Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2019, 13.0 percent in 2032, 13.3 in percent in 2047, 14.0 percent in 2067, 14.5 percent in 2077, and 14.7 percent in 2087 and later.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246248
2021231235
2022216221
2023200207
2024183192
2025165176
2026149161
2027132146
2028115130
202998115
203081100
20316484
20324668
20332753
2034838
2035-1123
2036-307
2037-50-9
2038-71-26
2039-91-43
2040-112-60
2041-133-77
2042-154-94
2043-176-111
2044-197-128
2045-218-145
2046-240-163
2047-262-180
2048-283-196
2049-305-212
2050-327-227
2051-349-243
2052-371-259
2053-393-274
2054-415-290
2055-437-306
2056-460-323
2057-482-339
2058-506-356
2059-529-374
2060-553-391
2061-578-409
2062-603-428
2063-628-447
2064-654-466
2065-680-485
2066-706-505
2067-733-526
2068-760-543
2069-788-560
2070-816-577
2071-845-595
2072-874-614
2073-905-633
2074-935-653
2075-967-673
2076-1000-694
2077-1033-715
2078-1068-735
2079-1102-755
2080-1138-774
2081-1173-794
2082-1208-814
2083-1243-834
2084-1279-854
2085-1314-873
2086-1349-893
2087-1384-913
2088-1419-932
2089-1455-951
2090-1491-970
2091-1528-990
back