Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 17.0 percent in 2027 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 | 137 |
| 2029 | 92 | 144 |
| 2030 | 74 | 152 |
| 2031 | 57 | 160 |
| 2032 | 40 | 169 |
| 2033 | 23 | 177 |
| 2034 | 7 | 188 |
| 2035 | -9 | 199 |
| 2036 | -25 | 210 |
| 2037 | -41 | 220 |
| 2038 | -58 | 231 |
| 2039 | -76 | 241 |
| 2040 | -94 | 251 |
| 2041 | -112 | 261 |
| 2042 | -132 | 270 |
| 2043 | -151 | 280 |
| 2044 | -171 | 289 |
| 2045 | -192 | 298 |
| 2046 | -213 | 307 |
| 2047 | -234 | 316 |
| 2048 | -256 | 324 |
| 2049 | -279 | 332 |
| 2050 | -301 | 340 |
| 2051 | -324 | 347 |
| 2052 | -347 | 353 |
| 2053 | -371 | 359 |
| 2054 | -395 | 364 |
| 2055 | -420 | 368 |
| 2056 | -445 | 372 |
| 2057 | -470 | 375 |
| 2058 | -496 | 377 |
| 2059 | -522 | 379 |
| 2060 | -550 | 380 |
| 2061 | -578 | 380 |
| 2062 | -607 | 380 |
| 2063 | -636 | 379 |
| 2064 | -666 | 378 |
| 2065 | -697 | 376 |
| 2066 | -729 | 374 |
| 2067 | -761 | 372 |
| 2068 | -794 | 369 |
| 2069 | -827 | 365 |
| 2070 | -861 | 361 |
| 2071 | -896 | 356 |
| 2072 | -931 | 351 |
| 2073 | -967 | 345 |
| 2074 | -1004 | 339 |
| 2075 | -1042 | 333 |
| 2076 | -1081 | 326 |
| 2077 | -1121 | 319 |
| 2078 | -1162 | 312 |
| 2079 | -1204 | 304 |
| 2080 | -1248 | 296 |
| 2081 | -1292 | 288 |
| 2082 | -1337 | 280 |
| 2083 | -1384 | 272 |
| 2084 | -1431 | 263 |
| 2085 | -1480 | 255 |
| 2086 | -1530 | 246 |
| 2087 | -1581 | 238 |
| 2088 | -1633 | 229 |
| 2089 | -1686 | 221 |
| 2090 | -1740 | 212 |
| 2091 | -1795 | 204 |
| 2092 | -1850 | 196 |
| 2093 | -1906 | 188 |
| 2094 | -1962 | 179 |
| 2095 | -2019 | 171 |
| 2096 | -2075 | 163 |
| 2097 | -2132 | 155 |
| 2098 | -2189 | 147 |
| 2099 | -2246 | 139 |
| 2100 | -2303 | 131 |
| 2101 | -2359 | 123 |
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