Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2022-2031). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 215 |
| 2024 | 196 | 199 |
| 2025 | 178 | 183 |
| 2026 | 159 | 168 |
| 2027 | 141 | 153 |
| 2028 | 122 | 138 |
| 2029 | 104 | 124 |
| 2030 | 85 | 110 |
| 2031 | 66 | 96 |
| 2032 | 46 | 83 |
| 2033 | 27 | 69 |
| 2034 | 7 | 55 |
| 2035 | -13 | 41 |
| 2036 | -33 | 27 |
| 2037 | -54 | 13 |
| 2038 | -76 | -2 |
| 2039 | -97 | -17 |
| 2040 | -119 | -32 |
| 2041 | -142 | -48 |
| 2042 | -165 | -64 |
| 2043 | -188 | -80 |
| 2044 | -211 | -96 |
| 2045 | -235 | -112 |
| 2046 | -258 | -128 |
| 2047 | -282 | -145 |
| 2048 | -306 | -161 |
| 2049 | -330 | -178 |
| 2050 | -354 | -195 |
| 2051 | -378 | -212 |
| 2052 | -403 | -229 |
| 2053 | -427 | -246 |
| 2054 | -452 | -263 |
| 2055 | -477 | -281 |
| 2056 | -502 | -298 |
| 2057 | -527 | -316 |
| 2058 | -552 | -334 |
| 2059 | -578 | -352 |
| 2060 | -604 | -371 |
| 2061 | -630 | -389 |
| 2062 | -657 | -409 |
| 2063 | -684 | -428 |
| 2064 | -712 | -448 |
| 2065 | -740 | -469 |
| 2066 | -768 | -489 |
| 2067 | -796 | -510 |
| 2068 | -825 | -531 |
| 2069 | -855 | -553 |
| 2070 | -884 | -574 |
| 2071 | -914 | -597 |
| 2072 | -945 | -619 |
| 2073 | -976 | -642 |
| 2074 | -1007 | -665 |
| 2075 | -1039 | -689 |
| 2076 | -1071 | -713 |
| 2077 | -1105 | -738 |
| 2078 | -1139 | -764 |
| 2079 | -1175 | -791 |
| 2080 | -1211 | -817 |
| 2081 | -1248 | -845 |
| 2082 | -1286 | -873 |
| 2083 | -1324 | -901 |
| 2084 | -1363 | -930 |
| 2085 | -1403 | -958 |
| 2086 | -1443 | -988 |
| 2087 | -1483 | -1017 |
| 2088 | -1524 | -1047 |
| 2089 | -1564 | -1076 |
| 2090 | -1604 | -1104 |
| 2091 | -1643 | -1132 |
| 2092 | -1681 | -1160 |
| 2093 | -1718 | -1186 |
| 2094 | -1754 | -1212 |
| 2095 | -1789 | -1238 |
| 2096 | -1825 | -1263 |
back