Proposed Provision: E3.17. Beginning in 2023, increase the taxable maximum by twice the rate of increase in the national Average Wage Index, but never by less than 3 percent. Provide benefit credit for earnings up to the revised taxable maximum levels.
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 | 180 |
| 2026 | 159 | 163 |
| 2027 | 141 | 146 |
| 2028 | 122 | 130 |
| 2029 | 104 | 114 |
| 2030 | 85 | 97 |
| 2031 | 66 | 81 |
| 2032 | 46 | 65 |
| 2033 | 27 | 49 |
| 2034 | 7 | 33 |
| 2035 | -13 | 17 |
| 2036 | -33 | 1 |
| 2037 | -54 | -15 |
| 2038 | -76 | -31 |
| 2039 | -97 | -47 |
| 2040 | -119 | -64 |
| 2041 | -142 | -80 |
| 2042 | -165 | -97 |
| 2043 | -188 | -113 |
| 2044 | -211 | -130 |
| 2045 | -235 | -147 |
| 2046 | -258 | -163 |
| 2047 | -282 | -180 |
| 2048 | -306 | -196 |
| 2049 | -330 | -213 |
| 2050 | -354 | -229 |
| 2051 | -378 | -246 |
| 2052 | -403 | -262 |
| 2053 | -427 | -279 |
| 2054 | -452 | -295 |
| 2055 | -477 | -312 |
| 2056 | -502 | -328 |
| 2057 | -527 | -345 |
| 2058 | -552 | -362 |
| 2059 | -578 | -379 |
| 2060 | -604 | -396 |
| 2061 | -630 | -413 |
| 2062 | -657 | -431 |
| 2063 | -684 | -449 |
| 2064 | -712 | -467 |
| 2065 | -740 | -486 |
| 2066 | -768 | -504 |
| 2067 | -796 | -524 |
| 2068 | -825 | -543 |
| 2069 | -855 | -562 |
| 2070 | -884 | -582 |
| 2071 | -914 | -602 |
| 2072 | -945 | -623 |
| 2073 | -976 | -644 |
| 2074 | -1007 | -665 |
| 2075 | -1039 | -686 |
| 2076 | -1071 | -708 |
| 2077 | -1105 | -731 |
| 2078 | -1139 | -754 |
| 2079 | -1175 | -778 |
| 2080 | -1211 | -803 |
| 2081 | -1248 | -828 |
| 2082 | -1286 | -853 |
| 2083 | -1324 | -879 |
| 2084 | -1363 | -905 |
| 2085 | -1403 | -931 |
| 2086 | -1443 | -957 |
| 2087 | -1483 | -984 |
| 2088 | -1524 | -1010 |
| 2089 | -1564 | -1037 |
| 2090 | -1604 | -1062 |
| 2091 | -1643 | -1087 |
| 2092 | -1681 | -1112 |
| 2093 | -1718 | -1135 |
| 2094 | -1754 | -1158 |
| 2095 | -1789 | -1180 |
| 2096 | -1825 | -1203 |
back