Proposed Provision: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2017-2022). 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
2017280280
2018264266
2019248253
2020233242
2021219233
2022204224
2023189215
2024173206
2025157196
2026142187
2027126177
2028110167
202994157
203077146
203160135
203242123
203323111
2034498
2035-1685
2036-3671
2037-5757
2038-7843
2039-10029
2040-12214
2041-144-1
2042-166-16
2043-189-31
2044-211-46
2045-234-61
2046-257-77
2047-280-92
2048-303-108
2049-327-124
2050-351-139
2051-375-156
2052-398-172
2053-423-188
2054-447-205
2055-472-222
2056-496-240
2057-522-257
2058-548-276
2059-574-295
2060-601-314
2061-629-334
2062-657-354
2063-685-375
2064-714-396
2065-744-418
2066-774-440
2067-804-462
2068-835-485
2069-867-509
2070-899-533
2071-932-558
2072-965-583
2073-1000-609
2074-1035-636
2075-1072-663
2076-1110-692
2077-1148-721
2078-1188-750
2079-1228-780
2080-1268-811
2081-1309-842
2082-1350-872
2083-1391-903
2084-1432-934
2085-1472-965
2086-1514-997
2087-1555-1028
2088-1597-1060
2089-1640-1093
2090-1683-1126
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