Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2015 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 315 |
2015 | 302 | 302 |
2016 | 290 | 290 |
2017 | 277 | 278 |
2018 | 265 | 267 |
2019 | 253 | 256 |
2020 | 240 | 244 |
2021 | 227 | 232 |
2022 | 212 | 219 |
2023 | 197 | 206 |
2024 | 181 | 192 |
2025 | 164 | 177 |
2026 | 147 | 162 |
2027 | 129 | 147 |
2028 | 110 | 131 |
2029 | 90 | 114 |
2030 | 70 | 96 |
2031 | 49 | 79 |
2032 | 27 | 60 |
2033 | 5 | 42 |
2034 | -18 | 23 |
2035 | -41 | 3 |
2036 | -65 | -16 |
2037 | -89 | -36 |
2038 | -114 | -55 |
2039 | -138 | -75 |
2040 | -163 | -95 |
2041 | -189 | -115 |
2042 | -215 | -135 |
2043 | -240 | -155 |
2044 | -266 | -175 |
2045 | -292 | -194 |
2046 | -319 | -214 |
2047 | -346 | -234 |
2048 | -373 | -254 |
2049 | -400 | -274 |
2050 | -428 | -295 |
2051 | -456 | -315 |
2052 | -484 | -335 |
2053 | -512 | -355 |
2054 | -540 | -375 |
2055 | -569 | -396 |
2056 | -598 | -417 |
2057 | -628 | -438 |
2058 | -657 | -459 |
2059 | -688 | -481 |
2060 | -719 | -503 |
2061 | -750 | -526 |
2062 | -782 | -548 |
2063 | -814 | -571 |
2064 | -847 | -595 |
2065 | -880 | -618 |
2066 | -913 | -642 |
2067 | -946 | -666 |
2068 | -980 | -690 |
2069 | -1014 | -715 |
2070 | -1049 | -739 |
2071 | -1084 | -765 |
2072 | -1120 | -790 |
2073 | -1156 | -817 |
2074 | -1193 | -843 |
2075 | -1230 | -870 |
2076 | -1268 | -898 |
2077 | -1307 | -926 |
2078 | -1346 | -954 |
2079 | -1385 | -982 |
2080 | -1425 | -1011 |
2081 | -1465 | -1040 |
2082 | -1505 | -1070 |
2083 | -1547 | -1100 |
2084 | -1588 | -1130 |
2085 | -1631 | -1161 |
2086 | -1673 | -1193 |
2087 | -1717 | -1225 |
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