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
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316062
20324346
20332631
2034917
2035-93
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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