Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2019, 12.9 percent in 2027, 13.1 in percent in 2037, 13.9 percent in 2047, 13.5 percent in 2057, and 13.3 percent in 2067 and later.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246247
2021231234
2022216220
2023200204
2024183189
2025165172
2026149157
2027132141
2028115127
202998113
20308199
20316484
20324669
20332754
2034838
2035-1122
2036-306
2037-50-11
2038-71-27
2039-91-43
2040-112-60
2041-133-76
2042-154-93
2043-176-109
2044-197-126
2045-218-143
2046-240-159
2047-262-176
2048-283-188
2049-305-201
2050-327-213
2051-349-225
2052-371-237
2053-393-249
2054-415-261
2055-437-274
2056-460-286
2057-482-299
2058-506-315
2059-529-331
2060-553-347
2061-578-363
2062-603-380
2063-628-398
2064-654-415
2065-680-433
2066-706-452
2067-733-471
2068-760-491
2069-788-511
2070-816-532
2071-845-554
2072-874-576
2073-905-598
2074-935-621
2075-967-645
2076-1000-670
2077-1033-695
2078-1068-720
2079-1102-746
2080-1138-772
2081-1173-799
2082-1208-825
2083-1243-851
2084-1279-878
2085-1314-904
2086-1349-930
2087-1384-957
2088-1419-983
2089-1455-1010
2090-1491-1038
2091-1528-1066
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