Proposed Provision: Make all earnings subject to the employer OASDI payroll tax beginning in 2011. For the employee OASDI payroll tax and for benefit calculation purposes, the taxable maximum would equal the present-law taxable maximum for years 2010 and earlier. Beginning in 2011, the taxable maximum would be raised each year by an additional 2 percent over the current-law, wage-indexed amount until earnings subject to payroll taxes equals 90 percent of all covered earnings.

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

Year Present Law Provision
2010355355
2011353353
2012350358
2013346361
2014341365
2015335368
2016330371
2017324374
2018317375
2019309376
2020299375
2021289372
2022277369
2023264365
2024251360
2025237354
2026221347
2027205340
2028189333
2029171325
2030154316
2031136308
2032117299
203398291
203479282
203559273
203639265
203719256
2038-1248
2039-21240
2040-42232
2041-63225
2042-84217
2043-105210
2044-126203
2045-147196
2046-168189
2047-189182
2048-211175
2049-233169
2050-255162
2051-277155
2052-299148
2053-321141
2054-344133
2055-366126
2056-389118
2057-412110
2058-436101
2059-46093
2060-48584
2061-50975
2062-53466
2063-56056
2064-58646
2065-61236
2066-63826
2067-66515
2068-6924
2069-720-7
2070-748-19
2071-776-31
2072-805-44
2073-834-56
2074-864-69
2075-894-83
2076-925-97
2077-957-111
2078-989-125
2079-1021-140
2080-1054-155
2081-1087-171
2082-1121-187
2083-1156-204
2084-1191-220
2085-1227-238
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