Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2015-2020). Provide benefit credit for earnings up to the revised taxable maximum levels.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 287 |
| 2017 | 271 | 276 |
| 2018 | 257 | 266 |
| 2019 | 244 | 259 |
| 2020 | 231 | 251 |
| 2021 | 218 | 245 |
| 2022 | 204 | 237 |
| 2023 | 189 | 228 |
| 2024 | 173 | 219 |
| 2025 | 158 | 209 |
| 2026 | 142 | 198 |
| 2027 | 125 | 188 |
| 2028 | 108 | 177 |
| 2029 | 90 | 165 |
| 2030 | 71 | 152 |
| 2031 | 52 | 139 |
| 2032 | 31 | 125 |
| 2033 | 11 | 110 |
| 2034 | -11 | 95 |
| 2035 | -32 | 80 |
| 2036 | -55 | 64 |
| 2037 | -78 | 49 |
| 2038 | -101 | 32 |
| 2039 | -124 | 16 |
| 2040 | -148 | 0 |
| 2041 | -172 | -17 |
| 2042 | -196 | -34 |
| 2043 | -220 | -50 |
| 2044 | -245 | -67 |
| 2045 | -269 | -84 |
| 2046 | -294 | -101 |
| 2047 | -319 | -119 |
| 2048 | -345 | -137 |
| 2049 | -371 | -154 |
| 2050 | -397 | -172 |
| 2051 | -423 | -190 |
| 2052 | -449 | -209 |
| 2053 | -476 | -227 |
| 2054 | -502 | -246 |
| 2055 | -530 | -266 |
| 2056 | -557 | -285 |
| 2057 | -585 | -305 |
| 2058 | -613 | -326 |
| 2059 | -642 | -347 |
| 2060 | -671 | -368 |
| 2061 | -701 | -390 |
| 2062 | -732 | -412 |
| 2063 | -763 | -435 |
| 2064 | -794 | -458 |
| 2065 | -826 | -482 |
| 2066 | -859 | -506 |
| 2067 | -892 | -531 |
| 2068 | -925 | -556 |
| 2069 | -959 | -581 |
| 2070 | -993 | -607 |
| 2071 | -1028 | -634 |
| 2072 | -1064 | -661 |
| 2073 | -1101 | -689 |
| 2074 | -1139 | -718 |
| 2075 | -1178 | -747 |
| 2076 | -1217 | -777 |
| 2077 | -1258 | -808 |
| 2078 | -1299 | -839 |
| 2079 | -1340 | -870 |
| 2080 | -1382 | -902 |
| 2081 | -1424 | -934 |
| 2082 | -1466 | -966 |
| 2083 | -1508 | -998 |
| 2084 | -1550 | -1030 |
| 2085 | -1592 | -1062 |
| 2086 | -1635 | -1095 |
| 2087 | -1678 | -1128 |
| 2088 | -1722 | -1162 |
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