Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2017-2022, until the rate reaches 13.0 percent for 2022 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 277 |
| 2018 | 262 | 263 |
| 2019 | 248 | 250 |
| 2020 | 233 | 237 |
| 2021 | 219 | 225 |
| 2022 | 203 | 213 |
| 2023 | 187 | 200 |
| 2024 | 171 | 187 |
| 2025 | 154 | 174 |
| 2026 | 137 | 160 |
| 2027 | 119 | 146 |
| 2028 | 101 | 131 |
| 2029 | 83 | 116 |
| 2030 | 64 | 100 |
| 2031 | 44 | 84 |
| 2032 | 23 | 67 |
| 2033 | 2 | 49 |
| 2034 | -20 | 31 |
| 2035 | -42 | 13 |
| 2036 | -65 | -6 |
| 2037 | -88 | -25 |
| 2038 | -112 | -45 |
| 2039 | -136 | -65 |
| 2040 | -160 | -85 |
| 2041 | -185 | -105 |
| 2042 | -210 | -125 |
| 2043 | -235 | -146 |
| 2044 | -260 | -166 |
| 2045 | -285 | -187 |
| 2046 | -310 | -207 |
| 2047 | -336 | -228 |
| 2048 | -362 | -250 |
| 2049 | -388 | -271 |
| 2050 | -415 | -293 |
| 2051 | -442 | -314 |
| 2052 | -468 | -336 |
| 2053 | -495 | -358 |
| 2054 | -523 | -381 |
| 2055 | -550 | -403 |
| 2056 | -578 | -426 |
| 2057 | -606 | -449 |
| 2058 | -635 | -473 |
| 2059 | -664 | -497 |
| 2060 | -694 | -522 |
| 2061 | -725 | -547 |
| 2062 | -756 | -573 |
| 2063 | -787 | -599 |
| 2064 | -819 | -626 |
| 2065 | -852 | -653 |
| 2066 | -885 | -680 |
| 2067 | -918 | -708 |
| 2068 | -952 | -737 |
| 2069 | -987 | -765 |
| 2070 | -1022 | -795 |
| 2071 | -1057 | -825 |
| 2072 | -1094 | -856 |
| 2073 | -1132 | -888 |
| 2074 | -1171 | -920 |
| 2075 | -1210 | -953 |
| 2076 | -1251 | -987 |
| 2077 | -1293 | -1022 |
| 2078 | -1335 | -1058 |
| 2079 | -1378 | -1094 |
| 2080 | -1421 | -1130 |
| 2081 | -1464 | -1166 |
| 2082 | -1507 | -1202 |
| 2083 | -1550 | -1238 |
| 2084 | -1593 | -1275 |
| 2085 | -1636 | -1311 |
| 2086 | -1680 | -1348 |
| 2087 | -1724 | -1385 |
| 2088 | -1769 | -1423 |
| 2089 | -1814 | -1461 |
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