Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2017, 12.9 percent in 2025, 13.3 in percent in 2035, 13.8 percent in 2045, 14.4 percent in 2065, and 14.5 percent in 2080 and later.
  
    OASDI Trust Fund Ratio
    (assets as a percentage of annual expenditures)
    
    
    
    
    
      
        | Year | 
        Present Law | 
        Provision | 
      
    
    
      | 2014 | 320 | 320 |       
| 2015 | 306 | 306 |       
| 2016 | 292 | 292 |       
| 2017 | 277 | 277 |       
| 2018 | 262 | 264 |       
| 2019 | 248 | 250 |       
| 2020 | 233 | 237 |       
| 2021 | 219 | 223 |       
| 2022 | 203 | 209 |       
| 2023 | 187 | 195 |       
| 2024 | 171 | 179 |       
| 2025 | 154 | 164 |       
| 2026 | 137 | 149 |       
| 2027 | 119 | 134 |       
| 2028 | 101 | 119 |       
| 2029 | 83 | 104 |       
| 2030 | 64 | 87 |       
| 2031 | 44 | 70 |       
| 2032 | 23 | 53 |       
| 2033 | 2 | 34 |       
| 2034 | -20 | 16 |       
| 2035 | -42 | -3 |       
| 2036 | -65 | -21 |       
| 2037 | -88 | -39 |       
| 2038 | -112 | -57 |       
| 2039 | -136 | -75 |       
| 2040 | -160 | -94 |       
| 2041 | -185 | -112 |       
| 2042 | -210 | -131 |       
| 2043 | -235 | -150 |       
| 2044 | -260 | -169 |       
| 2045 | -285 | -188 |       
| 2046 | -310 | -204 |       
| 2047 | -336 | -221 |       
| 2048 | -362 | -238 |       
| 2049 | -388 | -254 |       
| 2050 | -415 | -271 |       
| 2051 | -442 | -288 |       
| 2052 | -468 | -305 |       
| 2053 | -495 | -323 |       
| 2054 | -523 | -340 |       
| 2055 | -550 | -358 |       
| 2056 | -578 | -376 |       
| 2057 | -606 | -394 |       
| 2058 | -635 | -413 |       
| 2059 | -664 | -432 |       
| 2060 | -694 | -452 |       
| 2061 | -725 | -472 |       
| 2062 | -756 | -492 |       
| 2063 | -787 | -513 |       
| 2064 | -819 | -535 |       
| 2065 | -852 | -556 |       
| 2066 | -885 | -575 |       
| 2067 | -918 | -595 |       
| 2068 | -952 | -614 |       
| 2069 | -987 | -635 |       
| 2070 | -1022 | -655 |       
| 2071 | -1057 | -676 |       
| 2072 | -1094 | -698 |       
| 2073 | -1132 | -721 |       
| 2074 | -1171 | -744 |       
| 2075 | -1210 | -767 |       
| 2076 | -1251 | -792 |       
| 2077 | -1293 | -817 |       
| 2078 | -1335 | -842 |       
| 2079 | -1378 | -868 |       
| 2080 | -1421 | -893 |       
| 2081 | -1464 | -919 |       
| 2082 | -1507 | -944 |       
| 2083 | -1550 | -969 |       
| 2084 | -1593 | -995 |       
| 2085 | -1636 | -1020 |       
| 2086 | -1680 | -1046 |       
| 2087 | -1724 | -1072 |       
| 2088 | -1769 | -1099 |       
| 2089 | -1814 | -1126 | 
    
    
  
  back