -1419 | -934 |
| 2089 | -1455 | -962 |
| 2090 | -1491 | -990 |
| 2091 | -1528 | -1018 |
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