Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2027-2050, until the rate reaches 14.8 percent in 2050 and later.

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

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299698
20307882
20316066
20324351
20332537
2034722
2035-128
2036-31-6
2037-51-19
2038-70-33
2039-91-47
2040-112-60
2041-133-73
2042-154-85
2043-176-98
2044-198-110
2045-220-121
2046-243-132
2047-265-142
2048-288-152
2049-311-162
2050-333-171
2051-357-180
2052-380-189
2053-403-198
2054-427-207
2055-450-216
2056-474-226
2057-498-236
2058-522-246
2059-547-256
2060-572-267
2061-597-279
2062-623-291
2063-650-303
2064-677-316
2065-705-329
2066-733-342
2067-762-356
2068-791-370
2069-820-384
2070-850-399
2071-880-414
2072-911-430
2073-942-445
2074-974-461
2075-1006-478
2076-1039-495
2077-1074-512
2078-1108-530
2079-1144-549
2080-1181-567
2081-1218-586
2082-1256-606
2083-1294-625
2084-1333-645
2085-1373-664
2086-1413-684
2087-1453-703
2088-1494-723
2089-1534-742
2090-1574-761
2091-1613-780
2092-1651-798
2093-1689-815
2094-1726-832
2095-1762-849
2096-1798-865
2097-1833-881
2098-1868-897
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