Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2022 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 197 |
| 2025 | 178 | 179 |
| 2026 | 159 | 162 |
| 2027 | 141 | 145 |
| 2028 | 122 | 127 |
| 2029 | 104 | 110 |
| 2030 | 85 | 93 |
| 2031 | 66 | 76 |
| 2032 | 46 | 58 |
| 2033 | 27 | 41 |
| 2034 | 7 | 24 |
| 2035 | -13 | 7 |
| 2036 | -33 | -11 |
| 2037 | -54 | -29 |
| 2038 | -76 | -47 |
| 2039 | -97 | -65 |
| 2040 | -119 | -83 |
| 2041 | -142 | -102 |
| 2042 | -165 | -120 |
| 2043 | -188 | -139 |
| 2044 | -211 | -158 |
| 2045 | -235 | -177 |
| 2046 | -258 | -196 |
| 2047 | -282 | -214 |
| 2048 | -306 | -233 |
| 2049 | -330 | -252 |
| 2050 | -354 | -271 |
| 2051 | -378 | -290 |
| 2052 | -403 | -308 |
| 2053 | -427 | -327 |
| 2054 | -452 | -346 |
| 2055 | -477 | -365 |
| 2056 | -502 | -384 |
| 2057 | -527 | -403 |
| 2058 | -552 | -422 |
| 2059 | -578 | -442 |
| 2060 | -604 | -461 |
| 2061 | -630 | -481 |
| 2062 | -657 | -502 |
| 2063 | -684 | -523 |
| 2064 | -712 | -544 |
| 2065 | -740 | -566 |
| 2066 | -768 | -588 |
| 2067 | -796 | -610 |
| 2068 | -825 | -633 |
| 2069 | -855 | -656 |
| 2070 | -884 | -679 |
| 2071 | -914 | -703 |
| 2072 | -945 | -727 |
| 2073 | -976 | -751 |
| 2074 | -1007 | -776 |
| 2075 | -1039 | -802 |
| 2076 | -1071 | -828 |
| 2077 | -1105 | -855 |
| 2078 | -1139 | -883 |
| 2079 | -1175 | -911 |
| 2080 | -1211 | -940 |
| 2081 | -1248 | -970 |
| 2082 | -1286 | -1000 |
| 2083 | -1324 | -1031 |
| 2084 | -1363 | -1063 |
| 2085 | -1403 | -1094 |
| 2086 | -1443 | -1126 |
| 2087 | -1483 | -1159 |
| 2088 | -1524 | -1191 |
| 2089 | -1564 | -1224 |
| 2090 | -1604 | -1256 |
| 2091 | -1643 | -1287 |
| 2092 | -1681 | -1317 |
| 2093 | -1718 | -1346 |
| 2094 | -1754 | -1375 |
| 2095 | -1789 | -1404 |
| 2096 | -1825 | -1432 |
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