Proposed Provision: E3.14. Eliminate the taxable maximum for the employer payroll tax (6.2 percent) beginning in 2017. For the employee payroll tax (6.2 percent) and for benefit credit purposes, beginning in 2017, increase the taxable maximum by an additional 2 percent per year until taxable earnings equal 90 percent of covered earnings.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2016303303
2017293293
2018277285
2019262278
2020246271
2021231264
2022216256
2023200248
2024183238
2025165228
2026149218
2027132209
2028115200
202998191
203081182
203164174
203246165
203327156
20348147
2035-11137
2036-30128
2037-50118
2038-71108
2039-9198
2040-11288
2041-13378
2042-15468
2043-17659
2044-19749
2045-21840
2046-24030
2047-26221
2048-28312
2049-3053
2050-327-6
2051-349-16
2052-371-25
2053-393-34
2054-415-43
2055-437-53
2056-460-63
2057-482-73
2058-506-84
2059-529-95
2060-553-106
2061-578-117
2062-603-129
2063-628-142
2064-654-154
2065-680-168
2066-706-181
2067-733-195
2068-760-209
2069-788-223
2070-816-238
2071-845-254
2072-874-269
2073-905-286
2074-935-302
2075-967-319
2076-1000-337
2077-1033-355
2078-1068-373
2079-1102-392
2080-1138-411
2081-1173-430
2082-1208-449
2083-1243-468
2084-1279-487
2085-1314-506
2086-1349-526
2087-1384-546
2088-1419-565
2089-1455-586
2090-1491-606
2091-1528-627
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