Proposed Provision: E3.3. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2023). 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 |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 277 |
2019 | 262 | 263 |
2020 | 246 | 251 |
2021 | 231 | 240 |
2022 | 216 | 230 |
2023 | 200 | 219 |
2024 | 183 | 209 |
2025 | 165 | 197 |
2026 | 149 | 186 |
2027 | 132 | 175 |
2028 | 115 | 164 |
2029 | 98 | 153 |
2030 | 81 | 142 |
2031 | 64 | 131 |
2032 | 46 | 119 |
2033 | 27 | 107 |
2034 | 8 | 95 |
2035 | -11 | 82 |
2036 | -30 | 69 |
2037 | -50 | 56 |
2038 | -71 | 42 |
2039 | -91 | 28 |
2040 | -112 | 14 |
2041 | -133 | 0 |
2042 | -154 | -14 |
2043 | -176 | -28 |
2044 | -197 | -43 |
2045 | -218 | -57 |
2046 | -240 | -71 |
2047 | -262 | -85 |
2048 | -283 | -100 |
2049 | -305 | -114 |
2050 | -327 | -129 |
2051 | -349 | -144 |
2052 | -371 | -158 |
2053 | -393 | -173 |
2054 | -415 | -188 |
2055 | -437 | -204 |
2056 | -460 | -219 |
2057 | -482 | -235 |
2058 | -506 | -251 |
2059 | -529 | -268 |
2060 | -553 | -285 |
2061 | -578 | -303 |
2062 | -603 | -321 |
2063 | -628 | -339 |
2064 | -654 | -358 |
2065 | -680 | -377 |
2066 | -706 | -396 |
2067 | -733 | -416 |
2068 | -760 | -436 |
2069 | -788 | -457 |
2070 | -816 | -478 |
2071 | -845 | -500 |
2072 | -874 | -522 |
2073 | -905 | -545 |
2074 | -935 | -568 |
2075 | -967 | -592 |
2076 | -1000 | -617 |
2077 | -1033 | -642 |
2078 | -1068 | -668 |
2079 | -1102 | -694 |
2080 | -1138 | -720 |
2081 | -1173 | -747 |
2082 | -1208 | -773 |
2083 | -1243 | -800 |
2084 | -1279 | -827 |
2085 | -1314 | -853 |
2086 | -1349 | -880 |
2087 | -1384 | -907 |
2088 | -1419 | -934 |
2089 | -1455 | -962 |
2090 | -1491 | -990 |
2091 | -1528 | -1018 |
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