Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2028-2033, until the rate reaches 13.0 percent for 2033 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 | 96 |
| 2030 | 78 | 80 |
| 2031 | 60 | 64 |
| 2032 | 43 | 49 |
| 2033 | 26 | 34 |
| 2034 | 9 | 20 |
| 2035 | -9 | 6 |
| 2036 | -27 | -8 |
| 2037 | -45 | -23 |
| 2038 | -63 | -38 |
| 2039 | -83 | -53 |
| 2040 | -102 | -69 |
| 2041 | -122 | -86 |
| 2042 | -143 | -103 |
| 2043 | -164 | -120 |
| 2044 | -185 | -137 |
| 2045 | -206 | -155 |
| 2046 | -228 | -173 |
| 2047 | -250 | -191 |
| 2048 | -272 | -209 |
| 2049 | -295 | -228 |
| 2050 | -317 | -247 |
| 2051 | -340 | -266 |
| 2052 | -363 | -285 |
| 2053 | -386 | -304 |
| 2054 | -409 | -324 |
| 2055 | -433 | -343 |
| 2056 | -457 | -364 |
| 2057 | -481 | -384 |
| 2058 | -505 | -405 |
| 2059 | -530 | -426 |
| 2060 | -556 | -448 |
| 2061 | -582 | -470 |
| 2062 | -609 | -493 |
| 2063 | -636 | -517 |
| 2064 | -664 | -541 |
| 2065 | -692 | -565 |
| 2066 | -721 | -590 |
| 2067 | -750 | -615 |
| 2068 | -780 | -641 |
| 2069 | -810 | -667 |
| 2070 | -840 | -693 |
| 2071 | -871 | -720 |
| 2072 | -903 | -748 |
| 2073 | -935 | -776 |
| 2074 | -967 | -804 |
| 2075 | -1000 | -833 |
| 2076 | -1035 | -863 |
| 2077 | -1070 | -894 |
| 2078 | -1106 | -925 |
| 2079 | -1142 | -958 |
| 2080 | -1180 | -991 |
| 2081 | -1219 | -1024 |
| 2082 | -1258 | -1059 |
| 2083 | -1298 | -1094 |
| 2084 | -1338 | -1129 |
| 2085 | -1380 | -1166 |
| 2086 | -1423 | -1203 |
| 2087 | -1466 | -1241 |
| 2088 | -1510 | -1279 |
| 2089 | -1554 | -1317 |
| 2090 | -1599 | -1356 |
| 2091 | -1643 | -1395 |
| 2092 | -1687 | -1433 |
| 2093 | -1731 | -1470 |
| 2094 | -1774 | -1508 |
| 2095 | -1816 | -1544 |
| 2096 | -1858 | -1581 |
| 2097 | -1900 | -1617 |
| 2098 | -1941 | -1653 |
| 2099 | -1982 | -1688 |
| 2100 | -2022 | -1723 |
back