Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2017-2022, until the rate reaches 13.0 percent for 2022 and later.

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

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262263
2019248250
2020233237
2021219225
2022203213
2023187200
2024171187
2025154174
2026137160
2027119146
2028101131
202983116
203064100
20314484
20322367
2033249
2034-2031
2035-4213
2036-65-6
2037-88-25
2038-112-45
2039-136-65
2040-160-85
2041-185-105
2042-210-125
2043-235-146
2044-260-166
2045-285-187
2046-310-207
2047-336-228
2048-362-250
2049-388-271
2050-415-293
2051-442-314
2052-468-336
2053-495-358
2054-523-381
2055-550-403
2056-578-426
2057-606-449
2058-635-473
2059-664-497
2060-694-522
2061-725-547
2062-756-573
2063-787-599
2064-819-626
2065-852-653
2066-885-680
2067-918-708
2068-952-737
2069-987-765
2070-1022-795
2071-1057-825
2072-1094-856
2073-1132-888
2074-1171-920
2075-1210-953
2076-1251-987
2077-1293-1022
2078-1335-1058
2079-1378-1094
2080-1421-1130
2081-1464-1166
2082-1507-1202
2083-1550-1238
2084-1593-1275
2085-1636-1311
2086-1680-1348
2087-1724-1385
2088-1769-1423
2089-1814-1461
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