Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 16.4 percent in 2026 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 | 154 |
2028 | 113 | 159 |
2029 | 95 | 164 |
2030 | 78 | 168 |
2031 | 60 | 172 |
2032 | 43 | 176 |
2033 | 26 | 184 |
2034 | 9 | 188 |
2035 | -9 | 193 |
2036 | -27 | 198 |
2037 | -45 | 203 |
2038 | -63 | 208 |
2039 | -83 | 213 |
2040 | -102 | 218 |
2041 | -122 | 223 |
2042 | -143 | 227 |
2043 | -164 | 232 |
2044 | -185 | 237 |
2045 | -206 | 242 |
2046 | -228 | 247 |
2047 | -250 | 252 |
2048 | -272 | 256 |
2049 | -295 | 260 |
2050 | -317 | 264 |
2051 | -340 | 268 |
2052 | -363 | 272 |
2053 | -386 | 275 |
2054 | -409 | 277 |
2055 | -433 | 280 |
2056 | -457 | 281 |
2057 | -481 | 282 |
2058 | -505 | 283 |
2059 | -530 | 283 |
2060 | -556 | 283 |
2061 | -582 | 283 |
2062 | -609 | 282 |
2063 | -636 | 281 |
2064 | -664 | 280 |
2065 | -692 | 278 |
2066 | -721 | 276 |
2067 | -750 | 274 |
2068 | -780 | 272 |
2069 | -810 | 269 |
2070 | -840 | 265 |
2071 | -871 | 262 |
2072 | -903 | 258 |
2073 | -935 | 254 |
2074 | -967 | 249 |
2075 | -1000 | 244 |
2076 | -1035 | 239 |
2077 | -1070 | 234 |
2078 | -1106 | 229 |
2079 | -1142 | 224 |
2080 | -1180 | 218 |
2081 | -1219 | 213 |
2082 | -1258 | 208 |
2083 | -1298 | 202 |
2084 | -1338 | 197 |
2085 | -1380 | 192 |
2086 | -1423 | 187 |
2087 | -1466 | 183 |
2088 | -1510 | 178 |
2089 | -1554 | 174 |
2090 | -1599 | 170 |
2091 | -1643 | 167 |
2092 | -1687 | 163 |
2093 | -1731 | 160 |
2094 | -1774 | 156 |
2095 | -1816 | 153 |
2096 | -1858 | 150 |
2097 | -1900 | 147 |
2098 | -1941 | 144 |
2099 | -1982 | 141 |
2100 | -2022 | 137 |
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