Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2020 until taxable earnings equal 90 percent of covered earnings. 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 |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 230 |
| 2023 | 213 | 215 |
| 2024 | 197 | 199 |
| 2025 | 180 | 184 |
| 2026 | 163 | 169 |
| 2027 | 147 | 154 |
| 2028 | 130 | 139 |
| 2029 | 114 | 124 |
| 2030 | 97 | 110 |
| 2031 | 80 | 95 |
| 2032 | 63 | 81 |
| 2033 | 46 | 66 |
| 2034 | 28 | 51 |
| 2035 | 10 | 36 |
| 2036 | -9 | 21 |
| 2037 | -28 | 6 |
| 2038 | -47 | -10 |
| 2039 | -67 | -26 |
| 2040 | -87 | -42 |
| 2041 | -108 | -58 |
| 2042 | -129 | -74 |
| 2043 | -150 | -90 |
| 2044 | -171 | -106 |
| 2045 | -192 | -122 |
| 2046 | -213 | -138 |
| 2047 | -234 | -153 |
| 2048 | -255 | -168 |
| 2049 | -276 | -184 |
| 2050 | -297 | -199 |
| 2051 | -318 | -214 |
| 2052 | -338 | -228 |
| 2053 | -359 | -243 |
| 2054 | -380 | -258 |
| 2055 | -401 | -272 |
| 2056 | -422 | -287 |
| 2057 | -444 | -302 |
| 2058 | -465 | -317 |
| 2059 | -487 | -332 |
| 2060 | -509 | -348 |
| 2061 | -531 | -364 |
| 2062 | -554 | -380 |
| 2063 | -577 | -397 |
| 2064 | -601 | -414 |
| 2065 | -625 | -432 |
| 2066 | -649 | -450 |
| 2067 | -674 | -468 |
| 2068 | -699 | -487 |
| 2069 | -724 | -506 |
| 2070 | -749 | -526 |
| 2071 | -776 | -546 |
| 2072 | -802 | -566 |
| 2073 | -830 | -587 |
| 2074 | -857 | -609 |
| 2075 | -885 | -630 |
| 2076 | -914 | -653 |
| 2077 | -944 | -676 |
| 2078 | -975 | -700 |
| 2079 | -1007 | -725 |
| 2080 | -1039 | -750 |
| 2081 | -1072 | -776 |
| 2082 | -1106 | -802 |
| 2083 | -1139 | -828 |
| 2084 | -1173 | -855 |
| 2085 | -1207 | -881 |
| 2086 | -1242 | -908 |
| 2087 | -1275 | -935 |
| 2088 | -1309 | -961 |
| 2089 | -1342 | -987 |
| 2090 | -1375 | -1012 |
| 2091 | -1407 | -1038 |
| 2092 | -1439 | -1063 |
| 2093 | -1471 | -1089 |
| 2094 | -1503 | -1114 |
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