Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2022-2031). Do not provide benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2021253253
2022231231
2023214215
2024196199
2025178183
2026159168
2027141153
2028122138
2029104124
203085110
20316696
20324683
20332769
2034755
2035-1341
2036-3327
2037-5413
2038-76-2
2039-97-17
2040-119-32
2041-142-48
2042-165-64
2043-188-80
2044-211-96
2045-235-112
2046-258-128
2047-282-145
2048-306-161
2049-330-178
2050-354-195
2051-378-212
2052-403-229
2053-427-246
2054-452-263
2055-477-281
2056-502-298
2057-527-316
2058-552-334
2059-578-352
2060-604-371
2061-630-389
2062-657-409
2063-684-428
2064-712-448
2065-740-469
2066-768-489
2067-796-510
2068-825-531
2069-855-553
2070-884-574
2071-914-597
2072-945-619
2073-976-642
2074-1007-665
2075-1039-689
2076-1071-713
2077-1105-738
2078-1139-764
2079-1175-791
2080-1211-817
2081-1248-845
2082-1286-873
2083-1324-901
2084-1363-930
2085-1403-958
2086-1443-988
2087-1483-1017
2088-1524-1047
2089-1564-1076
2090-1604-1104
2091-1643-1132
2092-1681-1160
2093-1718-1186
2094-1754-1212
2095-1789-1238
2096-1825-1263
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