Proposed Provision: Raise payroll tax rates (for employees and employers combined) by 1.6 percentage points in 2021 (to 14.0% combined) and by an additional 1.6 percentage points in 2051 (to 15.6% combined)

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2008359359
2009369369
2010378378
2011386386
2012392392
2013394394
2014395395
2015393393
2016390390
2017385385
2018378378
2019371371
2020361362
2021351352
2022341351
2023329350
2024316347
2025302343
2026287339
2027272333
2028256327
2029239320
2030221313
2031203305
2032185296
2033166288
2034147279
2035127271
2036108262
203788253
203867245
203947236
204026228
20416219
2042-15211
2043-36203
2044-57195
2045-78187
2046-100179
2047-121171
2048-143163
2049-165155
2050-187147
2051-209139
2052-232140
2053-254141
2054-277142
2055-300143
2056-324144
2057-347145
2058-372146
2059-396146
2060-421146
2061-447147
2062-472147
2063-498147
2064-525147
2065-552146
2066-579146
2067-607145
2068-635144
2069-664143
2070-693142
2071-722141
2072-752139
2073-782137
2074-813135
2075-845132
2076-876130
2077-909127
2078-942124
2079-975121
2080-1009117
2081-1044113
2082-1079109
2083-1114104
2084-1151100
2085-118895
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