Proposed Provision: E3.6. Increase the taxable maximum each year by an additional 2 percent beginning in 2022 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2019 | 273 | 273 |
2020 | 260 | 260 |
2021 | 245 | 245 |
2022 | 229 | 229 |
2023 | 213 | 214 |
2024 | 197 | 198 |
2025 | 180 | 182 |
2026 | 163 | 166 |
2027 | 147 | 151 |
2028 | 130 | 135 |
2029 | 114 | 121 |
2030 | 97 | 106 |
2031 | 80 | 91 |
2032 | 63 | 76 |
2033 | 46 | 61 |
2034 | 28 | 46 |
2035 | 10 | 31 |
2036 | -9 | 15 |
2037 | -28 | -1 |
2038 | -47 | -16 |
2039 | -67 | -33 |
2040 | -87 | -49 |
2041 | -108 | -65 |
2042 | -129 | -81 |
2043 | -150 | -98 |
2044 | -171 | -114 |
2045 | -192 | -130 |
2046 | -213 | -146 |
2047 | -234 | -161 |
2048 | -255 | -176 |
2049 | -276 | -192 |
2050 | -297 | -207 |
2051 | -318 | -221 |
2052 | -338 | -236 |
2053 | -359 | -250 |
2054 | -380 | -265 |
2055 | -401 | -279 |
2056 | -422 | -294 |
2057 | -444 | -308 |
2058 | -465 | -322 |
2059 | -487 | -337 |
2060 | -509 | -352 |
2061 | -531 | -367 |
2062 | -554 | -383 |
2063 | -577 | -399 |
2064 | -601 | -416 |
2065 | -625 | -432 |
2066 | -649 | -449 |
2067 | -674 | -467 |
2068 | -699 | -484 |
2069 | -724 | -502 |
2070 | -749 | -521 |
2071 | -776 | -540 |
2072 | -802 | -559 |
2073 | -830 | -579 |
2074 | -857 | -599 |
2075 | -885 | -619 |
2076 | -914 | -640 |
2077 | -944 | -662 |
2078 | -975 | -685 |
2079 | -1007 | -708 |
2080 | -1039 | -731 |
2081 | -1072 | -755 |
2082 | -1106 | -779 |
2083 | -1139 | -804 |
2084 | -1173 | -828 |
2085 | -1207 | -853 |
2086 | -1242 | -878 |
2087 | -1275 | -902 |
2088 | -1309 | -926 |
2089 | -1342 | -950 |
2090 | -1375 | -974 |
2091 | -1407 | -997 |
2092 | -1439 | -1020 |
2093 | -1471 | -1043 |
2094 | -1503 | -1067 |
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