Proposed Provision: E3.5. Increase the taxable maximum each year by an additional 2 percent beginning in 2024 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 |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 150 |
| 2027 | 131 | 133 |
| 2028 | 114 | 116 |
| 2029 | 96 | 100 |
| 2030 | 78 | 84 |
| 2031 | 60 | 67 |
| 2032 | 43 | 52 |
| 2033 | 25 | 36 |
| 2034 | 7 | 20 |
| 2035 | -12 | 4 |
| 2036 | -31 | -12 |
| 2037 | -51 | -29 |
| 2038 | -70 | -46 |
| 2039 | -91 | -63 |
| 2040 | -112 | -80 |
| 2041 | -133 | -97 |
| 2042 | -154 | -115 |
| 2043 | -176 | -132 |
| 2044 | -198 | -150 |
| 2045 | -220 | -167 |
| 2046 | -243 | -185 |
| 2047 | -265 | -202 |
| 2048 | -288 | -220 |
| 2049 | -311 | -237 |
| 2050 | -333 | -255 |
| 2051 | -357 | -273 |
| 2052 | -380 | -290 |
| 2053 | -403 | -308 |
| 2054 | -427 | -326 |
| 2055 | -450 | -343 |
| 2056 | -474 | -361 |
| 2057 | -498 | -379 |
| 2058 | -522 | -397 |
| 2059 | -547 | -416 |
| 2060 | -572 | -435 |
| 2061 | -597 | -454 |
| 2062 | -623 | -474 |
| 2063 | -650 | -494 |
| 2064 | -677 | -515 |
| 2065 | -705 | -537 |
| 2066 | -733 | -559 |
| 2067 | -762 | -581 |
| 2068 | -791 | -604 |
| 2069 | -820 | -627 |
| 2070 | -850 | -650 |
| 2071 | -880 | -675 |
| 2072 | -911 | -699 |
| 2073 | -942 | -724 |
| 2074 | -974 | -749 |
| 2075 | -1006 | -775 |
| 2076 | -1039 | -802 |
| 2077 | -1074 | -830 |
| 2078 | -1108 | -858 |
| 2079 | -1144 | -887 |
| 2080 | -1181 | -917 |
| 2081 | -1218 | -947 |
| 2082 | -1256 | -978 |
| 2083 | -1294 | -1009 |
| 2084 | -1333 | -1040 |
| 2085 | -1373 | -1072 |
| 2086 | -1413 | -1105 |
| 2087 | -1453 | -1138 |
| 2088 | -1494 | -1170 |
| 2089 | -1534 | -1203 |
| 2090 | -1574 | -1235 |
| 2091 | -1613 | -1267 |
| 2092 | -1651 | -1298 |
| 2093 | -1689 | -1329 |
| 2094 | -1726 | -1359 |
| 2095 | -1762 | -1389 |
| 2096 | -1798 | -1418 |
| 2097 | -1833 | -1447 |
| 2098 | -1868 | -1475 |
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