Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2019, 12.9 percent in 2027, 13.3 in percent in 2037, 13.8 percent in 2047, 14.4 percent in 2067, and 14.5 percent in 2082 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
2038-71-26
2039-91-41
2040-112-56
2041-133-72
2042-154-87
2043-176-102
2044-197-118
2045-218-133
2046-240-149
2047-262-164
2048-283-177
2049-305-190
2050-327-202
2051-349-215
2052-371-227
2053-393-240
2054-415-253
2055-437-266
2056-460-279
2057-482-292
2058-506-306
2059-529-320
2060-553-334
2061-578-349
2062-603-364
2063-628-380
2064-654-396
2065-680-412
2066-706-429
2067-733-445
2068-760-460
2069-788-474
2070-816-489
2071-845-504
2072-874-519
2073-905-535
2074-935-552
2075-967-569
2076-1000-587
2077-1033-605
2078-1068-624
2079-1102-643
2080-1138-662
2081-1173-681
2082-1208-700
2083-1243-719
2084-1279-737
2085-1314-756
2086-1349-774
2087-1384-793
2088-1419-812
2089-1455-831
2090-1491-850
2091-1528-870
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