Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2019-2028). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 257 |
| 2021 | 239 | 242 |
| 2022 | 223 | 228 |
| 2023 | 206 | 214 |
| 2024 | 188 | 201 |
| 2025 | 171 | 188 |
| 2026 | 154 | 175 |
| 2027 | 137 | 164 |
| 2028 | 120 | 152 |
| 2029 | 104 | 141 |
| 2030 | 86 | 130 |
| 2031 | 69 | 118 |
| 2032 | 51 | 107 |
| 2033 | 33 | 95 |
| 2034 | 14 | 82 |
| 2035 | -5 | 69 |
| 2036 | -25 | 56 |
| 2037 | -46 | 42 |
| 2038 | -67 | 28 |
| 2039 | -88 | 14 |
| 2040 | -110 | 0 |
| 2041 | -132 | -15 |
| 2042 | -154 | -30 |
| 2043 | -176 | -45 |
| 2044 | -199 | -59 |
| 2045 | -221 | -74 |
| 2046 | -244 | -89 |
| 2047 | -267 | -103 |
| 2048 | -289 | -118 |
| 2049 | -312 | -132 |
| 2050 | -335 | -147 |
| 2051 | -358 | -162 |
| 2052 | -381 | -176 |
| 2053 | -403 | -191 |
| 2054 | -426 | -206 |
| 2055 | -450 | -221 |
| 2056 | -473 | -236 |
| 2057 | -496 | -251 |
| 2058 | -520 | -267 |
| 2059 | -544 | -283 |
| 2060 | -569 | -299 |
| 2061 | -594 | -315 |
| 2062 | -619 | -332 |
| 2063 | -645 | -350 |
| 2064 | -671 | -367 |
| 2065 | -698 | -386 |
| 2066 | -725 | -404 |
| 2067 | -752 | -423 |
| 2068 | -780 | -442 |
| 2069 | -808 | -461 |
| 2070 | -837 | -481 |
| 2071 | -866 | -502 |
| 2072 | -896 | -523 |
| 2073 | -927 | -544 |
| 2074 | -958 | -566 |
| 2075 | -990 | -588 |
| 2076 | -1023 | -611 |
| 2077 | -1057 | -635 |
| 2078 | -1092 | -660 |
| 2079 | -1128 | -685 |
| 2080 | -1165 | -710 |
| 2081 | -1202 | -736 |
| 2082 | -1240 | -762 |
| 2083 | -1278 | -788 |
| 2084 | -1316 | -815 |
| 2085 | -1354 | -841 |
| 2086 | -1392 | -868 |
| 2087 | -1430 | -894 |
| 2088 | -1468 | -920 |
| 2089 | -1505 | -946 |
| 2090 | -1543 | -972 |
| 2091 | -1580 | -999 |
| 2092 | -1618 | -1025 |
| 2093 | -1655 | -1051 |
back