Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage points each year from 2029-2034, until the rate reaches 13.0 percent for 2034 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 111 |
| 2029 | 92 | 92 |
| 2030 | 74 | 75 |
| 2031 | 57 | 59 |
| 2032 | 40 | 43 |
| 2033 | 23 | 29 |
| 2034 | 7 | 16 |
| 2035 | -9 | 3 |
| 2036 | -25 | -9 |
| 2037 | -41 | -22 |
| 2038 | -58 | -35 |
| 2039 | -76 | -49 |
| 2040 | -94 | -64 |
| 2041 | -112 | -79 |
| 2042 | -132 | -94 |
| 2043 | -151 | -110 |
| 2044 | -171 | -127 |
| 2045 | -192 | -143 |
| 2046 | -213 | -161 |
| 2047 | -234 | -179 |
| 2048 | -256 | -197 |
| 2049 | -279 | -215 |
| 2050 | -301 | -234 |
| 2051 | -324 | -253 |
| 2052 | -347 | -273 |
| 2053 | -371 | -293 |
| 2054 | -395 | -313 |
| 2055 | -420 | -334 |
| 2056 | -445 | -355 |
| 2057 | -470 | -377 |
| 2058 | -496 | -399 |
| 2059 | -522 | -422 |
| 2060 | -550 | -446 |
| 2061 | -578 | -470 |
| 2062 | -607 | -496 |
| 2063 | -636 | -521 |
| 2064 | -666 | -548 |
| 2065 | -697 | -575 |
| 2066 | -729 | -603 |
| 2067 | -761 | -631 |
| 2068 | -794 | -660 |
| 2069 | -827 | -690 |
| 2070 | -861 | -720 |
| 2071 | -896 | -751 |
| 2072 | -931 | -782 |
| 2073 | -967 | -815 |
| 2074 | -1004 | -848 |
| 2075 | -1042 | -882 |
| 2076 | -1081 | -917 |
| 2077 | -1121 | -952 |
| 2078 | -1162 | -989 |
| 2079 | -1204 | -1027 |
| 2080 | -1248 | -1066 |
| 2081 | -1292 | -1106 |
| 2082 | -1337 | -1146 |
| 2083 | -1384 | -1188 |
| 2084 | -1431 | -1231 |
| 2085 | -1480 | -1274 |
| 2086 | -1530 | -1319 |
| 2087 | -1581 | -1365 |
| 2088 | -1633 | -1412 |
| 2089 | -1686 | -1459 |
| 2090 | -1740 | -1507 |
| 2091 | -1795 | -1556 |
| 2092 | -1850 | -1606 |
| 2093 | -1906 | -1656 |
| 2094 | -1962 | -1706 |
| 2095 | -2019 | -1756 |
| 2096 | -2075 | -1807 |
| 2097 | -2132 | -1858 |
| 2098 | -2189 | -1909 |
| 2099 | -2246 | -1959 |
| 2100 | -2303 | -2010 |
| 2101 | -2359 | -2061 |
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