Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2013-2022). Do not provide benefit credit for additional earnings taxed.

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

Year Present Law Provision
2012340340
2013329329
2014315316
2015302305
2016290295
2017277287
2018265279
2019253272
2020240264
2021227255
2022212247
2023197238
2024181228
2025164217
2026147206
2027129194
2028110181
202990167
203070153
203149139
203227123
20335108
2034-1892
2035-4175
2036-6559
2037-8942
2038-11425
2039-1388
2040-163-9
2041-189-26
2042-215-43
2043-240-61
2044-266-78
2045-292-96
2046-319-113
2047-346-131
2048-373-149
2049-400-167
2050-428-185
2051-456-204
2052-484-222
2053-512-241
2054-540-259
2055-569-278
2056-598-298
2057-628-317
2058-657-337
2059-688-357
2060-719-378
2061-750-398
2062-782-419
2063-814-441
2064-847-462
2065-880-484
2066-913-506
2067-946-528
2068-980-551
2069-1014-573
2070-1049-596
2071-1084-620
2072-1120-644
2073-1156-668
2074-1193-693
2075-1230-718
2076-1268-744
2077-1307-770
2078-1346-796
2079-1385-823
2080-1425-850
2081-1465-877
2082-1505-905
2083-1547-933
2084-1588-961
2085-1631-990
2086-1673-1020
2087-1717-1050
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