Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2022-2031). 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 |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 215 |
| 2024 | 196 | 199 |
| 2025 | 178 | 183 |
| 2026 | 159 | 168 |
| 2027 | 141 | 153 |
| 2028 | 122 | 138 |
| 2029 | 104 | 124 |
| 2030 | 85 | 110 |
| 2031 | 66 | 96 |
| 2032 | 46 | 82 |
| 2033 | 27 | 68 |
| 2034 | 7 | 54 |
| 2035 | -13 | 40 |
| 2036 | -33 | 26 |
| 2037 | -54 | 11 |
| 2038 | -76 | -4 |
| 2039 | -97 | -19 |
| 2040 | -119 | -35 |
| 2041 | -142 | -51 |
| 2042 | -165 | -67 |
| 2043 | -188 | -83 |
| 2044 | -211 | -100 |
| 2045 | -235 | -117 |
| 2046 | -258 | -134 |
| 2047 | -282 | -151 |
| 2048 | -306 | -168 |
| 2049 | -330 | -185 |
| 2050 | -354 | -203 |
| 2051 | -378 | -220 |
| 2052 | -403 | -238 |
| 2053 | -427 | -256 |
| 2054 | -452 | -274 |
| 2055 | -477 | -293 |
| 2056 | -502 | -311 |
| 2057 | -527 | -330 |
| 2058 | -552 | -349 |
| 2059 | -578 | -369 |
| 2060 | -604 | -388 |
| 2061 | -630 | -408 |
| 2062 | -657 | -429 |
| 2063 | -684 | -450 |
| 2064 | -712 | -471 |
| 2065 | -740 | -493 |
| 2066 | -768 | -515 |
| 2067 | -796 | -537 |
| 2068 | -825 | -560 |
| 2069 | -855 | -583 |
| 2070 | -884 | -607 |
| 2071 | -914 | -631 |
| 2072 | -945 | -655 |
| 2073 | -976 | -680 |
| 2074 | -1007 | -705 |
| 2075 | -1039 | -731 |
| 2076 | -1071 | -757 |
| 2077 | -1105 | -784 |
| 2078 | -1139 | -812 |
| 2079 | -1175 | -841 |
| 2080 | -1211 | -870 |
| 2081 | -1248 | -900 |
| 2082 | -1286 | -930 |
| 2083 | -1324 | -961 |
| 2084 | -1363 | -992 |
| 2085 | -1403 | -1024 |
| 2086 | -1443 | -1056 |
| 2087 | -1483 | -1088 |
| 2088 | -1524 | -1121 |
| 2089 | -1564 | -1153 |
| 2090 | -1604 | -1185 |
| 2091 | -1643 | -1216 |
| 2092 | -1681 | -1246 |
| 2093 | -1718 | -1276 |
| 2094 | -1754 | -1305 |
| 2095 | -1789 | -1333 |
| 2096 | -1825 | -1362 |
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