Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 16.0 percent in 2025 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 | 173 |
| 2027 | 134 | 176 |
| 2028 | 117 | 180 |
| 2029 | 101 | 183 |
| 2030 | 84 | 187 |
| 2031 | 68 | 190 |
| 2032 | 53 | 194 |
| 2033 | 37 | 199 |
| 2034 | 22 | 203 |
| 2035 | 7 | 209 |
| 2036 | -9 | 214 |
| 2037 | -26 | 219 |
| 2038 | -43 | 223 |
| 2039 | -60 | 228 |
| 2040 | -78 | 232 |
| 2041 | -96 | 236 |
| 2042 | -115 | 240 |
| 2043 | -135 | 245 |
| 2044 | -154 | 249 |
| 2045 | -174 | 252 |
| 2046 | -194 | 256 |
| 2047 | -215 | 260 |
| 2048 | -235 | 263 |
| 2049 | -256 | 267 |
| 2050 | -277 | 269 |
| 2051 | -299 | 272 |
| 2052 | -320 | 274 |
| 2053 | -342 | 276 |
| 2054 | -364 | 278 |
| 2055 | -386 | 279 |
| 2056 | -409 | 280 |
| 2057 | -431 | 280 |
| 2058 | -455 | 279 |
| 2059 | -478 | 279 |
| 2060 | -502 | 278 |
| 2061 | -527 | 276 |
| 2062 | -553 | 274 |
| 2063 | -579 | 273 |
| 2064 | -605 | 270 |
| 2065 | -632 | 268 |
| 2066 | -660 | 265 |
| 2067 | -688 | 262 |
| 2068 | -716 | 258 |
| 2069 | -745 | 254 |
| 2070 | -774 | 250 |
| 2071 | -803 | 246 |
| 2072 | -834 | 241 |
| 2073 | -864 | 236 |
| 2074 | -895 | 231 |
| 2075 | -927 | 225 |
| 2076 | -960 | 220 |
| 2077 | -993 | 214 |
| 2078 | -1027 | 208 |
| 2079 | -1062 | 202 |
| 2080 | -1098 | 196 |
| 2081 | -1134 | 190 |
| 2082 | -1172 | 184 |
| 2083 | -1209 | 178 |
| 2084 | -1248 | 172 |
| 2085 | -1287 | 167 |
| 2086 | -1327 | 161 |
| 2087 | -1368 | 156 |
| 2088 | -1409 | 151 |
| 2089 | -1450 | 147 |
| 2090 | -1491 | 142 |
| 2091 | -1532 | 138 |
| 2092 | -1573 | 133 |
| 2093 | -1612 | 129 |
| 2094 | -1651 | 125 |
| 2095 | -1689 | 121 |
| 2096 | -1727 | 117 |
| 2097 | -1764 | 112 |
| 2098 | -1801 | 108 |
| 2099 | -1838 | 103 |
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