Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2029-2058, and to 18.0 percent in years 2059 and later.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165165
2026149149
2027132132
2028115115
20299898
20308196
20316495
20324693
20332791
2034888
2035-1186
2036-3083
2037-5079
2038-7176
2039-9173
2040-11269
2041-13366
2042-15463
2043-17660
2044-19757
2045-21854
2046-24052
2047-26249
2048-28347
2049-30544
2050-32742
2051-34940
2052-37138
2053-39336
2054-41533
2055-43731
2056-46028
2057-48225
2058-50621
2059-52918
2060-55329
2061-57840
2062-60351
2063-62862
2064-65472
2065-68083
2066-70693
2067-733103
2068-760113
2069-788123
2070-816133
2071-845142
2072-874151
2073-905160
2074-935169
2075-967178
2076-1000188
2077-1033197
2078-1068207
2079-1102216
2080-1138226
2081-1173236
2082-1208246
2083-1243256
2084-1279266
2085-1314276
2086-1349286
2087-1384295
2088-1419305
2089-1455314
2090-1491323
2091-1528332
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