Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2019-2042, until the rate reaches 14.8 percent in 2042. Then increase the payroll tax rate an additional 0.1 percentage point in each year from 2081-2085, until the rate reaches 15.3 percent for 2085 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 | 234 |
| 2021 | 219 | 220 |
| 2022 | 204 | 207 |
| 2023 | 189 | 195 |
| 2024 | 173 | 182 |
| 2025 | 157 | 170 |
| 2026 | 142 | 159 |
| 2027 | 126 | 148 |
| 2028 | 110 | 137 |
| 2029 | 94 | 126 |
| 2030 | 77 | 116 |
| 2031 | 60 | 106 |
| 2032 | 42 | 96 |
| 2033 | 23 | 85 |
| 2034 | 4 | 75 |
| 2035 | -16 | 65 |
| 2036 | -36 | 55 |
| 2037 | -57 | 45 |
| 2038 | -78 | 36 |
| 2039 | -100 | 27 |
| 2040 | -122 | 18 |
| 2041 | -144 | 10 |
| 2042 | -166 | 3 |
| 2043 | -189 | -4 |
| 2044 | -211 | -11 |
| 2045 | -234 | -17 |
| 2046 | -257 | -24 |
| 2047 | -280 | -30 |
| 2048 | -303 | -37 |
| 2049 | -327 | -43 |
| 2050 | -351 | -50 |
| 2051 | -375 | -56 |
| 2052 | -398 | -63 |
| 2053 | -423 | -70 |
| 2054 | -447 | -77 |
| 2055 | -472 | -84 |
| 2056 | -496 | -91 |
| 2057 | -522 | -99 |
| 2058 | -548 | -107 |
| 2059 | -574 | -116 |
| 2060 | -601 | -125 |
| 2061 | -629 | -134 |
| 2062 | -657 | -143 |
| 2063 | -685 | -153 |
| 2064 | -714 | -163 |
| 2065 | -744 | -174 |
| 2066 | -774 | -185 |
| 2067 | -804 | -196 |
| 2068 | -835 | -208 |
| 2069 | -867 | -220 |
| 2070 | -899 | -232 |
| 2071 | -932 | -245 |
| 2072 | -965 | -258 |
| 2073 | -1000 | -272 |
| 2074 | -1035 | -286 |
| 2075 | -1072 | -300 |
| 2076 | -1110 | -315 |
| 2077 | -1148 | -331 |
| 2078 | -1188 | -346 |
| 2079 | -1228 | -362 |
| 2080 | -1268 | -378 |
| 2081 | -1309 | -394 |
| 2082 | -1350 | -410 |
| 2083 | -1391 | -425 |
| 2084 | -1432 | -440 |
| 2085 | -1472 | -455 |
| 2086 | -1514 | -469 |
| 2087 | -1555 | -483 |
| 2088 | -1597 | -498 |
| 2089 | -1640 | -513 |
| 2090 | -1683 | -528 |
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