Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 15.5 percent in 2030-2059, and to 18.6 percent in years 2060 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 112 |
| 2030 | 94 | 94 |
| 2031 | 75 | 92 |
| 2032 | 56 | 90 |
| 2033 | 37 | 88 |
| 2034 | 16 | 85 |
| 2035 | -4 | 82 |
| 2036 | -26 | 78 |
| 2037 | -47 | 74 |
| 2038 | -70 | 70 |
| 2039 | -92 | 66 |
| 2040 | -115 | 62 |
| 2041 | -138 | 59 |
| 2042 | -161 | 55 |
| 2043 | -184 | 52 |
| 2044 | -207 | 49 |
| 2045 | -230 | 46 |
| 2046 | -253 | 44 |
| 2047 | -276 | 42 |
| 2048 | -300 | 40 |
| 2049 | -323 | 38 |
| 2050 | -346 | 36 |
| 2051 | -370 | 34 |
| 2052 | -393 | 32 |
| 2053 | -417 | 30 |
| 2054 | -440 | 29 |
| 2055 | -464 | 27 |
| 2056 | -487 | 25 |
| 2057 | -511 | 22 |
| 2058 | -536 | 20 |
| 2059 | -560 | 17 |
| 2060 | -585 | 14 |
| 2061 | -611 | 27 |
| 2062 | -637 | 40 |
| 2063 | -663 | 53 |
| 2064 | -690 | 66 |
| 2065 | -717 | 79 |
| 2066 | -745 | 92 |
| 2067 | -772 | 105 |
| 2068 | -801 | 117 |
| 2069 | -829 | 129 |
| 2070 | -858 | 141 |
| 2071 | -888 | 153 |
| 2072 | -918 | 164 |
| 2073 | -949 | 176 |
| 2074 | -981 | 188 |
| 2075 | -1014 | 199 |
| 2076 | -1047 | 211 |
| 2077 | -1082 | 223 |
| 2078 | -1117 | 235 |
| 2079 | -1153 | 248 |
| 2080 | -1190 | 261 |
| 2081 | -1227 | 273 |
| 2082 | -1264 | 286 |
| 2083 | -1300 | 299 |
| 2084 | -1337 | 312 |
| 2085 | -1374 | 325 |
| 2086 | -1410 | 338 |
| 2087 | -1446 | 351 |
| 2088 | -1483 | 364 |
| 2089 | -1520 | 376 |
| 2090 | -1557 | 388 |
| 2091 | -1595 | 401 |
| 2092 | -1633 | 413 |
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