Proposed Provision: E1.5. Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2020, 12.9 percent in 2028, 13.1 in percent in 2038, 13.9 percent in 2048, 13.5 percent in 2058, and 13.3 percent in 2068 and later.

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245246
2022230233
2023215219
2024199204
2025182188
2026165172
2027148156
2028130139
2029112124
203094109
20317593
20325677
20333760
20341643
2035-425
2036-266
2037-47-12
2038-70-31
2039-92-50
2040-115-68
2041-138-86
2042-161-105
2043-184-123
2044-207-142
2045-230-160
2046-253-178
2047-276-197
2048-300-215
2049-323-229
2050-346-243
2051-370-257
2052-393-271
2053-417-284
2054-440-298
2055-464-312
2056-487-326
2057-511-340
2058-536-354
2059-560-371
2060-585-389
2061-611-406
2062-637-424
2063-663-443
2064-690-462
2065-717-481
2066-745-500
2067-772-520
2068-801-540
2069-829-562
2070-858-584
2071-888-606
2072-918-629
2073-949-653
2074-981-677
2075-1014-702
2076-1047-727
2077-1082-753
2078-1117-780
2079-1153-808
2080-1190-835
2081-1227-863
2082-1264-891
2083-1300-919
2084-1337-947
2085-1374-974
2086-1410-1002
2087-1446-1030
2088-1483-1058
2089-1520-1086
2090-1557-1115
2091-1595-1144
2092-1633-1173
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