Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2016-2021, until the rate reaches 13.0 percent for 2021 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 | 272 |
| 2018 | 257 | 259 |
| 2019 | 244 | 248 |
| 2020 | 231 | 237 |
| 2021 | 218 | 227 |
| 2022 | 204 | 216 |
| 2023 | 189 | 205 |
| 2024 | 173 | 193 |
| 2025 | 158 | 181 |
| 2026 | 142 | 168 |
| 2027 | 125 | 155 |
| 2028 | 108 | 142 |
| 2029 | 90 | 127 |
| 2030 | 71 | 112 |
| 2031 | 52 | 96 |
| 2032 | 31 | 80 |
| 2033 | 11 | 63 |
| 2034 | -11 | 45 |
| 2035 | -32 | 27 |
| 2036 | -55 | 9 |
| 2037 | -78 | -10 |
| 2038 | -101 | -29 |
| 2039 | -124 | -48 |
| 2040 | -148 | -67 |
| 2041 | -172 | -87 |
| 2042 | -196 | -106 |
| 2043 | -220 | -126 |
| 2044 | -245 | -146 |
| 2045 | -269 | -166 |
| 2046 | -294 | -186 |
| 2047 | -319 | -206 |
| 2048 | -345 | -227 |
| 2049 | -371 | -248 |
| 2050 | -397 | -269 |
| 2051 | -423 | -290 |
| 2052 | -449 | -311 |
| 2053 | -476 | -332 |
| 2054 | -502 | -354 |
| 2055 | -530 | -376 |
| 2056 | -557 | -398 |
| 2057 | -585 | -421 |
| 2058 | -613 | -444 |
| 2059 | -642 | -468 |
| 2060 | -671 | -492 |
| 2061 | -701 | -517 |
| 2062 | -732 | -542 |
| 2063 | -763 | -567 |
| 2064 | -794 | -593 |
| 2065 | -826 | -620 |
| 2066 | -859 | -646 |
| 2067 | -892 | -674 |
| 2068 | -925 | -701 |
| 2069 | -959 | -729 |
| 2070 | -993 | -758 |
| 2071 | -1028 | -787 |
| 2072 | -1064 | -817 |
| 2073 | -1101 | -848 |
| 2074 | -1139 | -879 |
| 2075 | -1178 | -912 |
| 2076 | -1217 | -945 |
| 2077 | -1258 | -978 |
| 2078 | -1299 | -1013 |
| 2079 | -1340 | -1047 |
| 2080 | -1382 | -1082 |
| 2081 | -1424 | -1117 |
| 2082 | -1466 | -1152 |
| 2083 | -1508 | -1187 |
| 2084 | -1550 | -1222 |
| 2085 | -1592 | -1257 |
| 2086 | -1635 | -1293 |
| 2087 | -1678 | -1329 |
| 2088 | -1722 | -1366 |
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