Proposed Provision: E3.14. Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning in 2019. For the employee payroll tax (6.2 percent) and for benefit credit purposes, beginning in 2019, increase the taxable maximum by an additional 2 percent per year until taxable earnings equal 90 percent of covered earnings.

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

Year Current Law Provision
2018288288
2019272272
2020256264
2021239255
2022223246
2023206237
2024188227
2025171217
2026154207
2027137197
2028120188
2029104178
203086168
203169159
203251149
203333140
203414130
2035-5119
2036-25109
2037-4698
2038-6787
2039-8876
2040-11065
2041-13254
2042-15443
2043-17632
2044-19921
2045-22110
2046-2440
2047-267-11
2048-289-21
2049-312-31
2050-335-42
2051-358-52
2052-381-62
2053-403-72
2054-426-83
2055-450-93
2056-473-104
2057-496-115
2058-520-126
2059-544-137
2060-569-149
2061-594-161
2062-619-174
2063-645-187
2064-671-200
2065-698-214
2066-725-228
2067-752-242
2068-780-257
2069-808-272
2070-837-288
2071-866-304
2072-896-320
2073-927-337
2074-958-355
2075-990-373
2076-1023-391
2077-1057-410
2078-1092-430
2079-1128-450
2080-1165-470
2081-1202-490
2082-1240-511
2083-1278-532
2084-1316-553
2085-1354-574
2086-1392-595
2087-1430-616
2088-1468-637
2089-1505-659
2090-1543-680
2091-1580-701
2092-1618-722
2093-1655-744
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