Proposed Provision: Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), phased in 2016-2018. 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 | 265 |
2019 | 248 | 250 |
2020 | 233 | 236 |
2021 | 219 | 223 |
2022 | 204 | 209 |
2023 | 189 | 194 |
2024 | 173 | 180 |
2025 | 157 | 165 |
2026 | 142 | 150 |
2027 | 126 | 135 |
2028 | 110 | 120 |
2029 | 94 | 105 |
2030 | 77 | 89 |
2031 | 60 | 73 |
2032 | 42 | 55 |
2033 | 23 | 38 |
2034 | 4 | 19 |
2035 | -16 | 1 |
2036 | -36 | -19 |
2037 | -57 | -38 |
2038 | -78 | -59 |
2039 | -100 | -79 |
2040 | -122 | -100 |
2041 | -144 | -121 |
2042 | -166 | -142 |
2043 | -189 | -163 |
2044 | -211 | -185 |
2045 | -234 | -206 |
2046 | -257 | -228 |
2047 | -280 | -250 |
2048 | -303 | -272 |
2049 | -327 | -295 |
2050 | -351 | -317 |
2051 | -375 | -340 |
2052 | -398 | -363 |
2053 | -423 | -386 |
2054 | -447 | -409 |
2055 | -472 | -432 |
2056 | -496 | -456 |
2057 | -522 | -481 |
2058 | -548 | -505 |
2059 | -574 | -531 |
2060 | -601 | -556 |
2061 | -629 | -583 |
2062 | -657 | -610 |
2063 | -685 | -637 |
2064 | -714 | -665 |
2065 | -744 | -693 |
2066 | -774 | -722 |
2067 | -804 | -751 |
2068 | -835 | -781 |
2069 | -867 | -811 |
2070 | -899 | -842 |
2071 | -932 | -874 |
2072 | -965 | -906 |
2073 | -1000 | -940 |
2074 | -1035 | -974 |
2075 | -1072 | -1009 |
2076 | -1110 | -1045 |
2077 | -1148 | -1083 |
2078 | -1188 | -1121 |
2079 | -1228 | -1159 |
2080 | -1268 | -1198 |
2081 | -1309 | -1237 |
2082 | -1350 | -1277 |
2083 | -1391 | -1316 |
2084 | -1432 | -1355 |
2085 | -1472 | -1395 |
2086 | -1514 | -1435 |
2087 | -1555 | -1475 |
2088 | -1597 | -1515 |
2089 | -1640 | -1556 |
2090 | -1683 | -1598 |
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