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
2015308308
2016298298
2017280281
2018264267
2019248254
2020233242
2021219232
2022204221
2023189211
2024173200
2025157191
2026142181
2027126171
2028110161
202994151
203077141
203160130
203242118
203323106
2034493
2035-1679
2036-3666
2037-5752
2038-7837
2039-10023
2040-1228
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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