Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2021 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 218 |
| 2024 | 200 | 202 |
| 2025 | 183 | 185 |
| 2026 | 165 | 169 |
| 2027 | 148 | 153 |
| 2028 | 130 | 137 |
| 2029 | 112 | 120 |
| 2030 | 94 | 104 |
| 2031 | 76 | 88 |
| 2032 | 58 | 72 |
| 2033 | 39 | 56 |
| 2034 | 20 | 40 |
| 2035 | 1 | 24 |
| 2036 | -19 | 7 |
| 2037 | -38 | -9 |
| 2038 | -59 | -26 |
| 2039 | -80 | -43 |
| 2040 | -101 | -60 |
| 2041 | -122 | -77 |
| 2042 | -144 | -95 |
| 2043 | -166 | -112 |
| 2044 | -188 | -129 |
| 2045 | -210 | -147 |
| 2046 | -232 | -164 |
| 2047 | -255 | -181 |
| 2048 | -277 | -198 |
| 2049 | -299 | -215 |
| 2050 | -322 | -232 |
| 2051 | -344 | -249 |
| 2052 | -367 | -266 |
| 2053 | -389 | -282 |
| 2054 | -412 | -299 |
| 2055 | -434 | -316 |
| 2056 | -457 | -333 |
| 2057 | -480 | -349 |
| 2058 | -504 | -367 |
| 2059 | -527 | -384 |
| 2060 | -551 | -401 |
| 2061 | -575 | -419 |
| 2062 | -599 | -438 |
| 2063 | -624 | -457 |
| 2064 | -650 | -476 |
| 2065 | -676 | -496 |
| 2066 | -702 | -516 |
| 2067 | -728 | -536 |
| 2068 | -755 | -557 |
| 2069 | -782 | -578 |
| 2070 | -809 | -600 |
| 2071 | -837 | -622 |
| 2072 | -866 | -645 |
| 2073 | -895 | -668 |
| 2074 | -925 | -691 |
| 2075 | -955 | -716 |
| 2076 | -986 | -740 |
| 2077 | -1018 | -766 |
| 2078 | -1051 | -792 |
| 2079 | -1084 | -819 |
| 2080 | -1119 | -847 |
| 2081 | -1154 | -875 |
| 2082 | -1190 | -904 |
| 2083 | -1226 | -933 |
| 2084 | -1263 | -963 |
| 2085 | -1300 | -992 |
| 2086 | -1337 | -1022 |
| 2087 | -1374 | -1052 |
| 2088 | -1411 | -1082 |
| 2089 | -1448 | -1112 |
| 2090 | -1484 | -1141 |
| 2091 | -1520 | -1169 |
| 2092 | -1554 | -1198 |
| 2093 | -1589 | -1226 |
| 2094 | -1623 | -1253 |
| 2095 | -1657 | -1281 |
back