Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 15.4 percent in 2020 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 264 |
| 2022 | 229 | 267 |
| 2023 | 213 | 269 |
| 2024 | 197 | 269 |
| 2025 | 180 | 269 |
| 2026 | 163 | 268 |
| 2027 | 147 | 267 |
| 2028 | 130 | 265 |
| 2029 | 114 | 264 |
| 2030 | 97 | 263 |
| 2031 | 80 | 262 |
| 2032 | 63 | 261 |
| 2033 | 46 | 261 |
| 2034 | 28 | 261 |
| 2035 | 10 | 261 |
| 2036 | -9 | 261 |
| 2037 | -28 | 261 |
| 2038 | -47 | 260 |
| 2039 | -67 | 260 |
| 2040 | -87 | 260 |
| 2041 | -108 | 259 |
| 2042 | -129 | 259 |
| 2043 | -150 | 259 |
| 2044 | -171 | 260 |
| 2045 | -192 | 260 |
| 2046 | -213 | 261 |
| 2047 | -234 | 262 |
| 2048 | -255 | 263 |
| 2049 | -276 | 264 |
| 2050 | -297 | 265 |
| 2051 | -318 | 266 |
| 2052 | -338 | 267 |
| 2053 | -359 | 268 |
| 2054 | -380 | 268 |
| 2055 | -401 | 269 |
| 2056 | -422 | 270 |
| 2057 | -444 | 270 |
| 2058 | -465 | 270 |
| 2059 | -487 | 269 |
| 2060 | -509 | 269 |
| 2061 | -531 | 268 |
| 2062 | -554 | 267 |
| 2063 | -577 | 266 |
| 2064 | -601 | 264 |
| 2065 | -625 | 263 |
| 2066 | -649 | 260 |
| 2067 | -674 | 258 |
| 2068 | -699 | 255 |
| 2069 | -724 | 252 |
| 2070 | -749 | 249 |
| 2071 | -776 | 245 |
| 2072 | -802 | 241 |
| 2073 | -830 | 237 |
| 2074 | -857 | 233 |
| 2075 | -885 | 228 |
| 2076 | -914 | 223 |
| 2077 | -944 | 219 |
| 2078 | -975 | 214 |
| 2079 | -1007 | 209 |
| 2080 | -1039 | 205 |
| 2081 | -1072 | 201 |
| 2082 | -1106 | 196 |
| 2083 | -1139 | 192 |
| 2084 | -1173 | 188 |
| 2085 | -1207 | 184 |
| 2086 | -1242 | 180 |
| 2087 | -1275 | 176 |
| 2088 | -1309 | 171 |
| 2089 | -1342 | 167 |
| 2090 | -1375 | 163 |
| 2091 | -1407 | 158 |
| 2092 | -1439 | 153 |
| 2093 | -1471 | 148 |
| 2094 | -1503 | 143 |
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