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 |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 302 |
2016 | 286 | 288 |
2017 | 271 | 277 |
2018 | 257 | 267 |
2019 | 244 | 258 |
2020 | 231 | 249 |
2021 | 218 | 241 |
2022 | 204 | 232 |
2023 | 189 | 223 |
2024 | 173 | 214 |
2025 | 158 | 204 |
2026 | 142 | 194 |
2027 | 125 | 184 |
2028 | 108 | 173 |
2029 | 90 | 161 |
2030 | 71 | 149 |
2031 | 52 | 136 |
2032 | 31 | 123 |
2033 | 11 | 109 |
2034 | -11 | 94 |
2035 | -32 | 79 |
2036 | -55 | 64 |
2037 | -78 | 49 |
2038 | -101 | 33 |
2039 | -124 | 17 |
2040 | -148 | 2 |
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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