Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2029-2052, until the rate reaches 14.8 percent in 2052 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 | 62 |
| 2032 | 43 | 46 |
| 2033 | 26 | 31 |
| 2034 | 9 | 17 |
| 2035 | -9 | 3 |
| 2036 | -27 | -10 |
| 2037 | -45 | -24 |
| 2038 | -63 | -38 |
| 2039 | -83 | -51 |
| 2040 | -102 | -64 |
| 2041 | -122 | -77 |
| 2042 | -143 | -90 |
| 2043 | -164 | -103 |
| 2044 | -185 | -115 |
| 2045 | -206 | -127 |
| 2046 | -228 | -139 |
| 2047 | -250 | -150 |
| 2048 | -272 | -161 |
| 2049 | -295 | -171 |
| 2050 | -317 | -181 |
| 2051 | -340 | -191 |
| 2052 | -363 | -200 |
| 2053 | -386 | -209 |
| 2054 | -409 | -218 |
| 2055 | -433 | -228 |
| 2056 | -457 | -238 |
| 2057 | -481 | -248 |
| 2058 | -505 | -258 |
| 2059 | -530 | -269 |
| 2060 | -556 | -281 |
| 2061 | -582 | -293 |
| 2062 | -609 | -305 |
| 2063 | -636 | -318 |
| 2064 | -664 | -332 |
| 2065 | -692 | -345 |
| 2066 | -721 | -359 |
| 2067 | -750 | -374 |
| 2068 | -780 | -389 |
| 2069 | -810 | -404 |
| 2070 | -840 | -419 |
| 2071 | -871 | -435 |
| 2072 | -903 | -452 |
| 2073 | -935 | -469 |
| 2074 | -967 | -486 |
| 2075 | -1000 | -504 |
| 2076 | -1035 | -522 |
| 2077 | -1070 | -541 |
| 2078 | -1106 | -561 |
| 2079 | -1142 | -581 |
| 2080 | -1180 | -601 |
| 2081 | -1219 | -622 |
| 2082 | -1258 | -644 |
| 2083 | -1298 | -665 |
| 2084 | -1338 | -687 |
| 2085 | -1380 | -710 |
| 2086 | -1423 | -733 |
| 2087 | -1466 | -756 |
| 2088 | -1510 | -779 |
| 2089 | -1554 | -802 |
| 2090 | -1599 | -826 |
| 2091 | -1643 | -849 |
| 2092 | -1687 | -872 |
| 2093 | -1731 | -894 |
| 2094 | -1774 | -916 |
| 2095 | -1816 | -938 |
| 2096 | -1858 | -959 |
| 2097 | -1900 | -980 |
| 2098 | -1941 | -1001 |
| 2099 | -1982 | -1022 |
| 2100 | -2022 | -1042 |
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