Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 16.1 percent in 2034-2063, and to 19.8 percent in years 2064 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 | 40 |
| 2033 | 23 | 23 |
| 2034 | 7 | 7 |
| 2035 | -9 | 12 |
| 2036 | -25 | 18 |
| 2037 | -41 | 23 |
| 2038 | -58 | 28 |
| 2039 | -76 | 32 |
| 2040 | -94 | 35 |
| 2041 | -112 | 39 |
| 2042 | -132 | 42 |
| 2043 | -151 | 44 |
| 2044 | -171 | 47 |
| 2045 | -192 | 48 |
| 2046 | -213 | 50 |
| 2047 | -234 | 51 |
| 2048 | -256 | 52 |
| 2049 | -279 | 53 |
| 2050 | -301 | 54 |
| 2051 | -324 | 54 |
| 2052 | -347 | 53 |
| 2053 | -371 | 52 |
| 2054 | -395 | 50 |
| 2055 | -420 | 48 |
| 2056 | -445 | 45 |
| 2057 | -470 | 42 |
| 2058 | -496 | 38 |
| 2059 | -522 | 33 |
| 2060 | -550 | 28 |
| 2061 | -578 | 22 |
| 2062 | -607 | 15 |
| 2063 | -636 | 8 |
| 2064 | -666 | 0 |
| 2065 | -697 | 10 |
| 2066 | -729 | 20 |
| 2067 | -761 | 29 |
| 2068 | -794 | 37 |
| 2069 | -827 | 45 |
| 2070 | -861 | 52 |
| 2071 | -896 | 59 |
| 2072 | -931 | 66 |
| 2073 | -967 | 72 |
| 2074 | -1004 | 77 |
| 2075 | -1042 | 82 |
| 2076 | -1081 | 87 |
| 2077 | -1121 | 91 |
| 2078 | -1162 | 95 |
| 2079 | -1204 | 99 |
| 2080 | -1248 | 102 |
| 2081 | -1292 | 106 |
| 2082 | -1337 | 109 |
| 2083 | -1384 | 112 |
| 2084 | -1431 | 115 |
| 2085 | -1480 | 118 |
| 2086 | -1530 | 121 |
| 2087 | -1581 | 125 |
| 2088 | -1633 | 128 |
| 2089 | -1686 | 132 |
| 2090 | -1740 | 136 |
| 2091 | -1795 | 140 |
| 2092 | -1850 | 145 |
| 2093 | -1906 | 149 |
| 2094 | -1962 | 154 |
| 2095 | -2019 | 160 |
| 2096 | -2075 | 165 |
| 2097 | -2132 | 171 |
| 2098 | -2189 | 177 |
| 2099 | -2246 | 183 |
| 2100 | -2303 | 189 |
| 2101 | -2359 | 195 |
back