Proposed Provision: E1.3. Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2017 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 271 |
| 2019 | 262 | 249 |
| 2020 | 246 | 227 |
| 2021 | 231 | 206 |
| 2022 | 216 | 185 |
| 2023 | 200 | 163 |
| 2024 | 183 | 141 |
| 2025 | 165 | 119 |
| 2026 | 149 | 97 |
| 2027 | 132 | 75 |
| 2028 | 115 | 52 |
| 2029 | 98 | 30 |
| 2030 | 81 | 7 |
| 2031 | 64 | -17 |
| 2032 | 46 | -41 |
| 2033 | 27 | -65 |
| 2034 | 8 | -91 |
| 2035 | -11 | -117 |
| 2036 | -30 | -143 |
| 2037 | -50 | -169 |
| 2038 | -71 | -196 |
| 2039 | -91 | -224 |
| 2040 | -112 | -252 |
| 2041 | -133 | -280 |
| 2042 | -154 | -309 |
| 2043 | -176 | -337 |
| 2044 | -197 | -366 |
| 2045 | -218 | -395 |
| 2046 | -240 | -425 |
| 2047 | -262 | -454 |
| 2048 | -283 | -484 |
| 2049 | -305 | -513 |
| 2050 | -327 | -543 |
| 2051 | -349 | -573 |
| 2052 | -371 | -603 |
| 2053 | -393 | -633 |
| 2054 | -415 | -663 |
| 2055 | -437 | -693 |
| 2056 | -460 | -723 |
| 2057 | -482 | -754 |
| 2058 | -506 | -785 |
| 2059 | -529 | -816 |
| 2060 | -553 | -848 |
| 2061 | -578 | -881 |
| 2062 | -603 | -914 |
| 2063 | -628 | -947 |
| 2064 | -654 | -981 |
| 2065 | -680 | -1016 |
| 2066 | -706 | -1051 |
| 2067 | -733 | -1086 |
| 2068 | -760 | -1122 |
| 2069 | -788 | -1158 |
| 2070 | -816 | -1194 |
| 2071 | -845 | -1232 |
| 2072 | -874 | -1270 |
| 2073 | -905 | -1309 |
| 2074 | -935 | -1349 |
| 2075 | -967 | -1391 |
| 2076 | -1000 | -1433 |
| 2077 | -1033 | -1477 |
| 2078 | -1068 | -1521 |
| 2079 | -1102 | -1567 |
| 2080 | -1138 | -1613 |
| 2081 | -1173 | -1659 |
| 2082 | -1208 | -1705 |
| 2083 | -1243 | -1751 |
| 2084 | -1279 | -1796 |
| 2085 | -1314 | -1842 |
| 2086 | -1349 | -1887 |
| 2087 | -1384 | -1933 |
| 2088 | -1419 | -1978 |
| 2089 | -1455 | -2024 |
| 2090 | -1491 | -2071 |
| 2091 | -1528 | -2118 |
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