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
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231232
2021218220
2022204207
2023189195
2024173183
2025158170
2026142158
2027125146
2028108134
202990122
203071110
20315297
20323185
20331172
2034-1160
2035-3247
2036-5535
2037-7823
2038-10112
2039-1241
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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