Proposed Provision: E3.18. Increase the taxable maximum linearly over 4 years to $279,900 for 2028. After 2028, index the taxable maximum to AWI plus 0.5 percentage point. Apply benefit credit on additional earnings taxed.

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

Year Current Law Provision
2023204204
2024187187
2025168168
2026149151
2027131135
2028114121
202996107
20307893
20316079
20324365
20332551
2034737
2035-1222
2036-317
2037-51-8
2038-70-23
2039-91-39
2040-112-56
2041-133-72
2042-154-89
2043-176-106
2044-198-123
2045-220-141
2046-243-158
2047-265-176
2048-288-194
2049-311-212
2050-333-230
2051-357-248
2052-380-266
2053-403-285
2054-427-304
2055-450-323
2056-474-342
2057-498-361
2058-522-380
2059-547-400
2060-572-421
2061-597-442
2062-623-463
2063-650-485
2064-677-508
2065-705-531
2066-733-554
2067-762-578
2068-791-602
2069-820-627
2070-850-652
2071-880-677
2072-911-703
2073-942-729
2074-974-756
2075-1006-783
2076-1039-811
2077-1074-840
2078-1108-869
2079-1144-900
2080-1181-930
2081-1218-962
2082-1256-994
2083-1294-1026
2084-1333-1058
2085-1373-1092
2086-1413-1125
2087-1453-1159
2088-1494-1192
2089-1534-1226
2090-1574-1259
2091-1613-1291
2092-1651-1323
2093-1689-1355
2094-1726-1385
2095-1762-1415
2096-1798-1445
2097-1833-1474
2098-1868-1503
back