Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 15.4 percent in 2018 and later.

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

Year Current Law Provision
2017298298
2018287287
2019273292
2020259297
2021245301
2022230304
2023215306
2024199306
2025182305
2026165303
2027148300
2028130298
2029112295
203094293
203175291
203256289
203337287
203416284
2035-4282
2036-26279
2037-47276
2038-70274
2039-92272
2040-115270
2041-138268
2042-161267
2043-184266
2044-207266
2045-230265
2046-253265
2047-276265
2048-300265
2049-323265
2050-346265
2051-370266
2052-393266
2053-417266
2054-440266
2055-464266
2056-487265
2057-511265
2058-536264
2059-560263
2060-585261
2061-611260
2062-637258
2063-663256
2064-690254
2065-717251
2066-745248
2067-772245
2068-801242
2069-829238
2070-858234
2071-888230
2072-918225
2073-949221
2074-981216
2075-1014211
2076-1047206
2077-1082202
2078-1117197
2079-1153192
2080-1190187
2081-1227182
2082-1264177
2083-1300172
2084-1337167
2085-1374161
2086-1410156
2087-1446150
2088-1483144
2089-1520137
2090-1557131
2091-1595124
2092-1633116
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