Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2015, 13.0 percent in 2028, 13.3 in percent in 2043, 14.0 percent in 2063, 14.5 percent in 2073, and 14.7 percent in 2083 and later.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290291
2017277281
2018265271
2019253261
2020240250
2021227238
2022212225
2023197212
2024181197
2025164182
2026147166
2027129150
2028110133
202990117
203070100
20314982
20322764
2033545
2034-1826
2035-416
2036-65-14
2037-89-34
2038-114-55
2039-138-75
2040-163-96
2041-189-117
2042-215-139
2043-240-160
2044-266-180
2045-292-200
2046-319-220
2047-346-241
2048-373-261
2049-400-282
2050-428-303
2051-456-324
2052-484-345
2053-512-367
2054-540-388
2055-569-410
2056-598-432
2057-628-454
2058-657-477
2059-688-500
2060-719-524
2061-750-548
2062-782-572
2063-814-596
2064-847-618
2065-880-639
2066-913-660
2067-946-682
2068-980-703
2069-1014-725
2070-1049-748
2071-1084-770
2072-1120-794
2073-1156-817
2074-1193-839
2075-1230-860
2076-1268-883
2077-1307-905
2078-1346-928
2079-1385-951
2080-1425-974
2081-1465-998
2082-1505-1022
2083-1547-1046
2084-1588-1070
2085-1631-1094
2086-1673-1119
2087-1717-1144
back