Proposed Provision: E3.1. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2022-2031). 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
2021253253
2022231231
2023214215
2024196199
2025178183
2026159168
2027141153
2028122138
2029104124
203085110
20316696
20324682
20332768
2034754
2035-1340
2036-3326
2037-5411
2038-76-4
2039-97-19
2040-119-35
2041-142-51
2042-165-67
2043-188-83
2044-211-100
2045-235-117
2046-258-134
2047-282-151
2048-306-168
2049-330-185
2050-354-203
2051-378-220
2052-403-238
2053-427-256
2054-452-274
2055-477-293
2056-502-311
2057-527-330
2058-552-349
2059-578-369
2060-604-388
2061-630-408
2062-657-429
2063-684-450
2064-712-471
2065-740-493
2066-768-515
2067-796-537
2068-825-560
2069-855-583
2070-884-607
2071-914-631
2072-945-655
2073-976-680
2074-1007-705
2075-1039-731
2076-1071-757
2077-1105-784
2078-1139-812
2079-1175-841
2080-1211-870
2081-1248-900
2082-1286-930
2083-1324-961
2084-1363-992
2085-1403-1024
2086-1443-1056
2087-1483-1088
2088-1524-1121
2089-1564-1153
2090-1604-1185
2091-1643-1216
2092-1681-1246
2093-1718-1276
2094-1754-1305
2095-1789-1333
2096-1825-1362
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