Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2016 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 |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 301 |
2016 | 286 | 286 |
2017 | 271 | 271 |
2018 | 257 | 258 |
2019 | 244 | 246 |
2020 | 231 | 234 |
2021 | 218 | 222 |
2022 | 204 | 209 |
2023 | 189 | 196 |
2024 | 173 | 182 |
2025 | 158 | 169 |
2026 | 142 | 155 |
2027 | 125 | 140 |
2028 | 108 | 126 |
2029 | 90 | 111 |
2030 | 71 | 95 |
2031 | 52 | 79 |
2032 | 31 | 62 |
2033 | 11 | 45 |
2034 | -11 | 27 |
2035 | -32 | 9 |
2036 | -55 | -9 |
2037 | -78 | -27 |
2038 | -101 | -46 |
2039 | -124 | -64 |
2040 | -148 | -83 |
2041 | -172 | -101 |
2042 | -196 | -120 |
2043 | -220 | -138 |
2044 | -245 | -157 |
2045 | -269 | -175 |
2046 | -294 | -194 |
2047 | -319 | -212 |
2048 | -345 | -231 |
2049 | -371 | -250 |
2050 | -397 | -268 |
2051 | -423 | -287 |
2052 | -449 | -306 |
2053 | -476 | -325 |
2054 | -502 | -343 |
2055 | -530 | -363 |
2056 | -557 | -382 |
2057 | -585 | -402 |
2058 | -613 | -422 |
2059 | -642 | -443 |
2060 | -671 | -464 |
2061 | -701 | -486 |
2062 | -732 | -508 |
2063 | -763 | -530 |
2064 | -794 | -553 |
2065 | -826 | -576 |
2066 | -859 | -600 |
2067 | -892 | -624 |
2068 | -925 | -648 |
2069 | -959 | -673 |
2070 | -993 | -699 |
2071 | -1028 | -725 |
2072 | -1064 | -751 |
2073 | -1101 | -779 |
2074 | -1139 | -806 |
2075 | -1178 | -835 |
2076 | -1217 | -864 |
2077 | -1258 | -894 |
2078 | -1299 | -925 |
2079 | -1340 | -956 |
2080 | -1382 | -987 |
2081 | -1424 | -1018 |
2082 | -1466 | -1049 |
2083 | -1508 | -1080 |
2084 | -1550 | -1111 |
2085 | -1592 | -1143 |
2086 | -1635 | -1174 |
2087 | -1678 | -1207 |
2088 | -1722 | -1239 |
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