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
2021253253
2022231231
2023214214
2024196197
2025178179
2026159162
2027141145
2028122127
2029104110
20308593
20316676
20324658
20332741
2034724
2035-137
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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