Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2023 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 |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 195 |
| 2025 | 177 | 178 |
| 2026 | 160 | 161 |
| 2027 | 143 | 145 |
| 2028 | 126 | 130 |
| 2029 | 109 | 114 |
| 2030 | 91 | 99 |
| 2031 | 74 | 83 |
| 2032 | 57 | 68 |
| 2033 | 39 | 52 |
| 2034 | 21 | 37 |
| 2035 | 3 | 22 |
| 2036 | -16 | 6 |
| 2037 | -35 | -10 |
| 2038 | -54 | -26 |
| 2039 | -74 | -43 |
| 2040 | -95 | -59 |
| 2041 | -116 | -76 |
| 2042 | -137 | -93 |
| 2043 | -158 | -110 |
| 2044 | -180 | -127 |
| 2045 | -202 | -144 |
| 2046 | -224 | -161 |
| 2047 | -246 | -178 |
| 2048 | -268 | -195 |
| 2049 | -291 | -212 |
| 2050 | -313 | -230 |
| 2051 | -336 | -247 |
| 2052 | -359 | -264 |
| 2053 | -383 | -282 |
| 2054 | -406 | -299 |
| 2055 | -430 | -317 |
| 2056 | -453 | -334 |
| 2057 | -477 | -352 |
| 2058 | -501 | -370 |
| 2059 | -525 | -388 |
| 2060 | -550 | -406 |
| 2061 | -575 | -425 |
| 2062 | -601 | -444 |
| 2063 | -627 | -464 |
| 2064 | -654 | -485 |
| 2065 | -681 | -505 |
| 2066 | -708 | -526 |
| 2067 | -736 | -548 |
| 2068 | -764 | -569 |
| 2069 | -792 | -592 |
| 2070 | -821 | -614 |
| 2071 | -850 | -637 |
| 2072 | -880 | -660 |
| 2073 | -910 | -684 |
| 2074 | -940 | -708 |
| 2075 | -971 | -733 |
| 2076 | -1003 | -759 |
| 2077 | -1036 | -785 |
| 2078 | -1069 | -812 |
| 2079 | -1104 | -840 |
| 2080 | -1139 | -868 |
| 2081 | -1175 | -897 |
| 2082 | -1212 | -927 |
| 2083 | -1249 | -957 |
| 2084 | -1286 | -987 |
| 2085 | -1324 | -1018 |
| 2086 | -1363 | -1049 |
| 2087 | -1402 | -1081 |
| 2088 | -1442 | -1112 |
| 2089 | -1481 | -1144 |
| 2090 | -1520 | -1175 |
| 2091 | -1558 | -1206 |
| 2092 | -1595 | -1236 |
| 2093 | -1632 | -1266 |
| 2094 | -1668 | -1295 |
| 2095 | -1703 | -1324 |
| 2096 | -1738 | -1352 |
| 2097 | -1773 | -1380 |
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