Proposed Provision: E3.18. Increase the taxable maximum linearly over 4 years to $212,700 for 2022. After 2022, index the taxable maximum to AWI plus 0.5 percentage point. Apply benefit credit on additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2017298298
2018287287
2019273273
2020259260
2021245249
2022230237
2023215225
2024199213
2025182200
2026165186
2027148171
2028130157
2029112142
203094127
203175112
20325697
20333781
20341664
2035-447
2036-2630
2037-4712
2038-70-6
2039-92-24
2040-115-43
2041-138-61
2042-161-79
2043-184-98
2044-207-116
2045-230-134
2046-253-152
2047-276-170
2048-300-189
2049-323-207
2050-346-225
2051-370-243
2052-393-261
2053-417-279
2054-440-298
2055-464-316
2056-487-335
2057-511-353
2058-536-372
2059-560-392
2060-585-412
2061-611-432
2062-637-452
2063-663-473
2064-690-494
2065-717-516
2066-745-538
2067-772-560
2068-801-583
2069-829-606
2070-858-629
2071-888-653
2072-918-678
2073-949-703
2074-981-728
2075-1014-755
2076-1047-782
2077-1082-809
2078-1117-838
2079-1153-867
2080-1190-896
2081-1227-926
2082-1264-955
2083-1300-985
2084-1337-1014
2085-1374-1043
2086-1410-1073
2087-1446-1102
2088-1483-1131
2089-1520-1161
2090-1557-1191
2091-1595-1221
2092-1633-1252
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