Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2023). Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2013330330
2014315315
2015301302
2016286288
2017271277
2018257267
2019244258
2020231249
2021218241
2022204232
2023189223
2024173214
2025158204
2026142194
2027125184
2028108173
202990161
203071149
203152136
203231123
203311109
2034-1194
2035-3279
2036-5564
2037-7849
2038-10133
2039-12417
2040-1482
2041-172-14
2042-196-30
2043-220-46
2044-245-62
2045-269-78
2046-294-94
2047-319-111
2048-345-127
2049-371-144
2050-397-161
2051-423-178
2052-449-195
2053-476-212
2054-502-230
2055-530-247
2056-557-265
2057-585-284
2058-613-303
2059-642-322
2060-671-342
2061-701-362
2062-732-383
2063-763-404
2064-794-425
2065-826-447
2066-859-469
2067-892-492
2068-925-515
2069-959-538
2070-993-562
2071-1028-586
2072-1064-611
2073-1101-637
2074-1139-663
2075-1178-690
2076-1217-717
2077-1258-745
2078-1299-774
2079-1340-802
2080-1382-831
2081-1424-860
2082-1466-890
2083-1508-919
2084-1550-948
2085-1592-978
2086-1635-1008
2087-1678-1038
2088-1722-1069
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