Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage points each year from 2032-2051, until the rate reaches 14.4 percent in 2051 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 111 |
| 2029 | 92 | 92 |
| 2030 | 74 | 74 |
| 2031 | 57 | 57 |
| 2032 | 40 | 40 |
| 2033 | 23 | 24 |
| 2034 | 7 | 9 |
| 2035 | -9 | -5 |
| 2036 | -25 | -19 |
| 2037 | -41 | -32 |
| 2038 | -58 | -46 |
| 2039 | -76 | -59 |
| 2040 | -94 | -73 |
| 2041 | -112 | -86 |
| 2042 | -132 | -99 |
| 2043 | -151 | -112 |
| 2044 | -171 | -125 |
| 2045 | -192 | -138 |
| 2046 | -213 | -151 |
| 2047 | -234 | -164 |
| 2048 | -256 | -176 |
| 2049 | -279 | -188 |
| 2050 | -301 | -200 |
| 2051 | -324 | -212 |
| 2052 | -347 | -224 |
| 2053 | -371 | -236 |
| 2054 | -395 | -248 |
| 2055 | -420 | -261 |
| 2056 | -445 | -275 |
| 2057 | -470 | -289 |
| 2058 | -496 | -304 |
| 2059 | -522 | -319 |
| 2060 | -550 | -335 |
| 2061 | -578 | -352 |
| 2062 | -607 | -369 |
| 2063 | -636 | -387 |
| 2064 | -666 | -406 |
| 2065 | -697 | -425 |
| 2066 | -729 | -445 |
| 2067 | -761 | -465 |
| 2068 | -794 | -486 |
| 2069 | -827 | -508 |
| 2070 | -861 | -530 |
| 2071 | -896 | -553 |
| 2072 | -931 | -577 |
| 2073 | -967 | -601 |
| 2074 | -1004 | -625 |
| 2075 | -1042 | -651 |
| 2076 | -1081 | -678 |
| 2077 | -1121 | -705 |
| 2078 | -1162 | -733 |
| 2079 | -1204 | -762 |
| 2080 | -1248 | -792 |
| 2081 | -1292 | -822 |
| 2082 | -1337 | -854 |
| 2083 | -1384 | -885 |
| 2084 | -1431 | -918 |
| 2085 | -1480 | -952 |
| 2086 | -1530 | -986 |
| 2087 | -1581 | -1021 |
| 2088 | -1633 | -1057 |
| 2089 | -1686 | -1094 |
| 2090 | -1740 | -1131 |
| 2091 | -1795 | -1169 |
| 2092 | -1850 | -1206 |
| 2093 | -1906 | -1244 |
| 2094 | -1962 | -1283 |
| 2095 | -2019 | -1321 |
| 2096 | -2075 | -1360 |
| 2097 | -2132 | -1398 |
| 2098 | -2189 | -1437 |
| 2099 | -2246 | -1476 |
| 2100 | -2303 | -1514 |
| 2101 | -2359 | -1553 |
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