Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2030-2049, until the rate reaches 14.4 percent in 2049 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 134 |
| 2028 | 117 | 117 |
| 2029 | 101 | 101 |
| 2030 | 84 | 84 |
| 2031 | 68 | 69 |
| 2032 | 53 | 54 |
| 2033 | 37 | 41 |
| 2034 | 22 | 28 |
| 2035 | 7 | 16 |
| 2036 | -9 | 3 |
| 2037 | -26 | -9 |
| 2038 | -43 | -22 |
| 2039 | -60 | -34 |
| 2040 | -78 | -46 |
| 2041 | -96 | -58 |
| 2042 | -115 | -70 |
| 2043 | -135 | -81 |
| 2044 | -154 | -92 |
| 2045 | -174 | -103 |
| 2046 | -194 | -114 |
| 2047 | -215 | -124 |
| 2048 | -235 | -134 |
| 2049 | -256 | -144 |
| 2050 | -277 | -153 |
| 2051 | -299 | -162 |
| 2052 | -320 | -172 |
| 2053 | -342 | -181 |
| 2054 | -364 | -191 |
| 2055 | -386 | -202 |
| 2056 | -409 | -212 |
| 2057 | -431 | -223 |
| 2058 | -455 | -235 |
| 2059 | -478 | -247 |
| 2060 | -502 | -259 |
| 2061 | -527 | -272 |
| 2062 | -553 | -285 |
| 2063 | -579 | -299 |
| 2064 | -605 | -313 |
| 2065 | -632 | -328 |
| 2066 | -660 | -343 |
| 2067 | -688 | -358 |
| 2068 | -716 | -374 |
| 2069 | -745 | -390 |
| 2070 | -774 | -406 |
| 2071 | -803 | -423 |
| 2072 | -834 | -440 |
| 2073 | -864 | -458 |
| 2074 | -895 | -476 |
| 2075 | -927 | -495 |
| 2076 | -960 | -514 |
| 2077 | -993 | -533 |
| 2078 | -1027 | -554 |
| 2079 | -1062 | -574 |
| 2080 | -1098 | -595 |
| 2081 | -1134 | -617 |
| 2082 | -1172 | -639 |
| 2083 | -1209 | -661 |
| 2084 | -1248 | -683 |
| 2085 | -1287 | -706 |
| 2086 | -1327 | -729 |
| 2087 | -1368 | -753 |
| 2088 | -1409 | -776 |
| 2089 | -1450 | -800 |
| 2090 | -1491 | -823 |
| 2091 | -1532 | -846 |
| 2092 | -1573 | -869 |
| 2093 | -1612 | -891 |
| 2094 | -1651 | -913 |
| 2095 | -1689 | -934 |
| 2096 | -1727 | -955 |
| 2097 | -1764 | -976 |
| 2098 | -1801 | -996 |
| 2099 | -1838 | -1017 |
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