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
2017298298
2018287287
2019273274
2020259261
2021245250
2022230239
2023215228
2024199216
2025182204
2026165192
2027148180
2028130168
2029112156
203094143
203175131
203256118
203337105
20341691
2035-476
2036-2662
2037-4747
2038-7031
2039-9216
2040-1150
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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