Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2016-2025). Provide benefit credit for earnings up to the revised taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 281 |
2018 | 264 | 267 |
2019 | 248 | 254 |
2020 | 233 | 242 |
2021 | 219 | 232 |
2022 | 204 | 221 |
2023 | 189 | 211 |
2024 | 173 | 200 |
2025 | 157 | 191 |
2026 | 142 | 181 |
2027 | 126 | 171 |
2028 | 110 | 161 |
2029 | 94 | 151 |
2030 | 77 | 141 |
2031 | 60 | 130 |
2032 | 42 | 118 |
2033 | 23 | 106 |
2034 | 4 | 93 |
2035 | -16 | 79 |
2036 | -36 | 66 |
2037 | -57 | 52 |
2038 | -78 | 37 |
2039 | -100 | 23 |
2040 | -122 | 8 |
2041 | -144 | -7 |
2042 | -166 | -22 |
2043 | -189 | -37 |
2044 | -211 | -52 |
2045 | -234 | -67 |
2046 | -257 | -83 |
2047 | -280 | -98 |
2048 | -303 | -114 |
2049 | -327 | -130 |
2050 | -351 | -145 |
2051 | -375 | -162 |
2052 | -398 | -178 |
2053 | -423 | -194 |
2054 | -447 | -211 |
2055 | -472 | -228 |
2056 | -496 | -246 |
2057 | -522 | -264 |
2058 | -548 | -282 |
2059 | -574 | -301 |
2060 | -601 | -320 |
2061 | -629 | -340 |
2062 | -657 | -360 |
2063 | -685 | -381 |
2064 | -714 | -402 |
2065 | -744 | -424 |
2066 | -774 | -446 |
2067 | -804 | -469 |
2068 | -835 | -492 |
2069 | -867 | -515 |
2070 | -899 | -539 |
2071 | -932 | -564 |
2072 | -965 | -589 |
2073 | -1000 | -615 |
2074 | -1035 | -642 |
2075 | -1072 | -670 |
2076 | -1110 | -698 |
2077 | -1148 | -727 |
2078 | -1188 | -757 |
2079 | -1228 | -787 |
2080 | -1268 | -818 |
2081 | -1309 | -849 |
2082 | -1350 | -879 |
2083 | -1391 | -910 |
2084 | -1432 | -941 |
2085 | -1472 | -973 |
2086 | -1514 | -1004 |
2087 | -1555 | -1036 |
2088 | -1597 | -1068 |
2089 | -1640 | -1101 |
2090 | -1683 | -1134 |
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