Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage points each year from 2030-2053, until the rate reaches 14.8 percent in 2053 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 | 74 |
| 2031 | 57 | 57 |
| 2032 | 40 | 42 |
| 2033 | 23 | 27 |
| 2034 | 7 | 13 |
| 2035 | -9 | 0 |
| 2036 | -25 | -13 |
| 2037 | -41 | -25 |
| 2038 | -58 | -37 |
| 2039 | -76 | -49 |
| 2040 | -94 | -62 |
| 2041 | -112 | -74 |
| 2042 | -132 | -86 |
| 2043 | -151 | -97 |
| 2044 | -171 | -109 |
| 2045 | -192 | -121 |
| 2046 | -213 | -133 |
| 2047 | -234 | -144 |
| 2048 | -256 | -155 |
| 2049 | -279 | -166 |
| 2050 | -301 | -177 |
| 2051 | -324 | -187 |
| 2052 | -347 | -198 |
| 2053 | -371 | -208 |
| 2054 | -395 | -218 |
| 2055 | -420 | -229 |
| 2056 | -445 | -240 |
| 2057 | -470 | -252 |
| 2058 | -496 | -264 |
| 2059 | -522 | -277 |
| 2060 | -550 | -291 |
| 2061 | -578 | -305 |
| 2062 | -607 | -320 |
| 2063 | -636 | -336 |
| 2064 | -666 | -353 |
| 2065 | -697 | -370 |
| 2066 | -729 | -387 |
| 2067 | -761 | -405 |
| 2068 | -794 | -424 |
| 2069 | -827 | -443 |
| 2070 | -861 | -463 |
| 2071 | -896 | -483 |
| 2072 | -931 | -505 |
| 2073 | -967 | -526 |
| 2074 | -1004 | -549 |
| 2075 | -1042 | -572 |
| 2076 | -1081 | -596 |
| 2077 | -1121 | -621 |
| 2078 | -1162 | -646 |
| 2079 | -1204 | -672 |
| 2080 | -1248 | -700 |
| 2081 | -1292 | -727 |
| 2082 | -1337 | -756 |
| 2083 | -1384 | -785 |
| 2084 | -1431 | -815 |
| 2085 | -1480 | -845 |
| 2086 | -1530 | -876 |
| 2087 | -1581 | -908 |
| 2088 | -1633 | -941 |
| 2089 | -1686 | -974 |
| 2090 | -1740 | -1008 |
| 2091 | -1795 | -1042 |
| 2092 | -1850 | -1076 |
| 2093 | -1906 | -1111 |
| 2094 | -1962 | -1146 |
| 2095 | -2019 | -1181 |
| 2096 | -2075 | -1215 |
| 2097 | -2132 | -1250 |
| 2098 | -2189 | -1285 |
| 2099 | -2246 | -1320 |
| 2100 | -2303 | -1355 |
| 2101 | -2359 | -1390 |
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