Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 15.9 percent in 2035-2064, and to 19.4 percent in years 2065 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 | 68 |
| 2032 | 53 | 53 |
| 2033 | 37 | 37 |
| 2034 | 22 | 22 |
| 2035 | 7 | 7 |
| 2036 | -9 | 11 |
| 2037 | -26 | 14 |
| 2038 | -43 | 18 |
| 2039 | -60 | 21 |
| 2040 | -78 | 23 |
| 2041 | -96 | 25 |
| 2042 | -115 | 27 |
| 2043 | -135 | 29 |
| 2044 | -154 | 30 |
| 2045 | -174 | 31 |
| 2046 | -194 | 33 |
| 2047 | -215 | 34 |
| 2048 | -235 | 35 |
| 2049 | -256 | 35 |
| 2050 | -277 | 36 |
| 2051 | -299 | 36 |
| 2052 | -320 | 37 |
| 2053 | -342 | 36 |
| 2054 | -364 | 36 |
| 2055 | -386 | 35 |
| 2056 | -409 | 34 |
| 2057 | -431 | 32 |
| 2058 | -455 | 30 |
| 2059 | -478 | 28 |
| 2060 | -502 | 25 |
| 2061 | -527 | 22 |
| 2062 | -553 | 19 |
| 2063 | -579 | 15 |
| 2064 | -605 | 10 |
| 2065 | -632 | 6 |
| 2066 | -660 | 19 |
| 2067 | -688 | 31 |
| 2068 | -716 | 44 |
| 2069 | -745 | 57 |
| 2070 | -774 | 69 |
| 2071 | -803 | 81 |
| 2072 | -834 | 92 |
| 2073 | -864 | 104 |
| 2074 | -895 | 115 |
| 2075 | -927 | 126 |
| 2076 | -960 | 137 |
| 2077 | -993 | 148 |
| 2078 | -1027 | 159 |
| 2079 | -1062 | 170 |
| 2080 | -1098 | 181 |
| 2081 | -1134 | 192 |
| 2082 | -1172 | 204 |
| 2083 | -1209 | 216 |
| 2084 | -1248 | 228 |
| 2085 | -1287 | 241 |
| 2086 | -1327 | 254 |
| 2087 | -1368 | 268 |
| 2088 | -1409 | 283 |
| 2089 | -1450 | 298 |
| 2090 | -1491 | 313 |
| 2091 | -1532 | 329 |
| 2092 | -1573 | 345 |
| 2093 | -1612 | 361 |
| 2094 | -1651 | 377 |
| 2095 | -1689 | 394 |
| 2096 | -1727 | 410 |
| 2097 | -1764 | 426 |
| 2098 | -1801 | 442 |
| 2099 | -1838 | 458 |
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