Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2027). Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2017 | 298 | 298 |
2018 | 287 | 287 |
2019 | 273 | 274 |
2020 | 259 | 261 |
2021 | 245 | 250 |
2022 | 230 | 239 |
2023 | 215 | 228 |
2024 | 199 | 216 |
2025 | 182 | 204 |
2026 | 165 | 192 |
2027 | 148 | 180 |
2028 | 130 | 168 |
2029 | 112 | 156 |
2030 | 94 | 143 |
2031 | 75 | 131 |
2032 | 56 | 118 |
2033 | 37 | 105 |
2034 | 16 | 91 |
2035 | -4 | 76 |
2036 | -26 | 62 |
2037 | -47 | 47 |
2038 | -70 | 31 |
2039 | -92 | 16 |
2040 | -115 | 0 |
2041 | -138 | -15 |
2042 | -161 | -30 |
2043 | -184 | -46 |
2044 | -207 | -61 |
2045 | -230 | -76 |
2046 | -253 | -91 |
2047 | -276 | -107 |
2048 | -300 | -122 |
2049 | -323 | -137 |
2050 | -346 | -152 |
2051 | -370 | -167 |
2052 | -393 | -182 |
2053 | -417 | -197 |
2054 | -440 | -213 |
2055 | -464 | -228 |
2056 | -487 | -243 |
2057 | -511 | -259 |
2058 | -536 | -275 |
2059 | -560 | -292 |
2060 | -585 | -308 |
2061 | -611 | -326 |
2062 | -637 | -343 |
2063 | -663 | -361 |
2064 | -690 | -379 |
2065 | -717 | -397 |
2066 | -745 | -416 |
2067 | -772 | -435 |
2068 | -801 | -455 |
2069 | -829 | -475 |
2070 | -858 | -495 |
2071 | -888 | -515 |
2072 | -918 | -537 |
2073 | -949 | -558 |
2074 | -981 | -580 |
2075 | -1014 | -603 |
2076 | -1047 | -627 |
2077 | -1082 | -651 |
2078 | -1117 | -675 |
2079 | -1153 | -700 |
2080 | -1190 | -726 |
2081 | -1227 | -751 |
2082 | -1264 | -777 |
2083 | -1300 | -803 |
2084 | -1337 | -828 |
2085 | -1374 | -854 |
2086 | -1410 | -879 |
2087 | -1446 | -905 |
2088 | -1483 | -930 |
2089 | -1520 | -956 |
2090 | -1557 | -983 |
2091 | -1595 | -1009 |
2092 | -1633 | -1037 |
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