Proposed Provision: E1.7. Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2019, 13.0 percent in 2032, 13.3 in percent in 2047, 14.0 percent in 2067, 14.5 percent in 2077, and 14.7 percent in 2087 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 262 |
| 2020 | 246 | 248 |
| 2021 | 231 | 235 |
| 2022 | 216 | 221 |
| 2023 | 200 | 207 |
| 2024 | 183 | 192 |
| 2025 | 165 | 176 |
| 2026 | 149 | 161 |
| 2027 | 132 | 146 |
| 2028 | 115 | 130 |
| 2029 | 98 | 115 |
| 2030 | 81 | 100 |
| 2031 | 64 | 84 |
| 2032 | 46 | 68 |
| 2033 | 27 | 53 |
| 2034 | 8 | 38 |
| 2035 | -11 | 23 |
| 2036 | -30 | 7 |
| 2037 | -50 | -9 |
| 2038 | -71 | -26 |
| 2039 | -91 | -43 |
| 2040 | -112 | -60 |
| 2041 | -133 | -77 |
| 2042 | -154 | -94 |
| 2043 | -176 | -111 |
| 2044 | -197 | -128 |
| 2045 | -218 | -145 |
| 2046 | -240 | -163 |
| 2047 | -262 | -180 |
| 2048 | -283 | -196 |
| 2049 | -305 | -212 |
| 2050 | -327 | -227 |
| 2051 | -349 | -243 |
| 2052 | -371 | -259 |
| 2053 | -393 | -274 |
| 2054 | -415 | -290 |
| 2055 | -437 | -306 |
| 2056 | -460 | -323 |
| 2057 | -482 | -339 |
| 2058 | -506 | -356 |
| 2059 | -529 | -374 |
| 2060 | -553 | -391 |
| 2061 | -578 | -409 |
| 2062 | -603 | -428 |
| 2063 | -628 | -447 |
| 2064 | -654 | -466 |
| 2065 | -680 | -485 |
| 2066 | -706 | -505 |
| 2067 | -733 | -526 |
| 2068 | -760 | -543 |
| 2069 | -788 | -560 |
| 2070 | -816 | -577 |
| 2071 | -845 | -595 |
| 2072 | -874 | -614 |
| 2073 | -905 | -633 |
| 2074 | -935 | -653 |
| 2075 | -967 | -673 |
| 2076 | -1000 | -694 |
| 2077 | -1033 | -715 |
| 2078 | -1068 | -735 |
| 2079 | -1102 | -755 |
| 2080 | -1138 | -774 |
| 2081 | -1173 | -794 |
| 2082 | -1208 | -814 |
| 2083 | -1243 | -834 |
| 2084 | -1279 | -854 |
| 2085 | -1314 | -873 |
| 2086 | -1349 | -893 |
| 2087 | -1384 | -913 |
| 2088 | -1419 | -932 |
| 2089 | -1455 | -951 |
| 2090 | -1491 | -970 |
| 2091 | -1528 | -990 |
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