Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2018-2027). Provide benefit credit for earnings up to the revised taxable maximum.
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 | 227 |
| 2024 | 199 | 216 |
| 2025 | 182 | 204 |
| 2026 | 165 | 192 |
| 2027 | 148 | 179 |
| 2028 | 130 | 167 |
| 2029 | 112 | 155 |
| 2030 | 94 | 143 |
| 2031 | 75 | 130 |
| 2032 | 56 | 117 |
| 2033 | 37 | 103 |
| 2034 | 16 | 89 |
| 2035 | -4 | 74 |
| 2036 | -26 | 59 |
| 2037 | -47 | 44 |
| 2038 | -70 | 28 |
| 2039 | -92 | 12 |
| 2040 | -115 | -4 |
| 2041 | -138 | -20 |
| 2042 | -161 | -36 |
| 2043 | -184 | -52 |
| 2044 | -207 | -68 |
| 2045 | -230 | -84 |
| 2046 | -253 | -100 |
| 2047 | -276 | -115 |
| 2048 | -300 | -131 |
| 2049 | -323 | -147 |
| 2050 | -346 | -164 |
| 2051 | -370 | -180 |
| 2052 | -393 | -196 |
| 2053 | -417 | -212 |
| 2054 | -440 | -228 |
| 2055 | -464 | -245 |
| 2056 | -487 | -262 |
| 2057 | -511 | -279 |
| 2058 | -536 | -296 |
| 2059 | -560 | -314 |
| 2060 | -585 | -332 |
| 2061 | -611 | -350 |
| 2062 | -637 | -369 |
| 2063 | -663 | -389 |
| 2064 | -690 | -408 |
| 2065 | -717 | -429 |
| 2066 | -745 | -449 |
| 2067 | -772 | -470 |
| 2068 | -801 | -491 |
| 2069 | -829 | -513 |
| 2070 | -858 | -535 |
| 2071 | -888 | -557 |
| 2072 | -918 | -581 |
| 2073 | -949 | -604 |
| 2074 | -981 | -629 |
| 2075 | -1014 | -654 |
| 2076 | -1047 | -679 |
| 2077 | -1082 | -706 |
| 2078 | -1117 | -733 |
| 2079 | -1153 | -760 |
| 2080 | -1190 | -788 |
| 2081 | -1227 | -816 |
| 2082 | -1264 | -844 |
| 2083 | -1300 | -872 |
| 2084 | -1337 | -901 |
| 2085 | -1374 | -929 |
| 2086 | -1410 | -957 |
| 2087 | -1446 | -985 |
| 2088 | -1483 | -1013 |
| 2089 | -1520 | -1042 |
| 2090 | -1557 | -1071 |
| 2091 | -1595 | -1100 |
| 2092 | -1633 | -1130 |
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