Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2016 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 |
Present Law |
Provision |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 265 |
2019 | 248 | 250 |
2020 | 233 | 236 |
2021 | 219 | 223 |
2022 | 204 | 209 |
2023 | 189 | 196 |
2024 | 173 | 182 |
2025 | 157 | 168 |
2026 | 142 | 155 |
2027 | 126 | 142 |
2028 | 110 | 128 |
2029 | 94 | 115 |
2030 | 77 | 101 |
2031 | 60 | 87 |
2032 | 42 | 72 |
2033 | 23 | 57 |
2034 | 4 | 41 |
2035 | -16 | 25 |
2036 | -36 | 9 |
2037 | -57 | -7 |
2038 | -78 | -24 |
2039 | -100 | -41 |
2040 | -122 | -58 |
2041 | -144 | -75 |
2042 | -166 | -91 |
2043 | -189 | -108 |
2044 | -211 | -125 |
2045 | -234 | -142 |
2046 | -257 | -159 |
2047 | -280 | -176 |
2048 | -303 | -193 |
2049 | -327 | -209 |
2050 | -351 | -226 |
2051 | -375 | -243 |
2052 | -398 | -260 |
2053 | -423 | -277 |
2054 | -447 | -294 |
2055 | -472 | -312 |
2056 | -496 | -329 |
2057 | -522 | -347 |
2058 | -548 | -366 |
2059 | -574 | -385 |
2060 | -601 | -405 |
2061 | -629 | -425 |
2062 | -657 | -446 |
2063 | -685 | -467 |
2064 | -714 | -488 |
2065 | -744 | -510 |
2066 | -774 | -533 |
2067 | -804 | -556 |
2068 | -835 | -579 |
2069 | -867 | -603 |
2070 | -899 | -627 |
2071 | -932 | -652 |
2072 | -965 | -678 |
2073 | -1000 | -705 |
2074 | -1035 | -732 |
2075 | -1072 | -760 |
2076 | -1110 | -789 |
2077 | -1148 | -819 |
2078 | -1188 | -849 |
2079 | -1228 | -880 |
2080 | -1268 | -911 |
2081 | -1309 | -943 |
2082 | -1350 | -974 |
2083 | -1391 | -1006 |
2084 | -1432 | -1038 |
2085 | -1472 | -1069 |
2086 | -1514 | -1102 |
2087 | -1555 | -1134 |
2088 | -1597 | -1167 |
2089 | -1640 | -1200 |
2090 | -1683 | -1234 |
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