Proposed Provision: E3.14. Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning in 2018. For the employee payroll tax (6.2 percent) and for benefit credit purposes, beginning in 2018, increase the taxable maximum by an additional 2 percent per year until taxable earnings equal 90 percent of covered earnings.

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

Year Current Law Provision
2017298298
2018287287
2019273281
2020259275
2021245269
2022230262
2023215254
2024199246
2025182236
2026165226
2027148216
2028130205
2029112195
203094184
203175174
203256163
203337152
203416141
2035-4129
2036-26117
2037-47105
2038-7093
2039-9281
2040-11569
2041-13858
2042-16146
2043-18434
2044-20723
2045-23012
2046-2531
2047-276-10
2048-300-21
2049-323-32
2050-346-42
2051-370-53
2052-393-63
2053-417-74
2054-440-85
2055-464-96
2056-487-107
2057-511-118
2058-536-130
2059-560-142
2060-585-154
2061-611-167
2062-637-180
2063-663-193
2064-690-207
2065-717-221
2066-745-236
2067-772-251
2068-801-266
2069-829-281
2070-858-297
2071-888-314
2072-918-330
2073-949-348
2074-981-366
2075-1014-384
2076-1047-402
2077-1082-422
2078-1117-441
2079-1153-461
2080-1190-482
2081-1227-502
2082-1264-523
2083-1300-543
2084-1337-564
2085-1374-585
2086-1410-605
2087-1446-626
2088-1483-647
2089-1520-669
2090-1557-690
2091-1595-713
2092-1633-735
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