Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.3 percent in 2013 and later.

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

Year Present Law Provision
2012340340
2013329329
2014315333
2015302338
2016290344
2017277350
2018265355
2019253360
2020240363
2021227366
2022212367
2023197367
2024181366
2025164365
2026147364
2027129362
2028110359
202990356
203070353
203149349
203227345
20335341
2034-18337
2035-41333
2036-65329
2037-89325
2038-114322
2039-138318
2040-163316
2041-189313
2042-215310
2043-240308
2044-266306
2045-292304
2046-319302
2047-346300
2048-373299
2049-400297
2050-428296
2051-456294
2052-484293
2053-512291
2054-540289
2055-569287
2056-598285
2057-628283
2058-657281
2059-688279
2060-719277
2061-750275
2062-782272
2063-814270
2064-847268
2065-880265
2066-913262
2067-946260
2068-980256
2069-1014253
2070-1049250
2071-1084246
2072-1120242
2073-1156238
2074-1193234
2075-1230230
2076-1268226
2077-1307221
2078-1346216
2079-1385211
2080-1425206
2081-1465200
2082-1505194
2083-1547188
2084-1588182
2085-1631176
2086-1673169
2087-1717162
back