Proposed Provision: Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2014 and later.

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

Year Present Law Provision
2013330330
2014315315
2015301295
2016286273
2017271252
2018257232
2019244213
2020231194
2021218175
2022204155
2023189135
2024173114
202515893
202614271
202712549
202810826
2029902
203071-23
203152-49
203231-75
203311-102
2034-11-130
2035-32-159
2036-55-188
2037-78-218
2038-101-248
2039-124-279
2040-148-311
2041-172-343
2042-196-375
2043-220-408
2044-245-440
2045-269-473
2046-294-506
2047-319-540
2048-345-574
2049-371-609
2050-397-643
2051-423-678
2052-449-714
2053-476-749
2054-502-785
2055-530-820
2056-557-857
2057-585-894
2058-613-931
2059-642-969
2060-671-1008
2061-701-1047
2062-732-1087
2063-763-1127
2064-794-1169
2065-826-1210
2066-859-1252
2067-892-1295
2068-925-1338
2069-959-1382
2070-993-1427
2071-1028-1472
2072-1064-1519
2073-1101-1566
2074-1139-1615
2075-1178-1665
2076-1217-1717
2077-1258-1769
2078-1299-1822
2079-1340-1876
2080-1382-1930
2081-1424-1984
2082-1466-2038
2083-1508-2092
2084-1550-2146
2085-1592-2200
2086-1635-2255
2087-1678-2310
2088-1722-2366
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