Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 15.8 percent in 2021 and later.

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

Year Current Law Provision
2020261261
2021248248
2022233254
2023217259
2024200262
2025183264
2026165264
2027148264
2028130263
2029112262
203094261
203176260
203258259
203339259
203420259
20351260
2036-19261
2037-38261
2038-59262
2039-80263
2040-101263
2041-122264
2042-144264
2043-166265
2044-188266
2045-210267
2046-232268
2047-255269
2048-277270
2049-299271
2050-322272
2051-344273
2052-367274
2053-389275
2054-412275
2055-434275
2056-457275
2057-480275
2058-504275
2059-527274
2060-551273
2061-575271
2062-599270
2063-624268
2064-650266
2065-676263
2066-702260
2067-728257
2068-755253
2069-782249
2070-809245
2071-837241
2072-866236
2073-895230
2074-925225
2075-955220
2076-986214
2077-1018208
2078-1051202
2079-1084196
2080-1119191
2081-1154185
2082-1190180
2083-1226174
2084-1263169
2085-1300164
2086-1337159
2087-1374154
2088-1411149
2089-1448144
2090-1484139
2091-1520134
2092-1554129
2093-1589124
2094-1623119
2095-1657113
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