Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2019-2038, until the rate reaches 14.4 percent in 2038 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 286 |
| 2017 | 271 | 271 |
| 2018 | 257 | 257 |
| 2019 | 244 | 244 |
| 2020 | 231 | 232 |
| 2021 | 218 | 220 |
| 2022 | 204 | 207 |
| 2023 | 189 | 195 |
| 2024 | 173 | 183 |
| 2025 | 158 | 170 |
| 2026 | 142 | 158 |
| 2027 | 125 | 146 |
| 2028 | 108 | 134 |
| 2029 | 90 | 122 |
| 2030 | 71 | 110 |
| 2031 | 52 | 97 |
| 2032 | 31 | 85 |
| 2033 | 11 | 72 |
| 2034 | -11 | 60 |
| 2035 | -32 | 47 |
| 2036 | -55 | 35 |
| 2037 | -78 | 23 |
| 2038 | -101 | 12 |
| 2039 | -124 | 1 |
| 2040 | -148 | -10 |
| 2041 | -172 | -21 |
| 2042 | -196 | -32 |
| 2043 | -220 | -43 |
| 2044 | -245 | -54 |
| 2045 | -269 | -65 |
| 2046 | -294 | -76 |
| 2047 | -319 | -87 |
| 2048 | -345 | -98 |
| 2049 | -371 | -109 |
| 2050 | -397 | -120 |
| 2051 | -423 | -132 |
| 2052 | -449 | -143 |
| 2053 | -476 | -155 |
| 2054 | -502 | -167 |
| 2055 | -530 | -179 |
| 2056 | -557 | -191 |
| 2057 | -585 | -204 |
| 2058 | -613 | -217 |
| 2059 | -642 | -230 |
| 2060 | -671 | -244 |
| 2061 | -701 | -258 |
| 2062 | -732 | -272 |
| 2063 | -763 | -287 |
| 2064 | -794 | -302 |
| 2065 | -826 | -318 |
| 2066 | -859 | -334 |
| 2067 | -892 | -350 |
| 2068 | -925 | -366 |
| 2069 | -959 | -383 |
| 2070 | -993 | -401 |
| 2071 | -1028 | -418 |
| 2072 | -1064 | -437 |
| 2073 | -1101 | -455 |
| 2074 | -1139 | -475 |
| 2075 | -1178 | -494 |
| 2076 | -1217 | -514 |
| 2077 | -1258 | -535 |
| 2078 | -1299 | -556 |
| 2079 | -1340 | -577 |
| 2080 | -1382 | -598 |
| 2081 | -1424 | -620 |
| 2082 | -1466 | -641 |
| 2083 | -1508 | -663 |
| 2084 | -1550 | -684 |
| 2085 | -1592 | -706 |
| 2086 | -1635 | -729 |
| 2087 | -1678 | -751 |
| 2088 | -1722 | -774 |
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