Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2013-2018). Provide benefit credit for earnings up to the revised taxable maximum levels.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 341 |
| 2014 | 334 | 336 |
| 2015 | 328 | 332 |
| 2016 | 321 | 330 |
| 2017 | 314 | 328 |
| 2018 | 306 | 326 |
| 2019 | 296 | 323 |
| 2020 | 284 | 318 |
| 2021 | 272 | 312 |
| 2022 | 259 | 305 |
| 2023 | 245 | 298 |
| 2024 | 230 | 289 |
| 2025 | 214 | 280 |
| 2026 | 198 | 270 |
| 2027 | 181 | 259 |
| 2028 | 164 | 247 |
| 2029 | 145 | 235 |
| 2030 | 127 | 223 |
| 2031 | 107 | 209 |
| 2032 | 87 | 196 |
| 2033 | 67 | 182 |
| 2034 | 46 | 168 |
| 2035 | 25 | 154 |
| 2036 | 4 | 139 |
| 2037 | -18 | 125 |
| 2038 | -40 | 110 |
| 2039 | -62 | 95 |
| 2040 | -85 | 80 |
| 2041 | -108 | 65 |
| 2042 | -130 | 50 |
| 2043 | -153 | 35 |
| 2044 | -176 | 20 |
| 2045 | -200 | 5 |
| 2046 | -223 | -10 |
| 2047 | -247 | -26 |
| 2048 | -271 | -41 |
| 2049 | -295 | -57 |
| 2050 | -319 | -73 |
| 2051 | -343 | -89 |
| 2052 | -368 | -105 |
| 2053 | -393 | -121 |
| 2054 | -418 | -138 |
| 2055 | -443 | -154 |
| 2056 | -468 | -171 |
| 2057 | -494 | -189 |
| 2058 | -521 | -207 |
| 2059 | -548 | -225 |
| 2060 | -575 | -243 |
| 2061 | -602 | -262 |
| 2062 | -630 | -281 |
| 2063 | -659 | -300 |
| 2064 | -687 | -320 |
| 2065 | -716 | -339 |
| 2066 | -746 | -359 |
| 2067 | -775 | -380 |
| 2068 | -805 | -400 |
| 2069 | -835 | -421 |
| 2070 | -866 | -442 |
| 2071 | -897 | -464 |
| 2072 | -928 | -486 |
| 2073 | -960 | -508 |
| 2074 | -992 | -531 |
| 2075 | -1025 | -554 |
| 2076 | -1058 | -578 |
| 2077 | -1092 | -602 |
| 2078 | -1126 | -626 |
| 2079 | -1161 | -651 |
| 2080 | -1196 | -676 |
| 2081 | -1232 | -701 |
| 2082 | -1268 | -727 |
| 2083 | -1305 | -754 |
| 2084 | -1342 | -781 |
| 2085 | -1380 | -808 |
| 2086 | -1419 | -836 |
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