Proposed Provision: E3.4. Increase the taxable maximum from $106,800 to $115,200 (in 2009 AWI-indexed dollars), or from $142,200 to $153,300 in 2020, phased in 2018-2020. 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 | 273 |
2020 | 259 | 260 |
2021 | 245 | 247 |
2022 | 230 | 233 |
2023 | 215 | 219 |
2024 | 199 | 204 |
2025 | 182 | 188 |
2026 | 165 | 172 |
2027 | 148 | 155 |
2028 | 130 | 138 |
2029 | 112 | 121 |
2030 | 94 | 104 |
2031 | 75 | 86 |
2032 | 56 | 68 |
2033 | 37 | 49 |
2034 | 16 | 30 |
2035 | -4 | 10 |
2036 | -26 | -10 |
2037 | -47 | -31 |
2038 | -70 | -52 |
2039 | -92 | -74 |
2040 | -115 | -96 |
2041 | -138 | -118 |
2042 | -161 | -140 |
2043 | -184 | -162 |
2044 | -207 | -184 |
2045 | -230 | -205 |
2046 | -253 | -228 |
2047 | -276 | -250 |
2048 | -300 | -272 |
2049 | -323 | -294 |
2050 | -346 | -316 |
2051 | -370 | -339 |
2052 | -393 | -361 |
2053 | -417 | -383 |
2054 | -440 | -405 |
2055 | -464 | -428 |
2056 | -487 | -451 |
2057 | -511 | -474 |
2058 | -536 | -497 |
2059 | -560 | -520 |
2060 | -585 | -544 |
2061 | -611 | -569 |
2062 | -637 | -594 |
2063 | -663 | -619 |
2064 | -690 | -645 |
2065 | -717 | -671 |
2066 | -745 | -697 |
2067 | -772 | -724 |
2068 | -801 | -751 |
2069 | -829 | -779 |
2070 | -858 | -807 |
2071 | -888 | -835 |
2072 | -918 | -865 |
2073 | -949 | -895 |
2074 | -981 | -925 |
2075 | -1014 | -957 |
2076 | -1047 | -989 |
2077 | -1082 | -1023 |
2078 | -1117 | -1057 |
2079 | -1153 | -1091 |
2080 | -1190 | -1127 |
2081 | -1227 | -1162 |
2082 | -1264 | -1198 |
2083 | -1300 | -1233 |
2084 | -1337 | -1269 |
2085 | -1374 | -1304 |
2086 | -1410 | -1339 |
2087 | -1446 | -1374 |
2088 | -1483 | -1410 |
2089 | -1520 | -1445 |
2090 | -1557 | -1481 |
2091 | -1595 | -1518 |
2092 | -1633 | -1555 |
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