Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2012 until taxable earnings equal 90 percent of covered earnings. 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
2011353353
2012347347
2013341341
2014334335
2015328329
2016321324
2017314318
2018306311
2019296303
2020284293
2021272283
2022259272
2023245261
2024230249
2025214236
2026198223
2027181209
2028164195
2029145180
2030127165
2031107149
203287133
203367117
203446101
20352585
2036468
2037-1851
2038-4035
2039-6218
2040-852
2041-108-15
2042-130-32
2043-153-48
2044-176-64
2045-200-81
2046-223-97
2047-247-114
2048-271-130
2049-295-146
2050-319-163
2051-343-179
2052-368-196
2053-393-213
2054-418-230
2055-443-247
2056-468-265
2057-494-283
2058-521-301
2059-548-320
2060-575-339
2061-602-358
2062-630-377
2063-659-397
2064-687-417
2065-716-438
2066-746-458
2067-775-479
2068-805-500
2069-835-522
2070-866-543
2071-897-566
2072-928-588
2073-960-611
2074-992-634
2075-1025-658
2076-1058-682
2077-1092-707
2078-1126-732
2079-1161-757
2080-1196-783
2081-1232-810
2082-1268-836
2083-1305-864
2084-1342-891
2085-1380-920
2086-1419-948
back