Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2020-2029). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 246 |
| 2022 | 229 | 232 |
| 2023 | 213 | 219 |
| 2024 | 197 | 205 |
| 2025 | 180 | 193 |
| 2026 | 163 | 180 |
| 2027 | 147 | 168 |
| 2028 | 130 | 157 |
| 2029 | 114 | 146 |
| 2030 | 97 | 135 |
| 2031 | 80 | 124 |
| 2032 | 63 | 113 |
| 2033 | 46 | 102 |
| 2034 | 28 | 90 |
| 2035 | 10 | 79 |
| 2036 | -9 | 67 |
| 2037 | -28 | 54 |
| 2038 | -47 | 42 |
| 2039 | -67 | 29 |
| 2040 | -87 | 15 |
| 2041 | -108 | 2 |
| 2042 | -129 | -11 |
| 2043 | -150 | -25 |
| 2044 | -171 | -38 |
| 2045 | -192 | -52 |
| 2046 | -213 | -65 |
| 2047 | -234 | -79 |
| 2048 | -255 | -92 |
| 2049 | -276 | -105 |
| 2050 | -297 | -118 |
| 2051 | -318 | -131 |
| 2052 | -338 | -144 |
| 2053 | -359 | -158 |
| 2054 | -380 | -171 |
| 2055 | -401 | -184 |
| 2056 | -422 | -198 |
| 2057 | -444 | -211 |
| 2058 | -465 | -225 |
| 2059 | -487 | -239 |
| 2060 | -509 | -253 |
| 2061 | -531 | -268 |
| 2062 | -554 | -283 |
| 2063 | -577 | -299 |
| 2064 | -601 | -314 |
| 2065 | -625 | -330 |
| 2066 | -649 | -347 |
| 2067 | -674 | -363 |
| 2068 | -699 | -381 |
| 2069 | -724 | -398 |
| 2070 | -749 | -416 |
| 2071 | -776 | -434 |
| 2072 | -802 | -452 |
| 2073 | -830 | -471 |
| 2074 | -857 | -491 |
| 2075 | -885 | -510 |
| 2076 | -914 | -531 |
| 2077 | -944 | -552 |
| 2078 | -975 | -573 |
| 2079 | -1007 | -595 |
| 2080 | -1039 | -618 |
| 2081 | -1072 | -640 |
| 2082 | -1106 | -663 |
| 2083 | -1139 | -687 |
| 2084 | -1173 | -710 |
| 2085 | -1207 | -733 |
| 2086 | -1242 | -757 |
| 2087 | -1275 | -780 |
| 2088 | -1309 | -803 |
| 2089 | -1342 | -826 |
| 2090 | -1375 | -849 |
| 2091 | -1407 | -871 |
| 2092 | -1439 | -893 |
| 2093 | -1471 | -916 |
| 2094 | -1503 | -938 |
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