Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2019-2024, until the rate reaches 13.0 percent for 2024 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 | 247 |
| 2021 | 231 | 233 |
| 2022 | 216 | 220 |
| 2023 | 200 | 206 |
| 2024 | 183 | 192 |
| 2025 | 165 | 178 |
| 2026 | 149 | 164 |
| 2027 | 132 | 151 |
| 2028 | 115 | 138 |
| 2029 | 98 | 124 |
| 2030 | 81 | 110 |
| 2031 | 64 | 97 |
| 2032 | 46 | 82 |
| 2033 | 27 | 68 |
| 2034 | 8 | 52 |
| 2035 | -11 | 37 |
| 2036 | -30 | 21 |
| 2037 | -50 | 5 |
| 2038 | -71 | -11 |
| 2039 | -91 | -28 |
| 2040 | -112 | -45 |
| 2041 | -133 | -61 |
| 2042 | -154 | -78 |
| 2043 | -176 | -95 |
| 2044 | -197 | -112 |
| 2045 | -218 | -129 |
| 2046 | -240 | -146 |
| 2047 | -262 | -164 |
| 2048 | -283 | -181 |
| 2049 | -305 | -198 |
| 2050 | -327 | -215 |
| 2051 | -349 | -233 |
| 2052 | -371 | -250 |
| 2053 | -393 | -267 |
| 2054 | -415 | -285 |
| 2055 | -437 | -303 |
| 2056 | -460 | -321 |
| 2057 | -482 | -339 |
| 2058 | -506 | -358 |
| 2059 | -529 | -376 |
| 2060 | -553 | -396 |
| 2061 | -578 | -416 |
| 2062 | -603 | -436 |
| 2063 | -628 | -456 |
| 2064 | -654 | -477 |
| 2065 | -680 | -499 |
| 2066 | -706 | -520 |
| 2067 | -733 | -542 |
| 2068 | -760 | -565 |
| 2069 | -788 | -588 |
| 2070 | -816 | -611 |
| 2071 | -845 | -635 |
| 2072 | -874 | -659 |
| 2073 | -905 | -684 |
| 2074 | -935 | -709 |
| 2075 | -967 | -736 |
| 2076 | -1000 | -763 |
| 2077 | -1033 | -790 |
| 2078 | -1068 | -819 |
| 2079 | -1102 | -847 |
| 2080 | -1138 | -876 |
| 2081 | -1173 | -905 |
| 2082 | -1208 | -934 |
| 2083 | -1243 | -964 |
| 2084 | -1279 | -993 |
| 2085 | -1314 | -1022 |
| 2086 | -1349 | -1051 |
| 2087 | -1384 | -1080 |
| 2088 | -1419 | -1109 |
| 2089 | -1455 | -1139 |
| 2090 | -1491 | -1169 |
| 2091 | -1528 | -1200 |
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