Proposed Provision: E2.1. Eliminate the taxable maximum in years 2025 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not provide benefit credit for earnings above the current-law taxable maximum.

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

Year Current Law Provision
2024188188
2025171171
2026152168
2027134165
2028117163
2029101162
203084160
203168159
203253157
203337157
203422156
20357156
2036-9155
2037-26154
2038-43153
2039-60152
2040-78150
2041-96148
2042-115146
2043-135144
2044-154141
2045-174139
2046-194136
2047-215133
2048-235130
2049-256127
2050-277123
2051-299119
2052-320115
2053-342110
2054-364105
2055-386100
2056-40994
2057-43188
2058-45582
2059-47875
2060-50267
2061-52759
2062-55351
2063-57942
2064-60533
2065-63224
2066-66014
2067-6884
2068-716-6
2069-745-17
2070-774-28
2071-803-39
2072-834-51
2073-864-63
2074-895-76
2075-927-88
2076-960-102
2077-993-115
2078-1027-129
2079-1062-143
2080-1098-157
2081-1134-172
2082-1172-186
2083-1209-201
2084-1248-216
2085-1287-231
2086-1327-246
2087-1368-261
2088-1409-276
2089-1450-290
2090-1491-305
2091-1532-320
2092-1573-334
2093-1612-348
2094-1651-362
2095-1689-375
2096-1727-389
2097-1764-402
2098-1801-416
2099-1838-430
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