Proposed Provision: Increase the taxable maximum (contribution and benefit base) by an additional 2 percent over normal indexing starting in 2013, until 90 percent of OASDI covered earnings is taxable (achieved in 2050). The present-law taxable maximum is retained for benefit purposes; no benefit credit is given for earnings above the present-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2010 | 355 | 355 |
| 2011 | 353 | 353 |
| 2012 | 350 | 350 |
| 2013 | 346 | 346 |
| 2014 | 341 | 341 |
| 2015 | 335 | 336 |
| 2016 | 330 | 332 |
| 2017 | 324 | 327 |
| 2018 | 317 | 321 |
| 2019 | 309 | 315 |
| 2020 | 299 | 307 |
| 2021 | 289 | 298 |
| 2022 | 277 | 289 |
| 2023 | 264 | 278 |
| 2024 | 251 | 267 |
| 2025 | 237 | 256 |
| 2026 | 221 | 243 |
| 2027 | 205 | 230 |
| 2028 | 189 | 217 |
| 2029 | 171 | 203 |
| 2030 | 154 | 189 |
| 2031 | 136 | 174 |
| 2032 | 117 | 160 |
| 2033 | 98 | 145 |
| 2034 | 79 | 130 |
| 2035 | 59 | 115 |
| 2036 | 39 | 100 |
| 2037 | 19 | 85 |
| 2038 | -1 | 70 |
| 2039 | -21 | 56 |
| 2040 | -42 | 41 |
| 2041 | -63 | 26 |
| 2042 | -84 | 12 |
| 2043 | -105 | -2 |
| 2044 | -126 | -17 |
| 2045 | -147 | -31 |
| 2046 | -168 | -44 |
| 2047 | -189 | -58 |
| 2048 | -211 | -72 |
| 2049 | -233 | -86 |
| 2050 | -255 | -100 |
| 2051 | -277 | -113 |
| 2052 | -299 | -127 |
| 2053 | -321 | -141 |
| 2054 | -344 | -155 |
| 2055 | -366 | -169 |
| 2056 | -389 | -183 |
| 2057 | -412 | -198 |
| 2058 | -436 | -213 |
| 2059 | -460 | -228 |
| 2060 | -485 | -243 |
| 2061 | -509 | -259 |
| 2062 | -534 | -275 |
| 2063 | -560 | -291 |
| 2064 | -586 | -308 |
| 2065 | -612 | -324 |
| 2066 | -638 | -341 |
| 2067 | -665 | -359 |
| 2068 | -692 | -376 |
| 2069 | -720 | -394 |
| 2070 | -748 | -413 |
| 2071 | -776 | -431 |
| 2072 | -805 | -450 |
| 2073 | -834 | -470 |
| 2074 | -864 | -489 |
| 2075 | -894 | -510 |
| 2076 | -925 | -530 |
| 2077 | -957 | -551 |
| 2078 | -989 | -573 |
| 2079 | -1021 | -595 |
| 2080 | -1054 | -617 |
| 2081 | -1087 | -640 |
| 2082 | -1121 | -663 |
| 2083 | -1156 | -687 |
| 2084 | -1191 | -711 |
| 2085 | -1227 | -735 |
back