Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 14.6 percent in 2024-2053, and to 16.8 percent in years 2054 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 341 |
| 2014 | 334 | 334 |
| 2015 | 328 | 328 |
| 2016 | 321 | 321 |
| 2017 | 314 | 314 |
| 2018 | 306 | 306 |
| 2019 | 296 | 296 |
| 2020 | 284 | 284 |
| 2021 | 272 | 272 |
| 2022 | 259 | 259 |
| 2023 | 245 | 245 |
| 2024 | 230 | 230 |
| 2025 | 214 | 227 |
| 2026 | 198 | 224 |
| 2027 | 181 | 219 |
| 2028 | 164 | 214 |
| 2029 | 145 | 209 |
| 2030 | 127 | 202 |
| 2031 | 107 | 196 |
| 2032 | 87 | 188 |
| 2033 | 67 | 181 |
| 2034 | 46 | 173 |
| 2035 | 25 | 166 |
| 2036 | 4 | 158 |
| 2037 | -18 | 150 |
| 2038 | -40 | 142 |
| 2039 | -62 | 134 |
| 2040 | -85 | 127 |
| 2041 | -108 | 119 |
| 2042 | -130 | 112 |
| 2043 | -153 | 105 |
| 2044 | -176 | 98 |
| 2045 | -200 | 90 |
| 2046 | -223 | 83 |
| 2047 | -247 | 76 |
| 2048 | -271 | 69 |
| 2049 | -295 | 63 |
| 2050 | -319 | 56 |
| 2051 | -343 | 49 |
| 2052 | -368 | 42 |
| 2053 | -393 | 34 |
| 2054 | -418 | 27 |
| 2055 | -443 | 31 |
| 2056 | -468 | 36 |
| 2057 | -494 | 41 |
| 2058 | -521 | 46 |
| 2059 | -548 | 50 |
| 2060 | -575 | 55 |
| 2061 | -602 | 60 |
| 2062 | -630 | 65 |
| 2063 | -659 | 69 |
| 2064 | -687 | 74 |
| 2065 | -716 | 79 |
| 2066 | -746 | 84 |
| 2067 | -775 | 88 |
| 2068 | -805 | 93 |
| 2069 | -835 | 97 |
| 2070 | -866 | 102 |
| 2071 | -897 | 106 |
| 2072 | -928 | 110 |
| 2073 | -960 | 114 |
| 2074 | -992 | 118 |
| 2075 | -1025 | 122 |
| 2076 | -1058 | 126 |
| 2077 | -1092 | 129 |
| 2078 | -1126 | 133 |
| 2079 | -1161 | 136 |
| 2080 | -1196 | 139 |
| 2081 | -1232 | 142 |
| 2082 | -1268 | 144 |
| 2083 | -1305 | 147 |
| 2084 | -1342 | 149 |
| 2085 | -1380 | 152 |
| 2086 | -1419 | 154 |
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