Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2025 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 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 135 |
| 2028 | 117 | 119 |
| 2029 | 101 | 103 |
| 2030 | 84 | 88 |
| 2031 | 68 | 74 |
| 2032 | 53 | 60 |
| 2033 | 37 | 47 |
| 2034 | 22 | 34 |
| 2035 | 7 | 21 |
| 2036 | -9 | 7 |
| 2037 | -26 | -6 |
| 2038 | -43 | -20 |
| 2039 | -60 | -34 |
| 2040 | -78 | -49 |
| 2041 | -96 | -63 |
| 2042 | -115 | -78 |
| 2043 | -135 | -93 |
| 2044 | -154 | -109 |
| 2045 | -174 | -124 |
| 2046 | -194 | -140 |
| 2047 | -215 | -155 |
| 2048 | -235 | -171 |
| 2049 | -256 | -186 |
| 2050 | -277 | -202 |
| 2051 | -299 | -218 |
| 2052 | -320 | -234 |
| 2053 | -342 | -250 |
| 2054 | -364 | -266 |
| 2055 | -386 | -282 |
| 2056 | -409 | -299 |
| 2057 | -431 | -316 |
| 2058 | -455 | -333 |
| 2059 | -478 | -350 |
| 2060 | -502 | -368 |
| 2061 | -527 | -386 |
| 2062 | -553 | -405 |
| 2063 | -579 | -424 |
| 2064 | -605 | -444 |
| 2065 | -632 | -464 |
| 2066 | -660 | -485 |
| 2067 | -688 | -506 |
| 2068 | -716 | -528 |
| 2069 | -745 | -550 |
| 2070 | -774 | -572 |
| 2071 | -803 | -595 |
| 2072 | -834 | -618 |
| 2073 | -864 | -642 |
| 2074 | -895 | -667 |
| 2075 | -927 | -691 |
| 2076 | -960 | -717 |
| 2077 | -993 | -743 |
| 2078 | -1027 | -770 |
| 2079 | -1062 | -798 |
| 2080 | -1098 | -826 |
| 2081 | -1134 | -855 |
| 2082 | -1172 | -884 |
| 2083 | -1209 | -914 |
| 2084 | -1248 | -945 |
| 2085 | -1287 | -976 |
| 2086 | -1327 | -1007 |
| 2087 | -1368 | -1040 |
| 2088 | -1409 | -1072 |
| 2089 | -1450 | -1104 |
| 2090 | -1491 | -1137 |
| 2091 | -1532 | -1169 |
| 2092 | -1573 | -1201 |
| 2093 | -1612 | -1232 |
| 2094 | -1651 | -1262 |
| 2095 | -1689 | -1292 |
| 2096 | -1727 | -1322 |
| 2097 | -1764 | -1352 |
| 2098 | -1801 | -1381 |
| 2099 | -1838 | -1410 |
back