Proposed Provision: Beginning in 2011, raise the taxable maximum each year by an additional 2 percent over the current-law, wage-indexed amount until total earnings subject to payroll taxes equals 90 percent of all covered earnings. Credit the earnings for benefit purposes.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 351 |
2013 | 346 | 346 |
2014 | 341 | 342 |
2015 | 335 | 338 |
2016 | 330 | 334 |
2017 | 324 | 329 |
2018 | 317 | 324 |
2019 | 309 | 318 |
2020 | 299 | 311 |
2021 | 289 | 303 |
2022 | 277 | 294 |
2023 | 264 | 284 |
2024 | 251 | 273 |
2025 | 237 | 261 |
2026 | 221 | 249 |
2027 | 205 | 236 |
2028 | 189 | 223 |
2029 | 171 | 209 |
2030 | 154 | 195 |
2031 | 136 | 181 |
2032 | 117 | 167 |
2033 | 98 | 152 |
2034 | 79 | 137 |
2035 | 59 | 122 |
2036 | 39 | 107 |
2037 | 19 | 93 |
2038 | -1 | 78 |
2039 | -21 | 63 |
2040 | -42 | 48 |
2041 | -63 | 33 |
2042 | -84 | 19 |
2043 | -105 | 5 |
2044 | -126 | -10 |
2045 | -147 | -24 |
2046 | -168 | -38 |
2047 | -189 | -52 |
2048 | -211 | -66 |
2049 | -233 | -80 |
2050 | -255 | -95 |
2051 | -277 | -109 |
2052 | -299 | -123 |
2053 | -321 | -138 |
2054 | -344 | -153 |
2055 | -366 | -168 |
2056 | -389 | -183 |
2057 | -412 | -199 |
2058 | -436 | -214 |
2059 | -460 | -231 |
2060 | -485 | -247 |
2061 | -509 | -264 |
2062 | -534 | -281 |
2063 | -560 | -299 |
2064 | -586 | -316 |
2065 | -612 | -334 |
2066 | -638 | -353 |
2067 | -665 | -372 |
2068 | -692 | -391 |
2069 | -720 | -410 |
2070 | -748 | -430 |
2071 | -776 | -450 |
2072 | -805 | -471 |
2073 | -834 | -492 |
2074 | -864 | -513 |
2075 | -894 | -535 |
2076 | -925 | -558 |
2077 | -957 | -580 |
2078 | -989 | -604 |
2079 | -1021 | -628 |
2080 | -1054 | -652 |
2081 | -1087 | -677 |
2082 | -1121 | -702 |
2083 | -1156 | -727 |
2084 | -1191 | -754 |
2085 | -1227 | -780 |
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