Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2018-2037, until the rate reaches 14.4 percent in 2037 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 315 |
| 2015 | 302 | 302 |
| 2016 | 290 | 290 |
| 2017 | 277 | 277 |
| 2018 | 265 | 265 |
| 2019 | 253 | 254 |
| 2020 | 240 | 242 |
| 2021 | 227 | 231 |
| 2022 | 212 | 219 |
| 2023 | 197 | 206 |
| 2024 | 181 | 194 |
| 2025 | 164 | 181 |
| 2026 | 147 | 168 |
| 2027 | 129 | 155 |
| 2028 | 110 | 142 |
| 2029 | 90 | 128 |
| 2030 | 70 | 115 |
| 2031 | 49 | 101 |
| 2032 | 27 | 87 |
| 2033 | 5 | 73 |
| 2034 | -18 | 60 |
| 2035 | -41 | 46 |
| 2036 | -65 | 33 |
| 2037 | -89 | 21 |
| 2038 | -114 | 8 |
| 2039 | -138 | -4 |
| 2040 | -163 | -17 |
| 2041 | -189 | -29 |
| 2042 | -215 | -41 |
| 2043 | -240 | -54 |
| 2044 | -266 | -66 |
| 2045 | -292 | -79 |
| 2046 | -319 | -91 |
| 2047 | -346 | -104 |
| 2048 | -373 | -116 |
| 2049 | -400 | -129 |
| 2050 | -428 | -141 |
| 2051 | -456 | -154 |
| 2052 | -484 | -167 |
| 2053 | -512 | -180 |
| 2054 | -540 | -193 |
| 2055 | -569 | -206 |
| 2056 | -598 | -219 |
| 2057 | -628 | -233 |
| 2058 | -657 | -247 |
| 2059 | -688 | -261 |
| 2060 | -719 | -275 |
| 2061 | -750 | -290 |
| 2062 | -782 | -305 |
| 2063 | -814 | -320 |
| 2064 | -847 | -335 |
| 2065 | -880 | -350 |
| 2066 | -913 | -365 |
| 2067 | -946 | -381 |
| 2068 | -980 | -397 |
| 2069 | -1014 | -413 |
| 2070 | -1049 | -429 |
| 2071 | -1084 | -446 |
| 2072 | -1120 | -463 |
| 2073 | -1156 | -481 |
| 2074 | -1193 | -498 |
| 2075 | -1230 | -516 |
| 2076 | -1268 | -535 |
| 2077 | -1307 | -554 |
| 2078 | -1346 | -573 |
| 2079 | -1385 | -592 |
| 2080 | -1425 | -611 |
| 2081 | -1465 | -631 |
| 2082 | -1505 | -651 |
| 2083 | -1547 | -672 |
| 2084 | -1588 | -693 |
| 2085 | -1631 | -714 |
| 2086 | -1673 | -736 |
| 2087 | -1717 | -758 |
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