Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.3 percent in 2025-2054, and to 18.2 percent in years 2055 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 315 |
| 2015 | 302 | 302 |
| 2016 | 290 | 290 |
| 2017 | 277 | 277 |
| 2018 | 265 | 265 |
| 2019 | 253 | 253 |
| 2020 | 240 | 240 |
| 2021 | 227 | 227 |
| 2022 | 212 | 212 |
| 2023 | 197 | 197 |
| 2024 | 181 | 181 |
| 2025 | 164 | 164 |
| 2026 | 147 | 163 |
| 2027 | 129 | 161 |
| 2028 | 110 | 159 |
| 2029 | 90 | 155 |
| 2030 | 70 | 151 |
| 2031 | 49 | 146 |
| 2032 | 27 | 140 |
| 2033 | 5 | 135 |
| 2034 | -18 | 128 |
| 2035 | -41 | 122 |
| 2036 | -65 | 116 |
| 2037 | -89 | 110 |
| 2038 | -114 | 103 |
| 2039 | -138 | 97 |
| 2040 | -163 | 91 |
| 2041 | -189 | 85 |
| 2042 | -215 | 79 |
| 2043 | -240 | 73 |
| 2044 | -266 | 67 |
| 2045 | -292 | 61 |
| 2046 | -319 | 56 |
| 2047 | -346 | 50 |
| 2048 | -373 | 45 |
| 2049 | -400 | 40 |
| 2050 | -428 | 34 |
| 2051 | -456 | 29 |
| 2052 | -484 | 24 |
| 2053 | -512 | 18 |
| 2054 | -540 | 13 |
| 2055 | -569 | 7 |
| 2056 | -598 | 16 |
| 2057 | -628 | 26 |
| 2058 | -657 | 36 |
| 2059 | -688 | 46 |
| 2060 | -719 | 56 |
| 2061 | -750 | 66 |
| 2062 | -782 | 77 |
| 2063 | -814 | 87 |
| 2064 | -847 | 98 |
| 2065 | -880 | 108 |
| 2066 | -913 | 119 |
| 2067 | -946 | 130 |
| 2068 | -980 | 141 |
| 2069 | -1014 | 151 |
| 2070 | -1049 | 162 |
| 2071 | -1084 | 173 |
| 2072 | -1120 | 183 |
| 2073 | -1156 | 194 |
| 2074 | -1193 | 205 |
| 2075 | -1230 | 216 |
| 2076 | -1268 | 226 |
| 2077 | -1307 | 237 |
| 2078 | -1346 | 248 |
| 2079 | -1385 | 259 |
| 2080 | -1425 | 269 |
| 2081 | -1465 | 280 |
| 2082 | -1505 | 290 |
| 2083 | -1547 | 301 |
| 2084 | -1588 | 311 |
| 2085 | -1631 | 321 |
| 2086 | -1673 | 332 |
| 2087 | -1717 | 342 |
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