Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2029-2058, and to 18.0 percent in years 2059 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 | 183 |
| 2025 | 165 | 165 |
| 2026 | 149 | 149 |
| 2027 | 132 | 132 |
| 2028 | 115 | 115 |
| 2029 | 98 | 98 |
| 2030 | 81 | 96 |
| 2031 | 64 | 95 |
| 2032 | 46 | 93 |
| 2033 | 27 | 91 |
| 2034 | 8 | 88 |
| 2035 | -11 | 86 |
| 2036 | -30 | 83 |
| 2037 | -50 | 79 |
| 2038 | -71 | 76 |
| 2039 | -91 | 73 |
| 2040 | -112 | 69 |
| 2041 | -133 | 66 |
| 2042 | -154 | 63 |
| 2043 | -176 | 60 |
| 2044 | -197 | 57 |
| 2045 | -218 | 54 |
| 2046 | -240 | 52 |
| 2047 | -262 | 49 |
| 2048 | -283 | 47 |
| 2049 | -305 | 44 |
| 2050 | -327 | 42 |
| 2051 | -349 | 40 |
| 2052 | -371 | 38 |
| 2053 | -393 | 36 |
| 2054 | -415 | 33 |
| 2055 | -437 | 31 |
| 2056 | -460 | 28 |
| 2057 | -482 | 25 |
| 2058 | -506 | 21 |
| 2059 | -529 | 18 |
| 2060 | -553 | 29 |
| 2061 | -578 | 40 |
| 2062 | -603 | 51 |
| 2063 | -628 | 62 |
| 2064 | -654 | 72 |
| 2065 | -680 | 83 |
| 2066 | -706 | 93 |
| 2067 | -733 | 103 |
| 2068 | -760 | 113 |
| 2069 | -788 | 123 |
| 2070 | -816 | 133 |
| 2071 | -845 | 142 |
| 2072 | -874 | 151 |
| 2073 | -905 | 160 |
| 2074 | -935 | 169 |
| 2075 | -967 | 178 |
| 2076 | -1000 | 188 |
| 2077 | -1033 | 197 |
| 2078 | -1068 | 207 |
| 2079 | -1102 | 216 |
| 2080 | -1138 | 226 |
| 2081 | -1173 | 236 |
| 2082 | -1208 | 246 |
| 2083 | -1243 | 256 |
| 2084 | -1279 | 266 |
| 2085 | -1314 | 276 |
| 2086 | -1349 | 286 |
| 2087 | -1384 | 295 |
| 2088 | -1419 | 305 |
| 2089 | -1455 | 314 |
| 2090 | -1491 | 323 |
| 2091 | -1528 | 332 |
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