Proposed Provision: Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2012 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 | 334 |
| 2014 | 334 | 320 |
| 2015 | 328 | 307 |
| 2016 | 321 | 294 |
| 2017 | 314 | 280 |
| 2018 | 306 | 266 |
| 2019 | 296 | 250 |
| 2020 | 284 | 233 |
| 2021 | 272 | 214 |
| 2022 | 259 | 196 |
| 2023 | 245 | 176 |
| 2024 | 230 | 156 |
| 2025 | 214 | 135 |
| 2026 | 198 | 113 |
| 2027 | 181 | 90 |
| 2028 | 164 | 66 |
| 2029 | 145 | 42 |
| 2030 | 127 | 17 |
| 2031 | 107 | -9 |
| 2032 | 87 | -35 |
| 2033 | 67 | -62 |
| 2034 | 46 | -89 |
| 2035 | 25 | -117 |
| 2036 | 4 | -146 |
| 2037 | -18 | -175 |
| 2038 | -40 | -204 |
| 2039 | -62 | -234 |
| 2040 | -85 | -265 |
| 2041 | -108 | -296 |
| 2042 | -130 | -327 |
| 2043 | -153 | -358 |
| 2044 | -176 | -389 |
| 2045 | -200 | -421 |
| 2046 | -223 | -454 |
| 2047 | -247 | -486 |
| 2048 | -271 | -519 |
| 2049 | -295 | -552 |
| 2050 | -319 | -586 |
| 2051 | -343 | -619 |
| 2052 | -368 | -653 |
| 2053 | -393 | -687 |
| 2054 | -418 | -722 |
| 2055 | -443 | -756 |
| 2056 | -468 | -791 |
| 2057 | -494 | -827 |
| 2058 | -521 | -863 |
| 2059 | -548 | -900 |
| 2060 | -575 | -937 |
| 2061 | -602 | -975 |
| 2062 | -630 | -1013 |
| 2063 | -659 | -1052 |
| 2064 | -687 | -1091 |
| 2065 | -716 | -1130 |
| 2066 | -746 | -1170 |
| 2067 | -775 | -1210 |
| 2068 | -805 | -1251 |
| 2069 | -835 | -1291 |
| 2070 | -866 | -1333 |
| 2071 | -897 | -1375 |
| 2072 | -928 | -1417 |
| 2073 | -960 | -1460 |
| 2074 | -992 | -1503 |
| 2075 | -1025 | -1547 |
| 2076 | -1058 | -1592 |
| 2077 | -1092 | -1637 |
| 2078 | -1126 | -1683 |
| 2079 | -1161 | -1729 |
| 2080 | -1196 | -1776 |
| 2081 | -1232 | -1824 |
| 2082 | -1268 | -1872 |
| 2083 | -1305 | -1921 |
| 2084 | -1342 | -1971 |
| 2085 | -1380 | -2021 |
| 2086 | -1419 | -2072 |
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