Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2026-2055, and to 18.0 percent in years 2056 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 286 |
| 2017 | 271 | 271 |
| 2018 | 257 | 257 |
| 2019 | 244 | 244 |
| 2020 | 231 | 231 |
| 2021 | 218 | 218 |
| 2022 | 204 | 204 |
| 2023 | 189 | 189 |
| 2024 | 173 | 174 |
| 2025 | 158 | 158 |
| 2026 | 142 | 142 |
| 2027 | 125 | 141 |
| 2028 | 108 | 140 |
| 2029 | 90 | 138 |
| 2030 | 71 | 135 |
| 2031 | 52 | 132 |
| 2032 | 31 | 128 |
| 2033 | 11 | 123 |
| 2034 | -11 | 118 |
| 2035 | -32 | 113 |
| 2036 | -55 | 107 |
| 2037 | -78 | 102 |
| 2038 | -101 | 96 |
| 2039 | -124 | 91 |
| 2040 | -148 | 85 |
| 2041 | -172 | 80 |
| 2042 | -196 | 75 |
| 2043 | -220 | 70 |
| 2044 | -245 | 65 |
| 2045 | -269 | 60 |
| 2046 | -294 | 55 |
| 2047 | -319 | 50 |
| 2048 | -345 | 45 |
| 2049 | -371 | 41 |
| 2050 | -397 | 36 |
| 2051 | -423 | 31 |
| 2052 | -449 | 26 |
| 2053 | -476 | 21 |
| 2054 | -502 | 16 |
| 2055 | -530 | 10 |
| 2056 | -557 | 4 |
| 2057 | -585 | 13 |
| 2058 | -613 | 21 |
| 2059 | -642 | 30 |
| 2060 | -671 | 39 |
| 2061 | -701 | 47 |
| 2062 | -732 | 55 |
| 2063 | -763 | 64 |
| 2064 | -794 | 72 |
| 2065 | -826 | 79 |
| 2066 | -859 | 87 |
| 2067 | -892 | 95 |
| 2068 | -925 | 102 |
| 2069 | -959 | 109 |
| 2070 | -993 | 117 |
| 2071 | -1028 | 124 |
| 2072 | -1064 | 131 |
| 2073 | -1101 | 137 |
| 2074 | -1139 | 144 |
| 2075 | -1178 | 151 |
| 2076 | -1217 | 158 |
| 2077 | -1258 | 166 |
| 2078 | -1299 | 173 |
| 2079 | -1340 | 180 |
| 2080 | -1382 | 187 |
| 2081 | -1424 | 195 |
| 2082 | -1466 | 202 |
| 2083 | -1508 | 209 |
| 2084 | -1550 | 216 |
| 2085 | -1592 | 223 |
| 2086 | -1635 | 230 |
| 2087 | -1678 | 236 |
| 2088 | -1722 | 243 |
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