Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2022-2045, until the rate reaches 14.8 percent in 2045. Then increase the payroll tax rate an additional 0.1 percentage point in each year from 2084-2088, until the rate reaches 15.3 percent for 2088 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 | 190 |
| 2025 | 171 | 175 |
| 2026 | 154 | 160 |
| 2027 | 137 | 146 |
| 2028 | 120 | 133 |
| 2029 | 104 | 120 |
| 2030 | 86 | 107 |
| 2031 | 69 | 95 |
| 2032 | 51 | 82 |
| 2033 | 33 | 70 |
| 2034 | 14 | 59 |
| 2035 | -5 | 47 |
| 2036 | -25 | 35 |
| 2037 | -46 | 23 |
| 2038 | -67 | 12 |
| 2039 | -88 | 1 |
| 2040 | -110 | -10 |
| 2041 | -132 | -20 |
| 2042 | -154 | -30 |
| 2043 | -176 | -39 |
| 2044 | -199 | -48 |
| 2045 | -221 | -55 |
| 2046 | -244 | -63 |
| 2047 | -267 | -69 |
| 2048 | -289 | -76 |
| 2049 | -312 | -83 |
| 2050 | -335 | -90 |
| 2051 | -358 | -97 |
| 2052 | -381 | -103 |
| 2053 | -403 | -110 |
| 2054 | -426 | -117 |
| 2055 | -450 | -123 |
| 2056 | -473 | -130 |
| 2057 | -496 | -137 |
| 2058 | -520 | -145 |
| 2059 | -544 | -152 |
| 2060 | -569 | -160 |
| 2061 | -594 | -168 |
| 2062 | -619 | -177 |
| 2063 | -645 | -186 |
| 2064 | -671 | -195 |
| 2065 | -698 | -204 |
| 2066 | -725 | -214 |
| 2067 | -752 | -224 |
| 2068 | -780 | -235 |
| 2069 | -808 | -245 |
| 2070 | -837 | -256 |
| 2071 | -866 | -268 |
| 2072 | -896 | -280 |
| 2073 | -927 | -292 |
| 2074 | -958 | -305 |
| 2075 | -990 | -318 |
| 2076 | -1023 | -331 |
| 2077 | -1057 | -345 |
| 2078 | -1092 | -360 |
| 2079 | -1128 | -374 |
| 2080 | -1165 | -389 |
| 2081 | -1202 | -404 |
| 2082 | -1240 | -420 |
| 2083 | -1278 | -435 |
| 2084 | -1316 | -450 |
| 2085 | -1354 | -465 |
| 2086 | -1392 | -479 |
| 2087 | -1430 | -493 |
| 2088 | -1468 | -506 |
| 2089 | -1505 | -518 |
| 2090 | -1543 | -530 |
| 2091 | -1580 | -543 |
| 2092 | -1618 | -555 |
| 2093 | -1655 | -568 |
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