Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2022 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 |
Current Law |
Provision |
2021 | 253 | 253 |
2022 | 231 | 231 |
2023 | 214 | 214 |
2024 | 196 | 197 |
2025 | 178 | 179 |
2026 | 159 | 162 |
2027 | 141 | 145 |
2028 | 122 | 127 |
2029 | 104 | 110 |
2030 | 85 | 93 |
2031 | 66 | 76 |
2032 | 46 | 58 |
2033 | 27 | 41 |
2034 | 7 | 24 |
2035 | -13 | 7 |
2036 | -33 | -11 |
2037 | -54 | -29 |
2038 | -76 | -47 |
2039 | -97 | -65 |
2040 | -119 | -83 |
2041 | -142 | -102 |
2042 | -165 | -120 |
2043 | -188 | -139 |
2044 | -211 | -158 |
2045 | -235 | -177 |
2046 | -258 | -196 |
2047 | -282 | -214 |
2048 | -306 | -233 |
2049 | -330 | -252 |
2050 | -354 | -271 |
2051 | -378 | -290 |
2052 | -403 | -308 |
2053 | -427 | -327 |
2054 | -452 | -346 |
2055 | -477 | -365 |
2056 | -502 | -384 |
2057 | -527 | -403 |
2058 | -552 | -422 |
2059 | -578 | -442 |
2060 | -604 | -461 |
2061 | -630 | -481 |
2062 | -657 | -502 |
2063 | -684 | -523 |
2064 | -712 | -544 |
2065 | -740 | -566 |
2066 | -768 | -588 |
2067 | -796 | -610 |
2068 | -825 | -633 |
2069 | -855 | -656 |
2070 | -884 | -679 |
2071 | -914 | -703 |
2072 | -945 | -727 |
2073 | -976 | -751 |
2074 | -1007 | -776 |
2075 | -1039 | -802 |
2076 | -1071 | -828 |
2077 | -1105 | -855 |
2078 | -1139 | -883 |
2079 | -1175 | -911 |
2080 | -1211 | -940 |
2081 | -1248 | -970 |
2082 | -1286 | -1000 |
2083 | -1324 | -1031 |
2084 | -1363 | -1063 |
2085 | -1403 | -1094 |
2086 | -1443 | -1126 |
2087 | -1483 | -1159 |
2088 | -1524 | -1191 |
2089 | -1564 | -1224 |
2090 | -1604 | -1256 |
2091 | -1643 | -1287 |
2092 | -1681 | -1317 |
2093 | -1718 | -1346 |
2094 | -1754 | -1375 |
2095 | -1789 | -1404 |
2096 | -1825 | -1432 |
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