Proposed Provision: E3.18. Increase the taxable maximum linearly over 4 years to $248,400 for 2026. After 2026, index the taxable maximum to AWI plus 0.5 percentage point. Apply benefit credit on 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 | 197 |
2025 | 178 | 181 |
2026 | 159 | 166 |
2027 | 141 | 151 |
2028 | 122 | 136 |
2029 | 104 | 121 |
2030 | 85 | 105 |
2031 | 66 | 90 |
2032 | 46 | 74 |
2033 | 27 | 58 |
2034 | 7 | 42 |
2035 | -13 | 25 |
2036 | -33 | 9 |
2037 | -54 | -8 |
2038 | -76 | -25 |
2039 | -97 | -43 |
2040 | -119 | -60 |
2041 | -142 | -78 |
2042 | -165 | -96 |
2043 | -188 | -115 |
2044 | -211 | -134 |
2045 | -235 | -153 |
2046 | -258 | -171 |
2047 | -282 | -190 |
2048 | -306 | -209 |
2049 | -330 | -229 |
2050 | -354 | -248 |
2051 | -378 | -268 |
2052 | -403 | -287 |
2053 | -427 | -307 |
2054 | -452 | -327 |
2055 | -477 | -347 |
2056 | -502 | -367 |
2057 | -527 | -387 |
2058 | -552 | -408 |
2059 | -578 | -429 |
2060 | -604 | -450 |
2061 | -630 | -471 |
2062 | -657 | -493 |
2063 | -684 | -515 |
2064 | -712 | -538 |
2065 | -740 | -561 |
2066 | -768 | -584 |
2067 | -796 | -608 |
2068 | -825 | -632 |
2069 | -855 | -656 |
2070 | -884 | -680 |
2071 | -914 | -705 |
2072 | -945 | -731 |
2073 | -976 | -756 |
2074 | -1007 | -782 |
2075 | -1039 | -809 |
2076 | -1071 | -836 |
2077 | -1105 | -865 |
2078 | -1139 | -893 |
2079 | -1175 | -923 |
2080 | -1211 | -953 |
2081 | -1248 | -984 |
2082 | -1286 | -1015 |
2083 | -1324 | -1047 |
2084 | -1363 | -1079 |
2085 | -1403 | -1112 |
2086 | -1443 | -1145 |
2087 | -1483 | -1178 |
2088 | -1524 | -1212 |
2089 | -1564 | -1245 |
2090 | -1604 | -1278 |
2091 | -1643 | -1309 |
2092 | -1681 | -1340 |
2093 | -1718 | -1370 |
2094 | -1754 | -1400 |
2095 | -1789 | -1429 |
2096 | -1825 | -1458 |
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