Proposed Provision: E3.6. Increase the taxable maximum each year by an additional 2 percent beginning in 2026 until taxable earnings equal 90 percent of covered earnings. Do not provide benefit credit for additional earnings taxed.
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 | 149 |
2027 | 131 | 132 |
2028 | 114 | 114 |
2029 | 96 | 97 |
2030 | 78 | 81 |
2031 | 60 | 64 |
2032 | 43 | 48 |
2033 | 25 | 32 |
2034 | 7 | 16 |
2035 | -12 | -1 |
2036 | -31 | -18 |
2037 | -51 | -34 |
2038 | -70 | -52 |
2039 | -91 | -69 |
2040 | -112 | -86 |
2041 | -133 | -104 |
2042 | -154 | -122 |
2043 | -176 | -139 |
2044 | -198 | -157 |
2045 | -220 | -175 |
2046 | -243 | -193 |
2047 | -265 | -210 |
2048 | -288 | -228 |
2049 | -311 | -246 |
2050 | -333 | -263 |
2051 | -357 | -281 |
2052 | -380 | -299 |
2053 | -403 | -316 |
2054 | -427 | -334 |
2055 | -450 | -351 |
2056 | -474 | -369 |
2057 | -498 | -387 |
2058 | -522 | -405 |
2059 | -547 | -423 |
2060 | -572 | -442 |
2061 | -597 | -461 |
2062 | -623 | -480 |
2063 | -650 | -500 |
2064 | -677 | -520 |
2065 | -705 | -541 |
2066 | -733 | -562 |
2067 | -762 | -583 |
2068 | -791 | -605 |
2069 | -820 | -627 |
2070 | -850 | -650 |
2071 | -880 | -673 |
2072 | -911 | -696 |
2073 | -942 | -720 |
2074 | -974 | -744 |
2075 | -1006 | -769 |
2076 | -1039 | -794 |
2077 | -1074 | -820 |
2078 | -1108 | -847 |
2079 | -1144 | -875 |
2080 | -1181 | -903 |
2081 | -1218 | -931 |
2082 | -1256 | -960 |
2083 | -1294 | -989 |
2084 | -1333 | -1019 |
2085 | -1373 | -1049 |
2086 | -1413 | -1079 |
2087 | -1453 | -1110 |
2088 | -1494 | -1140 |
2089 | -1534 | -1171 |
2090 | -1574 | -1200 |
2091 | -1613 | -1230 |
2092 | -1651 | -1258 |
2093 | -1689 | -1286 |
2094 | -1726 | -1314 |
2095 | -1762 | -1341 |
2096 | -1798 | -1367 |
2097 | -1833 | -1393 |
2098 | -1868 | -1419 |
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