Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2023 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
2022230230
2023211211
2024194195
2025177178
2026160161
2027143145
2028126130
2029109114
20309199
20317483
20325768
20333952
20342137
2035322
2036-166
2037-35-10
2038-54-26
2039-74-43
2040-95-59
2041-116-76
2042-137-93
2043-158-110
2044-180-127
2045-202-144
2046-224-161
2047-246-178
2048-268-195
2049-291-212
2050-313-230
2051-336-247
2052-359-264
2053-383-282
2054-406-299
2055-430-317
2056-453-334
2057-477-352
2058-501-370
2059-525-388
2060-550-406
2061-575-425
2062-601-444
2063-627-464
2064-654-485
2065-681-505
2066-708-526
2067-736-548
2068-764-569
2069-792-592
2070-821-614
2071-850-637
2072-880-660
2073-910-684
2074-940-708
2075-971-733
2076-1003-759
2077-1036-785
2078-1069-812
2079-1104-840
2080-1139-868
2081-1175-897
2082-1212-927
2083-1249-957
2084-1286-987
2085-1324-1018
2086-1363-1049
2087-1402-1081
2088-1442-1112
2089-1481-1144
2090-1520-1175
2091-1558-1206
2092-1595-1236
2093-1632-1266
2094-1668-1295
2095-1703-1324
2096-1738-1352
2097-1773-1380
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