Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2019 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.
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 | 246 |
| 2022 | 230 | 232 |
| 2023 | 215 | 218 |
| 2024 | 199 | 203 |
| 2025 | 182 | 188 |
| 2026 | 165 | 172 |
| 2027 | 148 | 156 |
| 2028 | 130 | 141 |
| 2029 | 112 | 125 |
| 2030 | 94 | 109 |
| 2031 | 75 | 93 |
| 2032 | 56 | 77 |
| 2033 | 37 | 60 |
| 2034 | 16 | 43 |
| 2035 | -4 | 25 |
| 2036 | -26 | 8 |
| 2037 | -47 | -11 |
| 2038 | -70 | -29 |
| 2039 | -92 | -47 |
| 2040 | -115 | -65 |
| 2041 | -138 | -84 |
| 2042 | -161 | -102 |
| 2043 | -184 | -120 |
| 2044 | -207 | -137 |
| 2045 | -230 | -155 |
| 2046 | -253 | -173 |
| 2047 | -276 | -190 |
| 2048 | -300 | -207 |
| 2049 | -323 | -224 |
| 2050 | -346 | -241 |
| 2051 | -370 | -258 |
| 2052 | -393 | -275 |
| 2053 | -417 | -292 |
| 2054 | -440 | -308 |
| 2055 | -464 | -325 |
| 2056 | -487 | -342 |
| 2057 | -511 | -359 |
| 2058 | -536 | -376 |
| 2059 | -560 | -394 |
| 2060 | -585 | -412 |
| 2061 | -611 | -431 |
| 2062 | -637 | -450 |
| 2063 | -663 | -469 |
| 2064 | -690 | -489 |
| 2065 | -717 | -509 |
| 2066 | -745 | -530 |
| 2067 | -772 | -551 |
| 2068 | -801 | -572 |
| 2069 | -829 | -593 |
| 2070 | -858 | -615 |
| 2071 | -888 | -638 |
| 2072 | -918 | -661 |
| 2073 | -949 | -685 |
| 2074 | -981 | -709 |
| 2075 | -1014 | -734 |
| 2076 | -1047 | -760 |
| 2077 | -1082 | -786 |
| 2078 | -1117 | -814 |
| 2079 | -1153 | -841 |
| 2080 | -1190 | -870 |
| 2081 | -1227 | -898 |
| 2082 | -1264 | -926 |
| 2083 | -1300 | -955 |
| 2084 | -1337 | -983 |
| 2085 | -1374 | -1011 |
| 2086 | -1410 | -1039 |
| 2087 | -1446 | -1068 |
| 2088 | -1483 | -1096 |
| 2089 | -1520 | -1125 |
| 2090 | -1557 | -1154 |
| 2091 | -1595 | -1183 |
| 2092 | -1633 | -1213 |
back