Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2021-2030). 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 234 |
| 2023 | 217 | 220 |
| 2024 | 200 | 205 |
| 2025 | 183 | 191 |
| 2026 | 165 | 177 |
| 2027 | 148 | 164 |
| 2028 | 130 | 151 |
| 2029 | 112 | 137 |
| 2030 | 94 | 125 |
| 2031 | 76 | 112 |
| 2032 | 58 | 100 |
| 2033 | 39 | 87 |
| 2034 | 20 | 74 |
| 2035 | 1 | 61 |
| 2036 | -19 | 47 |
| 2037 | -38 | 34 |
| 2038 | -59 | 20 |
| 2039 | -80 | 5 |
| 2040 | -101 | -9 |
| 2041 | -122 | -24 |
| 2042 | -144 | -40 |
| 2043 | -166 | -55 |
| 2044 | -188 | -71 |
| 2045 | -210 | -86 |
| 2046 | -232 | -102 |
| 2047 | -255 | -117 |
| 2048 | -277 | -133 |
| 2049 | -299 | -149 |
| 2050 | -322 | -165 |
| 2051 | -344 | -181 |
| 2052 | -367 | -197 |
| 2053 | -389 | -213 |
| 2054 | -412 | -230 |
| 2055 | -434 | -246 |
| 2056 | -457 | -263 |
| 2057 | -480 | -280 |
| 2058 | -504 | -297 |
| 2059 | -527 | -315 |
| 2060 | -551 | -333 |
| 2061 | -575 | -351 |
| 2062 | -599 | -370 |
| 2063 | -624 | -389 |
| 2064 | -650 | -408 |
| 2065 | -676 | -428 |
| 2066 | -702 | -449 |
| 2067 | -728 | -470 |
| 2068 | -755 | -491 |
| 2069 | -782 | -512 |
| 2070 | -809 | -534 |
| 2071 | -837 | -557 |
| 2072 | -866 | -580 |
| 2073 | -895 | -603 |
| 2074 | -925 | -627 |
| 2075 | -955 | -652 |
| 2076 | -986 | -677 |
| 2077 | -1018 | -702 |
| 2078 | -1051 | -729 |
| 2079 | -1084 | -756 |
| 2080 | -1119 | -784 |
| 2081 | -1154 | -812 |
| 2082 | -1190 | -841 |
| 2083 | -1226 | -870 |
| 2084 | -1263 | -900 |
| 2085 | -1300 | -930 |
| 2086 | -1337 | -960 |
| 2087 | -1374 | -989 |
| 2088 | -1411 | -1019 |
| 2089 | -1448 | -1049 |
| 2090 | -1484 | -1078 |
| 2091 | -1520 | -1107 |
| 2092 | -1554 | -1135 |
| 2093 | -1589 | -1163 |
| 2094 | -1623 | -1190 |
| 2095 | -1657 | -1218 |
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