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 |
2021 | 253 | 253 |
2022 | 231 | 231 |
2023 | 214 | 214 |
2024 | 196 | 196 |
2025 | 178 | 178 |
2026 | 159 | 160 |
2027 | 141 | 143 |
2028 | 122 | 125 |
2029 | 104 | 107 |
2030 | 85 | 90 |
2031 | 66 | 72 |
2032 | 46 | 55 |
2033 | 27 | 37 |
2034 | 7 | 19 |
2035 | -13 | 2 |
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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