Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2031-2050, until the rate reaches 14.4 percent in 2050 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 113 | 113 |
| 2029 | 95 | 95 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 44 |
| 2033 | 26 | 27 |
| 2034 | 9 | 12 |
| 2035 | -9 | -3 |
| 2036 | -27 | -18 |
| 2037 | -45 | -33 |
| 2038 | -63 | -47 |
| 2039 | -83 | -62 |
| 2040 | -102 | -76 |
| 2041 | -122 | -91 |
| 2042 | -143 | -105 |
| 2043 | -164 | -119 |
| 2044 | -185 | -132 |
| 2045 | -206 | -145 |
| 2046 | -228 | -158 |
| 2047 | -250 | -171 |
| 2048 | -272 | -183 |
| 2049 | -295 | -194 |
| 2050 | -317 | -206 |
| 2051 | -340 | -217 |
| 2052 | -363 | -228 |
| 2053 | -386 | -239 |
| 2054 | -409 | -251 |
| 2055 | -433 | -263 |
| 2056 | -457 | -275 |
| 2057 | -481 | -287 |
| 2058 | -505 | -300 |
| 2059 | -530 | -314 |
| 2060 | -556 | -327 |
| 2061 | -582 | -342 |
| 2062 | -609 | -357 |
| 2063 | -636 | -372 |
| 2064 | -664 | -388 |
| 2065 | -692 | -404 |
| 2066 | -721 | -421 |
| 2067 | -750 | -438 |
| 2068 | -780 | -455 |
| 2069 | -810 | -472 |
| 2070 | -840 | -490 |
| 2071 | -871 | -509 |
| 2072 | -903 | -528 |
| 2073 | -935 | -547 |
| 2074 | -967 | -567 |
| 2075 | -1000 | -588 |
| 2076 | -1035 | -609 |
| 2077 | -1070 | -630 |
| 2078 | -1106 | -652 |
| 2079 | -1142 | -675 |
| 2080 | -1180 | -699 |
| 2081 | -1219 | -723 |
| 2082 | -1258 | -747 |
| 2083 | -1298 | -772 |
| 2084 | -1338 | -797 |
| 2085 | -1380 | -822 |
| 2086 | -1423 | -849 |
| 2087 | -1466 | -875 |
| 2088 | -1510 | -902 |
| 2089 | -1554 | -929 |
| 2090 | -1599 | -956 |
| 2091 | -1643 | -982 |
| 2092 | -1687 | -1009 |
| 2093 | -1731 | -1035 |
| 2094 | -1774 | -1060 |
| 2095 | -1816 | -1085 |
| 2096 | -1858 | -1110 |
| 2097 | -1900 | -1135 |
| 2098 | -1941 | -1159 |
| 2099 | -1982 | -1183 |
| 2100 | -2022 | -1207 |
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