Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2014 until taxable earnings equal 90 percent of covered earnings. 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 | 286 |
| 2017 | 271 | 273 |
| 2018 | 257 | 260 |
| 2019 | 244 | 248 |
| 2020 | 231 | 236 |
| 2021 | 218 | 225 |
| 2022 | 204 | 212 |
| 2023 | 189 | 200 |
| 2024 | 173 | 187 |
| 2025 | 158 | 173 |
| 2026 | 142 | 160 |
| 2027 | 125 | 146 |
| 2028 | 108 | 131 |
| 2029 | 90 | 116 |
| 2030 | 71 | 101 |
| 2031 | 52 | 85 |
| 2032 | 31 | 68 |
| 2033 | 11 | 51 |
| 2034 | -11 | 34 |
| 2035 | -32 | 16 |
| 2036 | -55 | -2 |
| 2037 | -78 | -20 |
| 2038 | -101 | -38 |
| 2039 | -124 | -56 |
| 2040 | -148 | -75 |
| 2041 | -172 | -93 |
| 2042 | -196 | -112 |
| 2043 | -220 | -130 |
| 2044 | -245 | -149 |
| 2045 | -269 | -167 |
| 2046 | -294 | -186 |
| 2047 | -319 | -204 |
| 2048 | -345 | -223 |
| 2049 | -371 | -242 |
| 2050 | -397 | -260 |
| 2051 | -423 | -279 |
| 2052 | -449 | -298 |
| 2053 | -476 | -317 |
| 2054 | -502 | -337 |
| 2055 | -530 | -356 |
| 2056 | -557 | -376 |
| 2057 | -585 | -397 |
| 2058 | -613 | -418 |
| 2059 | -642 | -439 |
| 2060 | -671 | -461 |
| 2061 | -701 | -483 |
| 2062 | -732 | -506 |
| 2063 | -763 | -529 |
| 2064 | -794 | -553 |
| 2065 | -826 | -577 |
| 2066 | -859 | -602 |
| 2067 | -892 | -627 |
| 2068 | -925 | -652 |
| 2069 | -959 | -678 |
| 2070 | -993 | -705 |
| 2071 | -1028 | -732 |
| 2072 | -1064 | -759 |
| 2073 | -1101 | -788 |
| 2074 | -1139 | -817 |
| 2075 | -1178 | -847 |
| 2076 | -1217 | -878 |
| 2077 | -1258 | -909 |
| 2078 | -1299 | -941 |
| 2079 | -1340 | -973 |
| 2080 | -1382 | -1006 |
| 2081 | -1424 | -1038 |
| 2082 | -1466 | -1071 |
| 2083 | -1508 | -1104 |
| 2084 | -1550 | -1137 |
| 2085 | -1592 | -1170 |
| 2086 | -1635 | -1204 |
| 2087 | -1678 | -1238 |
| 2088 | -1722 | -1272 |
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