Proposed Provision: E3.6. Increase the taxable maximum each year by an additional 2 percent beginning in 2024 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159160
2027141143
2028122125
2029104107
20308590
20316672
20324655
20332737
2034719
2035-132
2036-33-16
2037-54-34
2038-76-52
2039-97-71
2040-119-90
2041-142-108
2042-165-127
2043-188-146
2044-211-165
2045-235-184
2046-258-203
2047-282-222
2048-306-241
2049-330-260
2050-354-279
2051-378-298
2052-403-317
2053-427-336
2054-452-355
2055-477-374
2056-502-392
2057-527-411
2058-552-430
2059-578-450
2060-604-469
2061-630-488
2062-657-508
2063-684-529
2064-712-550
2065-740-571
2066-768-592
2067-796-614
2068-825-636
2069-855-658
2070-884-680
2071-914-703
2072-945-726
2073-976-750
2074-1007-774
2075-1039-799
2076-1071-824
2077-1105-850
2078-1139-876
2079-1175-904
2080-1211-932
2081-1248-960
2082-1286-989
2083-1324-1018
2084-1363-1048
2085-1403-1078
2086-1443-1109
2087-1483-1139
2088-1524-1170
2089-1564-1201
2090-1604-1231
2091-1643-1260
2092-1681-1288
2093-1718-1316
2094-1754-1342
2095-1789-1369
2096-1825-1395
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