Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2028-2057, and to 18.0 percent in years 2058 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 280 |
| 2018 | 264 | 264 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 204 | 204 |
| 2023 | 189 | 189 |
| 2024 | 173 | 173 |
| 2025 | 157 | 157 |
| 2026 | 142 | 142 |
| 2027 | 126 | 126 |
| 2028 | 110 | 110 |
| 2029 | 94 | 110 |
| 2030 | 77 | 109 |
| 2031 | 60 | 108 |
| 2032 | 42 | 106 |
| 2033 | 23 | 104 |
| 2034 | 4 | 101 |
| 2035 | -16 | 98 |
| 2036 | -36 | 94 |
| 2037 | -57 | 90 |
| 2038 | -78 | 86 |
| 2039 | -100 | 83 |
| 2040 | -122 | 79 |
| 2041 | -144 | 75 |
| 2042 | -166 | 71 |
| 2043 | -189 | 68 |
| 2044 | -211 | 64 |
| 2045 | -234 | 61 |
| 2046 | -257 | 57 |
| 2047 | -280 | 54 |
| 2048 | -303 | 51 |
| 2049 | -327 | 48 |
| 2050 | -351 | 45 |
| 2051 | -375 | 42 |
| 2052 | -398 | 38 |
| 2053 | -423 | 35 |
| 2054 | -447 | 31 |
| 2055 | -472 | 28 |
| 2056 | -496 | 23 |
| 2057 | -522 | 19 |
| 2058 | -548 | 14 |
| 2059 | -574 | 24 |
| 2060 | -601 | 34 |
| 2061 | -629 | 44 |
| 2062 | -657 | 53 |
| 2063 | -685 | 63 |
| 2064 | -714 | 72 |
| 2065 | -744 | 81 |
| 2066 | -774 | 90 |
| 2067 | -804 | 99 |
| 2068 | -835 | 107 |
| 2069 | -867 | 115 |
| 2070 | -899 | 123 |
| 2071 | -932 | 131 |
| 2072 | -965 | 139 |
| 2073 | -1000 | 146 |
| 2074 | -1035 | 154 |
| 2075 | -1072 | 162 |
| 2076 | -1110 | 169 |
| 2077 | -1148 | 177 |
| 2078 | -1188 | 185 |
| 2079 | -1228 | 193 |
| 2080 | -1268 | 201 |
| 2081 | -1309 | 210 |
| 2082 | -1350 | 218 |
| 2083 | -1391 | 226 |
| 2084 | -1432 | 234 |
| 2085 | -1472 | 243 |
| 2086 | -1514 | 250 |
| 2087 | -1555 | 258 |
| 2088 | -1597 | 266 |
| 2089 | -1640 | 274 |
| 2090 | -1683 | 281 |
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