Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2022-2041, until the rate reaches 14.4 percent in 2041 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 | 277 |
| 2019 | 262 | 262 |
| 2020 | 246 | 246 |
| 2021 | 231 | 231 |
| 2022 | 216 | 216 |
| 2023 | 200 | 200 |
| 2024 | 183 | 184 |
| 2025 | 165 | 169 |
| 2026 | 149 | 154 |
| 2027 | 132 | 141 |
| 2028 | 115 | 127 |
| 2029 | 98 | 114 |
| 2030 | 81 | 102 |
| 2031 | 64 | 90 |
| 2032 | 46 | 78 |
| 2033 | 27 | 66 |
| 2034 | 8 | 54 |
| 2035 | -11 | 42 |
| 2036 | -30 | 31 |
| 2037 | -50 | 20 |
| 2038 | -71 | 10 |
| 2039 | -91 | -1 |
| 2040 | -112 | -10 |
| 2041 | -133 | -20 |
| 2042 | -154 | -28 |
| 2043 | -176 | -37 |
| 2044 | -197 | -45 |
| 2045 | -218 | -53 |
| 2046 | -240 | -62 |
| 2047 | -262 | -70 |
| 2048 | -283 | -78 |
| 2049 | -305 | -86 |
| 2050 | -327 | -95 |
| 2051 | -349 | -103 |
| 2052 | -371 | -111 |
| 2053 | -393 | -119 |
| 2054 | -415 | -127 |
| 2055 | -437 | -136 |
| 2056 | -460 | -144 |
| 2057 | -482 | -153 |
| 2058 | -506 | -162 |
| 2059 | -529 | -172 |
| 2060 | -553 | -182 |
| 2061 | -578 | -192 |
| 2062 | -603 | -203 |
| 2063 | -628 | -213 |
| 2064 | -654 | -225 |
| 2065 | -680 | -236 |
| 2066 | -706 | -248 |
| 2067 | -733 | -260 |
| 2068 | -760 | -272 |
| 2069 | -788 | -285 |
| 2070 | -816 | -298 |
| 2071 | -845 | -312 |
| 2072 | -874 | -326 |
| 2073 | -905 | -340 |
| 2074 | -935 | -355 |
| 2075 | -967 | -370 |
| 2076 | -1000 | -386 |
| 2077 | -1033 | -402 |
| 2078 | -1068 | -418 |
| 2079 | -1102 | -435 |
| 2080 | -1138 | -451 |
| 2081 | -1173 | -468 |
| 2082 | -1208 | -485 |
| 2083 | -1243 | -502 |
| 2084 | -1279 | -519 |
| 2085 | -1314 | -536 |
| 2086 | -1349 | -552 |
| 2087 | -1384 | -570 |
| 2088 | -1419 | -587 |
| 2089 | -1455 | -605 |
| 2090 | -1491 | -623 |
| 2091 | -1528 | -641 |
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