Proposed Provision: E3.6. Increase the taxable maximum each year by an additional 2 percent beginning in 2020 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 231 |
| 2023 | 215 | 216 |
| 2024 | 199 | 201 |
| 2025 | 182 | 186 |
| 2026 | 165 | 170 |
| 2027 | 148 | 155 |
| 2028 | 130 | 139 |
| 2029 | 112 | 123 |
| 2030 | 94 | 107 |
| 2031 | 75 | 91 |
| 2032 | 56 | 74 |
| 2033 | 37 | 57 |
| 2034 | 16 | 40 |
| 2035 | -4 | 22 |
| 2036 | -26 | 5 |
| 2037 | -47 | -14 |
| 2038 | -70 | -32 |
| 2039 | -92 | -50 |
| 2040 | -115 | -69 |
| 2041 | -138 | -87 |
| 2042 | -161 | -105 |
| 2043 | -184 | -123 |
| 2044 | -207 | -141 |
| 2045 | -230 | -158 |
| 2046 | -253 | -176 |
| 2047 | -276 | -193 |
| 2048 | -300 | -210 |
| 2049 | -323 | -227 |
| 2050 | -346 | -244 |
| 2051 | -370 | -261 |
| 2052 | -393 | -277 |
| 2053 | -417 | -294 |
| 2054 | -440 | -310 |
| 2055 | -464 | -327 |
| 2056 | -487 | -343 |
| 2057 | -511 | -360 |
| 2058 | -536 | -377 |
| 2059 | -560 | -394 |
| 2060 | -585 | -412 |
| 2061 | -611 | -430 |
| 2062 | -637 | -448 |
| 2063 | -663 | -467 |
| 2064 | -690 | -486 |
| 2065 | -717 | -505 |
| 2066 | -745 | -525 |
| 2067 | -772 | -545 |
| 2068 | -801 | -565 |
| 2069 | -829 | -586 |
| 2070 | -858 | -607 |
| 2071 | -888 | -629 |
| 2072 | -918 | -651 |
| 2073 | -949 | -674 |
| 2074 | -981 | -697 |
| 2075 | -1014 | -721 |
| 2076 | -1047 | -746 |
| 2077 | -1082 | -771 |
| 2078 | -1117 | -797 |
| 2079 | -1153 | -824 |
| 2080 | -1190 | -850 |
| 2081 | -1227 | -877 |
| 2082 | -1264 | -904 |
| 2083 | -1300 | -931 |
| 2084 | -1337 | -958 |
| 2085 | -1374 | -985 |
| 2086 | -1410 | -1012 |
| 2087 | -1446 | -1039 |
| 2088 | -1483 | -1066 |
| 2089 | -1520 | -1093 |
| 2090 | -1557 | -1120 |
| 2091 | -1595 | -1148 |
| 2092 | -1633 | -1177 |
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