Proposed Provision: E3.6. Increase the taxable maximum each year by an additional 2 percent beginning in 2023 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 184 |
| 2026 | 165 | 167 |
| 2027 | 148 | 150 |
| 2028 | 130 | 134 |
| 2029 | 112 | 117 |
| 2030 | 94 | 100 |
| 2031 | 76 | 84 |
| 2032 | 58 | 68 |
| 2033 | 39 | 52 |
| 2034 | 20 | 35 |
| 2035 | 1 | 19 |
| 2036 | -19 | 2 |
| 2037 | -38 | -15 |
| 2038 | -59 | -32 |
| 2039 | -80 | -49 |
| 2040 | -101 | -67 |
| 2041 | -122 | -84 |
| 2042 | -144 | -102 |
| 2043 | -166 | -119 |
| 2044 | -188 | -137 |
| 2045 | -210 | -154 |
| 2046 | -232 | -172 |
| 2047 | -255 | -189 |
| 2048 | -277 | -206 |
| 2049 | -299 | -223 |
| 2050 | -322 | -240 |
| 2051 | -344 | -257 |
| 2052 | -367 | -273 |
| 2053 | -389 | -290 |
| 2054 | -412 | -307 |
| 2055 | -434 | -323 |
| 2056 | -457 | -340 |
| 2057 | -480 | -356 |
| 2058 | -504 | -373 |
| 2059 | -527 | -390 |
| 2060 | -551 | -407 |
| 2061 | -575 | -424 |
| 2062 | -599 | -442 |
| 2063 | -624 | -460 |
| 2064 | -650 | -479 |
| 2065 | -676 | -498 |
| 2066 | -702 | -517 |
| 2067 | -728 | -537 |
| 2068 | -755 | -557 |
| 2069 | -782 | -577 |
| 2070 | -809 | -598 |
| 2071 | -837 | -619 |
| 2072 | -866 | -640 |
| 2073 | -895 | -662 |
| 2074 | -925 | -685 |
| 2075 | -955 | -708 |
| 2076 | -986 | -732 |
| 2077 | -1018 | -756 |
| 2078 | -1051 | -781 |
| 2079 | -1084 | -806 |
| 2080 | -1119 | -833 |
| 2081 | -1154 | -860 |
| 2082 | -1190 | -887 |
| 2083 | -1226 | -914 |
| 2084 | -1263 | -942 |
| 2085 | -1300 | -970 |
| 2086 | -1337 | -998 |
| 2087 | -1374 | -1026 |
| 2088 | -1411 | -1054 |
| 2089 | -1448 | -1082 |
| 2090 | -1484 | -1109 |
| 2091 | -1520 | -1136 |
| 2092 | -1554 | -1162 |
| 2093 | -1589 | -1188 |
| 2094 | -1623 | -1213 |
| 2095 | -1657 | -1239 |
back