Proposed Provision: E3.2. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2024-2033). Do not provide benefit credit for additional earnings taxed.

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

Year Current Law Provision
2023204204
2024187187
2025168169
2026149152
2027131137
2028114122
202996108
20307895
20316082
20324370
20332558
2034746
2035-1234
2036-3122
2037-519
2038-70-4
2039-91-18
2040-112-31
2041-133-45
2042-154-60
2043-176-74
2044-198-89
2045-220-103
2046-243-118
2047-265-133
2048-288-148
2049-311-163
2050-333-179
2051-357-194
2052-380-210
2053-403-226
2054-427-242
2055-450-258
2056-474-274
2057-498-291
2058-522-308
2059-547-325
2060-572-343
2061-597-361
2062-623-380
2063-650-399
2064-677-419
2065-705-439
2066-733-460
2067-762-481
2068-791-502
2069-820-523
2070-850-545
2071-880-568
2072-911-591
2073-942-614
2074-974-637
2075-1006-661
2076-1039-686
2077-1074-711
2078-1108-737
2079-1144-764
2080-1181-791
2081-1218-818
2082-1256-846
2083-1294-875
2084-1333-903
2085-1373-932
2086-1413-961
2087-1453-990
2088-1494-1019
2089-1534-1048
2090-1574-1077
2091-1613-1105
2092-1651-1133
2093-1689-1160
2094-1726-1186
2095-1762-1212
2096-1798-1238
2097-1833-1263
2098-1868-1288
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