Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2029-2052, until the rate reaches 14.8 percent in 2052 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2025 | 169 | 169 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 113 | 113 |
2029 | 95 | 95 |
2030 | 78 | 78 |
2031 | 60 | 62 |
2032 | 43 | 46 |
2033 | 26 | 31 |
2034 | 9 | 17 |
2035 | -9 | 3 |
2036 | -27 | -10 |
2037 | -45 | -24 |
2038 | -63 | -38 |
2039 | -83 | -51 |
2040 | -102 | -64 |
2041 | -122 | -77 |
2042 | -143 | -90 |
2043 | -164 | -103 |
2044 | -185 | -115 |
2045 | -206 | -127 |
2046 | -228 | -139 |
2047 | -250 | -150 |
2048 | -272 | -161 |
2049 | -295 | -171 |
2050 | -317 | -181 |
2051 | -340 | -191 |
2052 | -363 | -200 |
2053 | -386 | -209 |
2054 | -409 | -218 |
2055 | -433 | -228 |
2056 | -457 | -238 |
2057 | -481 | -248 |
2058 | -505 | -258 |
2059 | -530 | -269 |
2060 | -556 | -281 |
2061 | -582 | -293 |
2062 | -609 | -305 |
2063 | -636 | -318 |
2064 | -664 | -332 |
2065 | -692 | -345 |
2066 | -721 | -359 |
2067 | -750 | -374 |
2068 | -780 | -389 |
2069 | -810 | -404 |
2070 | -840 | -419 |
2071 | -871 | -435 |
2072 | -903 | -452 |
2073 | -935 | -469 |
2074 | -967 | -486 |
2075 | -1000 | -504 |
2076 | -1035 | -522 |
2077 | -1070 | -541 |
2078 | -1106 | -561 |
2079 | -1142 | -581 |
2080 | -1180 | -601 |
2081 | -1219 | -622 |
2082 | -1258 | -644 |
2083 | -1298 | -665 |
2084 | -1338 | -687 |
2085 | -1380 | -710 |
2086 | -1423 | -733 |
2087 | -1466 | -756 |
2088 | -1510 | -779 |
2089 | -1554 | -802 |
2090 | -1599 | -826 |
2091 | -1643 | -849 |
2092 | -1687 | -872 |
2093 | -1731 | -894 |
2094 | -1774 | -916 |
2095 | -1816 | -938 |
2096 | -1858 | -959 |
2097 | -1900 | -980 |
2098 | -1941 | -1001 |
2099 | -1982 | -1022 |
2100 | -2022 | -1042 |
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