Proposed Provision: E2.6. Apply a 3 percent payroll tax on earnings above the current-law taxable maximum starting in 2022. Do not provide benefit credit for earnings above the current-law taxable maximum.

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

Year Current Law Provision
2021253253
2022231231
2023214218
2024196204
2025178190
2026159175
2027141160
2028122145
2029104129
203085113
20316697
20324681
20332765
2034748
2035-1332
2036-3316
2037-54-1
2038-76-19
2039-97-36
2040-119-54
2041-142-72
2042-165-91
2043-188-110
2044-211-129
2045-235-148
2046-258-167
2047-282-186
2048-306-205
2049-330-225
2050-354-245
2051-378-264
2052-403-284
2053-427-304
2054-452-325
2055-477-345
2056-502-366
2057-527-386
2058-552-407
2059-578-428
2060-604-450
2061-630-471
2062-657-494
2063-684-516
2064-712-539
2065-740-563
2066-768-586
2067-796-610
2068-825-635
2069-855-659
2070-884-684
2071-914-709
2072-945-735
2073-976-761
2074-1007-787
2075-1039-814
2076-1071-842
2077-1105-871
2078-1139-900
2079-1175-930
2080-1211-960
2081-1248-992
2082-1286-1023
2083-1324-1055
2084-1363-1088
2085-1403-1121
2086-1443-1155
2087-1483-1188
2088-1524-1222
2089-1564-1256
2090-1604-1289
2091-1643-1321
2092-1681-1353
2093-1718-1383
2094-1754-1413
2095-1789-1443
2096-1825-1472
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