Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2029-2048, until the rate reaches 14.4 percent in 2048 and later.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307879
20316062
20324346
20332530
2034715
2035-120
2036-31-15
2037-51-30
2038-70-45
2039-91-60
2040-112-74
2041-133-88
2042-154-102
2043-176-116
2044-198-129
2045-220-142
2046-243-154
2047-265-166
2048-288-177
2049-311-188
2050-333-199
2051-357-210
2052-380-221
2053-403-233
2054-427-244
2055-450-256
2056-474-268
2057-498-280
2058-522-293
2059-547-306
2060-572-319
2061-597-333
2062-623-347
2063-650-362
2064-677-377
2065-705-392
2066-733-408
2067-762-424
2068-791-441
2069-820-458
2070-850-475
2071-880-493
2072-911-511
2073-942-529
2074-974-548
2075-1006-567
2076-1039-586
2077-1074-607
2078-1108-627
2079-1144-649
2080-1181-670
2081-1218-692
2082-1256-715
2083-1294-737
2084-1333-760
2085-1373-783
2086-1413-806
2087-1453-829
2088-1494-852
2089-1534-875
2090-1574-897
2091-1613-919
2092-1651-941
2093-1689-961
2094-1726-982
2095-1762-1002
2096-1798-1021
2097-1833-1041
2098-1868-1060
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