Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 15.5 percent in 2031-2060, and to 18.6 percent in years 2061 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 239 |
| 2022 | 223 | 223 |
| 2023 | 206 | 206 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 154 | 154 |
| 2027 | 137 | 137 |
| 2028 | 120 | 120 |
| 2029 | 104 | 104 |
| 2030 | 86 | 86 |
| 2031 | 69 | 69 |
| 2032 | 51 | 68 |
| 2033 | 33 | 67 |
| 2034 | 14 | 66 |
| 2035 | -5 | 64 |
| 2036 | -25 | 62 |
| 2037 | -46 | 59 |
| 2038 | -67 | 56 |
| 2039 | -88 | 53 |
| 2040 | -110 | 50 |
| 2041 | -132 | 47 |
| 2042 | -154 | 45 |
| 2043 | -176 | 42 |
| 2044 | -199 | 39 |
| 2045 | -221 | 37 |
| 2046 | -244 | 35 |
| 2047 | -267 | 33 |
| 2048 | -289 | 31 |
| 2049 | -312 | 30 |
| 2050 | -335 | 28 |
| 2051 | -358 | 27 |
| 2052 | -381 | 25 |
| 2053 | -403 | 24 |
| 2054 | -426 | 22 |
| 2055 | -450 | 20 |
| 2056 | -473 | 19 |
| 2057 | -496 | 17 |
| 2058 | -520 | 15 |
| 2059 | -544 | 12 |
| 2060 | -569 | 10 |
| 2061 | -594 | 7 |
| 2062 | -619 | 19 |
| 2063 | -645 | 32 |
| 2064 | -671 | 46 |
| 2065 | -698 | 58 |
| 2066 | -725 | 71 |
| 2067 | -752 | 84 |
| 2068 | -780 | 96 |
| 2069 | -808 | 108 |
| 2070 | -837 | 120 |
| 2071 | -866 | 132 |
| 2072 | -896 | 143 |
| 2073 | -927 | 154 |
| 2074 | -958 | 166 |
| 2075 | -990 | 177 |
| 2076 | -1023 | 188 |
| 2077 | -1057 | 199 |
| 2078 | -1092 | 211 |
| 2079 | -1128 | 223 |
| 2080 | -1165 | 235 |
| 2081 | -1202 | 247 |
| 2082 | -1240 | 260 |
| 2083 | -1278 | 273 |
| 2084 | -1316 | 286 |
| 2085 | -1354 | 299 |
| 2086 | -1392 | 313 |
| 2087 | -1430 | 326 |
| 2088 | -1468 | 340 |
| 2089 | -1505 | 354 |
| 2090 | -1543 | 367 |
| 2091 | -1580 | 380 |
| 2092 | -1618 | 393 |
| 2093 | -1655 | 406 |
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