Proposed Provision: E1.7. Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2020, 13.0 percent in 2033, 13.3 in percent in 2048, 14.0 percent in 2068, 14.5 percent in 2078, and 14.7 percent in 2088 and later.

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245247
2022230234
2023215220
2024199206
2025182191
2026165176
2027148160
2028130144
2029112128
203094111
20317594
20325677
20333759
20341642
2035-425
2036-267
2037-47-11
2038-70-30
2039-92-49
2040-115-67
2041-138-86
2042-161-105
2043-184-124
2044-207-143
2045-230-162
2046-253-181
2047-276-200
2048-300-219
2049-323-237
2050-346-254
2051-370-271
2052-393-288
2053-417-306
2054-440-323
2055-464-340
2056-487-358
2057-511-376
2058-536-394
2059-560-412
2060-585-431
2061-611-450
2062-637-470
2063-663-490
2064-690-510
2065-717-531
2066-745-552
2067-772-573
2068-801-595
2069-829-613
2070-858-632
2071-888-651
2072-918-670
2073-949-691
2074-981-711
2075-1014-733
2076-1047-755
2077-1082-778
2078-1117-801
2079-1153-822
2080-1190-844
2081-1227-865
2082-1264-887
2083-1300-908
2084-1337-929
2085-1374-951
2086-1410-972
2087-1446-993
2088-1483-1014
2089-1520-1035
2090-1557-1055
2091-1595-1076
2092-1633-1098
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