Proposed Provision: Increase the taxable maximum each year by an additional 2 percent beginning in 2018 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 |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 264 |
2019 | 248 | 249 |
2020 | 233 | 234 |
2021 | 219 | 220 |
2022 | 204 | 206 |
2023 | 189 | 192 |
2024 | 173 | 178 |
2025 | 157 | 164 |
2026 | 142 | 151 |
2027 | 126 | 137 |
2028 | 110 | 123 |
2029 | 94 | 109 |
2030 | 77 | 95 |
2031 | 60 | 81 |
2032 | 42 | 66 |
2033 | 23 | 50 |
2034 | 4 | 34 |
2035 | -16 | 18 |
2036 | -36 | 2 |
2037 | -57 | -15 |
2038 | -78 | -32 |
2039 | -100 | -48 |
2040 | -122 | -66 |
2041 | -144 | -83 |
2042 | -166 | -100 |
2043 | -189 | -117 |
2044 | -211 | -133 |
2045 | -234 | -150 |
2046 | -257 | -167 |
2047 | -280 | -184 |
2048 | -303 | -201 |
2049 | -327 | -218 |
2050 | -351 | -235 |
2051 | -375 | -251 |
2052 | -398 | -268 |
2053 | -423 | -285 |
2054 | -447 | -302 |
2055 | -472 | -319 |
2056 | -496 | -336 |
2057 | -522 | -354 |
2058 | -548 | -372 |
2059 | -574 | -390 |
2060 | -601 | -409 |
2061 | -629 | -429 |
2062 | -657 | -448 |
2063 | -685 | -469 |
2064 | -714 | -490 |
2065 | -744 | -511 |
2066 | -774 | -532 |
2067 | -804 | -554 |
2068 | -835 | -577 |
2069 | -867 | -600 |
2070 | -899 | -623 |
2071 | -932 | -647 |
2072 | -965 | -672 |
2073 | -1000 | -697 |
2074 | -1035 | -723 |
2075 | -1072 | -750 |
2076 | -1110 | -778 |
2077 | -1148 | -806 |
2078 | -1188 | -835 |
2079 | -1228 | -864 |
2080 | -1268 | -894 |
2081 | -1309 | -924 |
2082 | -1350 | -954 |
2083 | -1391 | -984 |
2084 | -1432 | -1014 |
2085 | -1472 | -1044 |
2086 | -1514 | -1075 |
2087 | -1555 | -1105 |
2088 | -1597 | -1137 |
2089 | -1640 | -1168 |
2090 | -1683 | -1200 |
back