Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2023-2032). 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 |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 195 |
| 2025 | 177 | 180 |
| 2026 | 160 | 165 |
| 2027 | 143 | 152 |
| 2028 | 126 | 139 |
| 2029 | 109 | 126 |
| 2030 | 91 | 114 |
| 2031 | 74 | 102 |
| 2032 | 57 | 90 |
| 2033 | 39 | 78 |
| 2034 | 21 | 67 |
| 2035 | 3 | 55 |
| 2036 | -16 | 43 |
| 2037 | -35 | 30 |
| 2038 | -54 | 17 |
| 2039 | -74 | 4 |
| 2040 | -95 | -10 |
| 2041 | -116 | -24 |
| 2042 | -137 | -38 |
| 2043 | -158 | -52 |
| 2044 | -180 | -67 |
| 2045 | -202 | -82 |
| 2046 | -224 | -97 |
| 2047 | -246 | -113 |
| 2048 | -268 | -128 |
| 2049 | -291 | -144 |
| 2050 | -313 | -160 |
| 2051 | -336 | -176 |
| 2052 | -359 | -193 |
| 2053 | -383 | -209 |
| 2054 | -406 | -226 |
| 2055 | -430 | -244 |
| 2056 | -453 | -261 |
| 2057 | -477 | -279 |
| 2058 | -501 | -297 |
| 2059 | -525 | -315 |
| 2060 | -550 | -334 |
| 2061 | -575 | -353 |
| 2062 | -601 | -373 |
| 2063 | -627 | -393 |
| 2064 | -654 | -414 |
| 2065 | -681 | -435 |
| 2066 | -708 | -457 |
| 2067 | -736 | -479 |
| 2068 | -764 | -501 |
| 2069 | -792 | -524 |
| 2070 | -821 | -547 |
| 2071 | -850 | -570 |
| 2072 | -880 | -594 |
| 2073 | -910 | -619 |
| 2074 | -940 | -644 |
| 2075 | -971 | -669 |
| 2076 | -1003 | -695 |
| 2077 | -1036 | -722 |
| 2078 | -1069 | -749 |
| 2079 | -1104 | -777 |
| 2080 | -1139 | -806 |
| 2081 | -1175 | -836 |
| 2082 | -1212 | -866 |
| 2083 | -1249 | -896 |
| 2084 | -1286 | -927 |
| 2085 | -1324 | -958 |
| 2086 | -1363 | -989 |
| 2087 | -1402 | -1021 |
| 2088 | -1442 | -1053 |
| 2089 | -1481 | -1085 |
| 2090 | -1520 | -1117 |
| 2091 | -1558 | -1148 |
| 2092 | -1595 | -1178 |
| 2093 | -1632 | -1208 |
| 2094 | -1668 | -1238 |
| 2095 | -1703 | -1267 |
| 2096 | -1738 | -1296 |
| 2097 | -1773 | -1324 |
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